AT THE START of the year dealmakers around the globe were sharpening their pencils. Donald Trump’s incoming administration was promising to slash corporate taxes and tear up red tape in the world’s mightiest economy. Political leaders in other large markets at last appeared to grasp that in order to keep up with America, they had better put innovation and economic growth ahead of caution (in risk-averse Europe) or common prosperity (in Xi Jinping’s China).
→ Continue reading at The Economist
