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May 18 • 3 tweets • 2 min read
“In these negotiations the EU was (and is) in a stronger position, because it matters far more to the UK than them
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“This is power, which matters in international relations
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Who knew?” #BrexitReality #BrexitShambles #Brexit
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📊&🔗in🧵👇@martinwolf_
Worse economic performance
Lost trade opportunities

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More from @BaldwinRE

Richard Baldwin Profile picture
May 17
Icymi
Former Russian foreign minister Andrei Kozyrev:
•
‘I don’t buy this talk that Putin cannot back down’
•
Snippets in 🧵👇
on.ft.com/3JDleyx
“I don’t buy all this talk that he cannot back down. For [Joe] Biden, [Boris] Johnson, the western politicians, backing down means you will lose public opinion.”
•
Putin does not have this worry.
“Russian population will suffer but it’s a necessary evil, he says. “Unfortunately to wake them up you have to create a situation” where the empty refrigerator pierces the propaganda being shown on TV, he says.”
Read 4 tweets
Richard Baldwin Profile picture
Mar 19
Rundown & analysis by @ChrisGiles_ Charts in 🧵👇
•
on.ft.com/3ijv7VV
Energy price shocks
Fiscal stimulus would buffer the downside
Read 4 tweets
Richard Baldwin Profile picture
Nov 20, 2021
Charts in 🧵👇
•
@ChrisGiles_
Inflation: is now the time to get worried? on.ft.com/3FtURsf
Scales are different but trends are the same #inflation
Forecasted inflation is up
•
BUT, US near 4% while Eurozone barely over 2%
•
Don’t confound US-specific & with global issues
Read 6 tweets
Richard Baldwin Profile picture
Nov 19, 2021
The Brexit stand-off: Boris Johnson’s Christmas truce ft.com/content/4678cf… @FT #Brexit Image
“UK government insiders said the meeting marked a significant shift in approach” Image
“Tory MPs:”If Brexit is the issue at the next election, we will be seen as being incompetent for not having dealt with it,” says one”
•
“Johnson and Frost signed the protocol in 2019 but have been trying to disown parts of it ever since” Image
Read 6 tweets
Richard Baldwin Profile picture
Feb 3, 2021
_
IMHO we should not use PPP-adjusted figures to compare size of national GDPs
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For size what matters is int’l purchasing power of nations - not the domestic purchasing power
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PPP is good for per capita GDP as a welfare measure (utility=consumption) on.ft.com/36D3aD7
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That’s better @martinwolf_
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Maybe we should develop a price index for military spending to compare national potentials for military power?
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Does it already exist???
Read 6 tweets
Richard Baldwin Profile picture
Oct 4, 2020
_
Gary Gereffi (Dr. GVC): Case study of GVCs resilience, and C19
|
"On balance, the U.S. shortage of N95 respirators during the COVID-19 pandemic is more a policy failure than a
market failure"
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More snippets and reference 👉
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The COVID-19 pandemic has caused a dramatic shortage in the medical supplies due to a massive surge in demand as the disease circled the globe during the first half of 2020
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Prior to the crisis, there was an interdependence of trade and production for medical supplies,
_
with adv'd countries like the US & Germany specializing in
high-tech medical devices sector, while low-cost production hubs such as China and Malaysia were leading producers of less technologically sophisticated personal protective equipment (PPE) products such as face masks
|
Read 5 tweets

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