The following three developments over the last few weeks are particularly interesting. One, currency devaluations may not actually help exports. Two, various countries are now applying antitrust rules to global technology firms (Google). Three, lifting Iranian trade sanctions pose a host of legal questions worldwide, this is not simple.
New Financial Times study concludes that competitive currency devaluations restrict imports but do not help exports. “Emerging Market Currency Wars.” Financial Times (9.1.15).
Global antitrust actions are spreading against technology firms. Google has been at the focus recently in the US, EU and now India. “India Antitrust and Google.” New York Times (Sept. 2, 2015).
The lifting of Iranian trade sanctions under the Nuclear Agreement poses significant legal and trade issues. “Iranian Sanctions & Nuclear Agreement — U.S. & International Law.” New York Times (Sept. 12, 2015).