Selling goods to China

This chart shows the top exporters to China. The trade link of African and east Asian economies with China will not surprise anyone - what seems to be less widely appreciated is that nearly one fifth of exports of several Latin American countries are now sold to China: ![](/content/images/…

The stunning growth of market cap in China

To put the recent market movements in perspective, I made this chart: Between December 2007 and June 2015, the size of the stock market in China increase by 83%. Compare that with the period between early 2000 and early 2006. Within that time frame, the market cap actually decreased by…

Is Spain finally recovered?

One good story of this year appears to be that the Spanish economy is getting stronger. And yet, just like in many places across Europe, it is not clear how much of the growth in output is actually felt by people who are marginally employed or who are still looking…

Tragedies and Recoveries

David Brooks wrote in his column today that the U.K. and Germany are the success stories of Europe: After the financial crisis, there was a big debate over how much governments should go into debt to stimulate growth. The two nations most associated with the “austerity” school — those who…

Are you satisfied with the way things are going in your country?

George Gao from Pew Research recently pointed out that American respondents stand out from other advanced economies because they are significantly more likely to say they were “having a particularly good day.” According to this Pew survey, 41 percent characterized their day as “particularly good” in contrast with only 21…