[Hints] Voices from the Blätterwald 2018-11-29

Chinese company takes over Iranian multibillion-dollar gas project from French Total

source: rt
note:
"Largest non-associated gas fields by Recoverable reserves:
1. South Pars - Iran and Qatar - 1,235 * 1012 cu ft - 35,000 km³
2. Urengoy - Russia - 222×1012 cu ft - 6,300 km³
..."
https://en.wikipedia.org/wiki/List_of_natural_gas_fields



Hype and facts on free trade

Voices questioning the claim that nations and the majority of their people stand to gain from global trade are growing louder. The one difference now is that the leading protagonist of protectionism is not a developing country, but global hegemon United States under Donald Trump. Free trade benefits big corporations with production facilities abroad, Trump argues, while harming those looking for a decent livelihood working in America. With time Trump has made clear that his words are not mere rhetoric, matching them with tariffs that have frightened European and North American allies and US corporations, besides troubling the likes of China and Japan. A nation that pushed for freer trade is now building economic walls along its borders. This turn in policy at the metropolitan core not only undermines the case for free trade among other nations, but revives arguments usually advanced by developing countries. The benefits of trade under capitalism, they hold, tend to be distributed unequally among nations. They sometimes fail to mention that at the national level as well the gains are asymmetrically distributed, favouring the more powerful.
...

source: Real-World Economics Review Blog/C. P. Chandrasekhar
https://rwer.wordpress.com/2018/11/12/hype-and-facts-on-free-trade-2/


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