A principle taught in international relations is that a rising power could threaten global stability. The example given is Germany prior to World War I and its rapid economic rise challenging England’s dominance. Following that model, if one were to believe Donald Trump’s anti-China rhetoric, a clash with China would seem inevitable.
Every year Montreal Exchange hosts a derivative conference in late November. This year was the 17th annual meeting. I was invited to join the macro-economic panel to discuss.
The 2016 US presidential election, probably the longest political reality show in the world, finally reached its dramatic climax yesterday and will put Donald Trump in the White House. In the end it was not so much a contest to determine who was the more popular candidate but rather a competition to see who was less unpopular; it was, as one political commentator mused, “a race to the bottom”.
No matter who wins the US election, Donald Trump or Hillary Clinton, the president will be a weak leader facing opposition from their own party as well as others.
The oversupply of oil in the world market, maturing oilfields, and the low price environment are some of the economic challenges that Norway is currently facing. In order to overcome them, Norway needs to diversify its economy.