The paths diverge
“In everything we do, we put America first.” The publication of the Strategic Security Review (SSR) by Washington has highlighted the White House’s priorities. In his preface, Donald Trump argues…
Philippe Waechter's blog
FDI in the South, The Great Rebalancing
The IMF’s number two official, Dan Katz, made headlines in April 2024 with a scathing speech about institutions like the IMF and the World Bank, which he claimed should be…
Europe, A future that needs to take shape quickly!
Should Europe continue to determine its own rules or should it accept the rules of a system made elsewhere? This is the question recently posed by European Commissioner Teresa Ribera.…
The business cycle, does it still exist?
The business cycle is a generic term illustrating the fluctuations of an economy. Several interpretations. The simplest method is to represent the rises and falls in activity. These phenomena can…
Dollar – Stability under tension, Hegemony in question
The position and role of the dollar have long been a subject of debate. After the Second World War, the Bretton Woods agreements enabled the establishment of a stable monetary…
China and the Eurozone Asymmetrical competition?
A major challenge for the European cycle will be the confrontation with Chinese products. For what ? 1- China is redeploying its activity and will continue to use its exports…
Culture at the heart of the economic system
Here is a column written in mid-August 2025. I paid tribute to Joel Mokyr who has just received the Nobel Prize in Economics along with Philippe Aghion and Peter Howitt.…
The United States in the Chinese trap
China has sparked hostilities over Trump’s trade policy. Donald Trump’s tariff policy was expected to increase inflation slightly, and this is the case, even if it is not spectacular. The…