In the United States a silly idea emerged which is called YesCalifornia. Inspired by the Brexit, they are a group who are actively promoting a Calexit. They are asking for the support of citizens on a referendum which would be held in March 2019 and could enable California to become an independent country. Since the presidential elections in November, this idea has grown quite a lot in popularity. What started out as a silly and sarcastic idea is now growing into a serious suggestion.
Globalization makes it possible for goods to be traded without boundaries. The countries who produce a good most efficiently, will produce that good and trade it in order to get other goods. This means that the most efficient country will produce, which is positive for the economy. This also means that many factories are moved to low-wage countries, causing people to loose their jobs and causing environmental damage. Therefore the resistance against globalization grows, but is globalization worth a second chance?
Last week, I went to the FD National Economist Debate. The debate was about globalization and its different sides. What is the opinion of notable economists, professors, politicians and students on globalization and trade agreements?
Clinton vs. Trump
The United States of America are engaged in a remarkable battle for the presidency. With two eccentric candidates in the respected persons of Donald Trump and Hillary Clinton the duel seems to be decided based on who commits the least errors. Both campaigns are mainly focused on non-economic points and the agendas are very vague on the economical field. But what would the economic consequences for the USA in either possible outcome of the elections be?