Morning reading

10 things you need to know about Newt (Medhi Hasan, The New Stateman)

With the Florida primary almost upon us, lets take a look at Newt Gingrich’s background…

He’s been married three times and his middle name is Leroy. But that’s not the half of the things you might not know about the latest big hope of the Republican right . . .

The Third Wave Of Globalisation (Will Straw, Progress Online)

Given the recent talk surrounding the Crafar farm sales, and the accusations of economic protectionism, nationalism, patriotism and even xenophobia and racism, this piece is particularly relevent…

The ongoing elections in the US and France have exposed an electorally popular strand of protectionism in both countries. In the US, the Republican hopeful Mitt Romney has made hawkish noises about China’s currency while Arnaud Montebourg came an unexpected third in the Socialist primary election running on a ‘deglobalisation’ ticket. Britain has always been more open to trade but the negative effects of competition from Asia and elsewhere has begun to erode that old consensus.

For the last year, IPPR has undertaken a research programme, led by Lord Mandelson, to look at how the global economy is changing, digest the latest economic evidence of the positive and negative impacts of globalisation, investigate how Britain can earn a living in this new context, and set out a series of policy recommendations at the international and domestic level to ensure that globalisation contributes to a more equitable and sustainable form of economic growth rather than detracting from it. After meeting hundreds of people in cities across five continents, IPPR today publishes our conclusions in The Third Wave of Globalisation.

DAVOS 2012: IMF issues austerity warning (BBC World)

Via Helen Clark on Twitter

Crisis-hit countries such as Greece and Spain are implementing deep government spending cuts and raising taxes in order to try to bring down their deficits.

“For parts of Europe for a long time, there will be no alternative to very substantial adjustment in budget deficits,” Mr Geithner said.

He is one of a number of leaders who have said this week that the deficit-cutting measures have been an important step in addressing the eurozone debt crisis.


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