ADAM TOOZE

Across large EM and low-income markets, from 2015 to 2019, Chinese apps made significant inroads into market previously dominated by the US. EU has no presence to speak of. @MacroPoloChina macropolo.org/us-eu-cooperat… https://t.co/5uGy5Y4LHd

Chinese auto battery manufacturers sink $5.3bn into investment in Europe to supply surging EV production -> when stressing geopolitics of Sino-EU investment treaty dont forget industrial logic at work here. asia.nikkei.com/Business/Autom… https://t.co/h7iNcnVnPF

RT @IvanUlisesKK: Made a quick map of this data by @novaya_gazeta. twitter.com/adam_tooze/sta… https://t.co/fdIgYSYqTr

As America’s economy rebounds the run down in stocks in 2020 in retail and wholesale may lead to a vigorous restocking boom. @Gavekal research.gavekal.com/article/boost-… https://t.co/2klVbUw3Tb

Critical macro-finance: A theoretical lens @DanielaGabor Succinct, capacious, brilliant. An essential reference. financeandsociety.ed.ac.uk/article/view/4… https://t.co/3pBElKo42O

Global Britain? Where is most of the UK’s FDI located? Just shy of 50% is Europe. Huge chunk US. Rest … fdiintelligence.com/article/79327 https://t.co/JjGlExE4Fj

2003-2019 chemical-giant BASF’s total Greenfield investment in China came to $27.8bn of capital expenditure. fdiintelligence.com/article/76527 https://t.co/yXn4Gw11Xk

How Russia spent $609bn on geopolitics. This translation by @VictorPPetrov One for @SoberLook novayagazeta.ru/articles/2021/… https://t.co/xbjGczAlPv

This portrait of Edward Luttwak by Tom Meaney is something else! theguardian.com/world/2015/dec… https://t.co/AYhhBL23Cf

RT @KeohaneDan: To give another example, something similar-ish happened when the EU agreed a DCFTA with Ukraine in 2013, which then sparked…

RT @maxberger: The Office of the Comptroller of Currency is an important financial regulator that often flies under the radar (so banks hav…

Dornbusch on anti-globalization protests 2000: "behind scenes but not really hidden, is US organized labor. They play internationalist. Don’t believe it. It is all about raising labor standards to point where workers in poor countries are overpriced." web.mit.edu/15.018/attach/… https://t.co/GslYy6qxBg

"The ECB is a monument to the proposition that money is too serious to be left to politicians: in these matters there is no such thing as a responsible politician, democratic money is bad money.” Rudiger Dornbusch 1999. web.mit.edu/15.018/attach/… https://t.co/0Oy2FgPQDq

For an inside view of the argument over global corporate tax following the agenda-setting papers published by @OECDeconomy in October 2020, this discussion is technical but interesting. @Forbes forbes.com/sites/taxnotes… https://t.co/l0s6QMYSye

Taxing times lie ahead This is good overview on the current agenda of global corporate tax rates harmonization and its limits. @icrict Alex Katsomitros icrict.com/icrict-in-then… https://t.co/eDFhj9XAuV

This by Angela Zhang in @NikkeiAsia on China’s anti-trust moves, bureaucratic lineage of SAMR etc is interesting. See her forthcoming new book at OUP asia.nikkei.com/Opinion/China-… https://t.co/q0OMIPPm2b

On Franco-German strategic approaches to China these two reports by @merics_eu @i_montaigneEN One from 2019 one from 2020 are interesting. @mtdtl merics.org/de/franco-germ… institutmontaigne.org/en/blog/franco… https://t.co/AkdXbwzrS7

Gemuetlichkeit or appeasement? Armin Laschet was endorsed as Merkel’s successor by Gerhard Schroeder. @noahbarkin foreignpolicy.com/2020/03/09/arm… foreignpolicy.com/2021/01/18/is-… https://t.co/rdvosQvH0y

Alibaba's high-profile 2014 debut on the New York Stock Exchange — the biggest initial public offering ever at the time — symbolized the arrival of China's Big Tech era. 2020 was a moment of fundamental reevaluation. Great article this: asia.nikkei.com/Spotlight/The-… https://t.co/jXTU64fwrV

