When we remember the projections which were made a year ago about the world economy, we measure to which extent the art of forecasting is difficult. But that must not impeach us to look with lucidity at the problems the world and, of course, France will be confronted with next year and to try to assess what are at stakes. If the art of governing lies in to know how to forecast, in order to find the appropriate policies and to put them into practice with success, it is important to have an as sound as possible analysis of the ...

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John Maynard Keynes went down in history, which is not frequent for an economist, because the remedies he had proposed during the great 1929 crisis had allowed Roosevelt to making the United States exiting from the deep depression which after extended itself to Europe. But it was not his first masterstroke. He had been the only one to denounce the economic risks the Versailles Treaty was carrying due to the extent he thought excessive of the reparations imposed to Germany. He, then, left the British delegation. History gave him he was right. The crisis which resulted from the consequences has ...

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The signature of a free-trade agreement between the ten countries members of ASEAN and China, South Korea, Japan, Australia and New Zeeland brings a spectacular proof that negotiations gathering many countries to go through new steps regarding goods and services liberalization exchanges can be successful. So a stunning denial is brought to these who forecast the end of globalization. Yet, deep political disagreements are remaining between the signatory countries. China and Japan are reproaching themselves for wanting to annex territories they are not the owners, in this case, islands. South Korea is accusing Japan, as also China, to never having ...

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