Books

Money and Might

Along the Belt and Road Initiative

The book deals with the interplay between two strategies promoted by China in the 21st century to increase its integration into the world economy: Belt and Road Initiative-BRI and the internationalisation of the renminbi. They came about at different times and with complementary aims, with a great synergy between them. On the one hand, greater international circulation of the renminbi is indispensable ...

Theory and Reality of International Trade

In recent decades international trade theory has not been very helpful, overall,in explaining the causes and effects of contemporary trade flows. This hasbeen due, first, to trade theory continuing to refer to the Ricardian principle ofcomparative advantage, which is based on a number of irrealistic hypothesessuch as full employment and trade balances’ equilibrium. And, second, to thefact that the ...