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Guillermo Valles

Guillermo Valles

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Guillermo Valles is Director for Trade at UNCTAD and a former vice minister and ambassador to the WTO for Uruguay.

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  2. frankel135_KAZUHIRO NOGIAFP via Getty Images_exchange rate KAZUHIRO NOGI/AFP via Getty Images

    Get Ready for Reverse Currency Wars

    Jeffrey Frankel

    With elevated global inflation likely to persist for some time, the prospect of competitive exchange-rate appreciations is looming larger. Instead of a race to the bottom in the currency market, there may be a scramble to the top – and poorer countries will likely suffer the most.

     warns that a series of competitive exchange-rate appreciations would hurt poorer economies the most.
    0
  6. op_soros6_FADEL SENNAAFP via Getty Images_ukrainewar Fadel Senna/AFP via Getty Images
    Free to read

    The Fight of Our Lives

    George Soros

    Neither the invasion of Ukraine nor the deepening cold war between the West and China came out of the blue. The world has been increasingly engaged over the past half-decade, or longer, in a struggle between two diametrically opposed systems of governance: open society and closed society.

     frames the war in Ukraine as the latest battle for open-society ideals – one that implicates China as well.
    12

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