Regulatory power is one of the big ideas about Europe in the world. This paper by @boell_intpol “Technical standardisation, China and the future international order. A European perspective" with preface by @bueti is very interesting. eu.boell.org/sites/default/… https://t.co/qlNk00grng

In Sino-US rivalry, EU may fancy being Swiss, but @MKarnitschnig warns they risk becoming lawless “neutral zone” buffer btw major powers in Philip K. Dick’s “Man in High Castle". Why apocalyptic? Not cynical?How about actual Switzerland in actual WWII? politico.eu/article/europe… https://t.co/ShEU2nMMBp

According to a revision to China’s current antimonopoly law, maximum fines could soon add up to 10% of the companies' revenue, a change expected to take effect next year. That could come to billions of dollars, based on last year's earnings. asia.nikkei.com/Spotlight/The-… https://t.co/MY4tUdTDGI

How China’s FDI plunged after crackdown on outward M&A. @Gavekal @andrewbatson research.gavekal.com/article/decodi… https://t.co/v9xX2sWTgW

RT @RobinBrooksIIF: They say anything in life is possible. But is it possible for Italy & New Zealand to have the same output gaps? The IMF…

Truly essential reading this! @tedfertik @stefeich twitter.com/DanielaGabor/s…

RT @YoungsangerMatt: Finally we recognize post Nixon shock syndrome. My theory says he will get great relief by this admission, his hysteri…

"Antitrust enforcement in China faces challenge in a lack of manpower. In 2018, the country consolidated previously scattered antitrust oversight into the SAMR. But agency's antitrust unit has only about 50 employees v. 000s in EU & U.S. @S_Rabinovitch asia.nikkei.com/Spotlight/Caix… https://t.co/Ugr7m1LjOf

Vaccine v. virus Flat demand Labour market scarring GOP opposition Inflation spooking the Fed @economistmeg on how Murphy’s Law might upset the Biden administration ft.com/content/70f8c6… https://t.co/9O3Kq0ImWp

The Longer Telegram: Toward A New American China Strategy by Anonymous Yup … conscious imitation of Kennan’s anonymous “Long Telegram” of 1946! New … Old Cold War. atlanticcouncil.org/wp-content/upl… https://t.co/ZX9gGvPTGw

Lael Brainard David Lipton August 2008!!!!! CAN AMERICA STILL LEAD IN THE GLOBAL ECONOMY? Makes for interesting reading 12 years later. https://t.co/lhD4lISycR

With rates as low as they are ever likely to get January 2021 has been a record month for EM bond issuance. ft.com/content/1a7e34… https://t.co/miMONtumZU

‘it seems to me that there must be a kind of nightfall preceding, and determining, almost every case of cultural greatness. It is the darkness that provokes a multitude of lights.’ Braudel as cultural historian! lrb.co.uk/the-paper/v42/… https://t.co/Gr0tDmlUZD

As Fed and other AE central banks drove a tidal wave of credit, Eurobond issuance by EM hit all-time records in 2020 -> makes it rather important that Fed leadership is stomping hard on any talk of a new taper tantrum. ft.com/content/1a7e34… https://t.co/MmVNRyfCvX

The 1970s no more: "if we did get sustained inflation at a level that was uncomfortable, we have tools for that. It's far harder to deal with too low inflation.” Jay Powell’s 27 Jan 2021 press conference may really mark a break. federalreserve.gov/mediacenter/fi… https://t.co/dueWskU4lq

“The ECB's communication challenge ahead: avoid any overreaction to January inflation data,” @fwred TOO RIGHT. Shouldn’t escape from deflation be sold as great news? @Isabel_Schnabel ft.com/content/9957ce… https://t.co/vOYitCTSDm

"General Motors aims to stop selling petrol or diesel cars (NOT trucks) by 2035” = first of big motor manufacturers to set date for end to tailpipe emissions. Carbon neutrality by 2040 means by then even the Silverado must be electric! ft.com/content/ea49d8… https://t.co/wSedqE3AO6