Recent comments by Paulo Sérgio

• Economic Policy’s Narrative Imperative

  I think that in the race for some sort of future leadership, the United States is already retooling for a competitive future with China. Europe / The European Union has for some time stepped off the gas, closed the throttle, and will not be joining that party. I think it shows in Nokia's massive loss of market share, leadership. It's not that Europeans need to bailout their industrial giants -- it's that their industrial champions appear to be merely surviving. There will be consequences of de-industrialization -- Nokia is not the only company that has massively reduced its European industrial footprint in the name of survival.

• The Global Innovation Revolution

  Lots -- loads of innovation, technological advancement has been made through the so-called US military-industrial complex. I think the problem for the US currently is the goals are not clearly defined, there doesn't appear to something, some worthwhile technological seed being sowed in huge efforts such as the F-35. The US needs to set real goals for the considerable R&D effort taking place at its incredibly well/complex organized government departments dealing with private organizations.
  
  Clear Goals

• Why Stimulus Has Failed

  If this is true, isn't the recapitalization of the financial industry with government money another form of governments standing in the way of more natural growth?
  
  The question is more complex than at first appearances because in whatever economy, the financial industry sponsors much of the private invention, industrialization and so on --- unless private venture capital is ready to take over from open capital markets and banking and so on.

• France Alone?

  For some Africans, the French arrest of President Laurent Gbagbo did strike a raw nerve, as did the Libyan intervention.

• A Breach in the Eurozone Dike

  If "Europe", and here I mean European Union, does not have a growth engine, does it have a common market?