The World Trade Organization made history last month when its members chose Ngozi Okonjo-Iweala as director-general, the first woman and first African to hold that position. A former Nigerian finance minister and senior World Bank official, Okonjo-Iweala enjoyed near-unanimous support, but her candidacy had been stalled by opposition from the …
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China’s Boycotts of Western Brands Aren’t Very Effective
China has a long history of wielding its immense market power as a tool of economic coercion. During the first half of the 20th century, it fought back against colonial powers by organizing boycotts of goods from the United States, the United Kingdom and Japan. Nearly a century later, China …
Read More »Europe Is Souring on China
The European Parliament has voted overwhelmingly to freeze a massive investment deal with China that had taken seven years to negotiate. The Guardian reported that the resolution suspended “any consideration of the EU-China Comprehensive Agreement on Investment (CAI), as well as any discussion on ratification” until China lifted sanctions on …
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