{"id":13546,"date":"2026-03-01T05:04:00","date_gmt":"2026-02-28T20:04:00","guid":{"rendered":"http:\/\/www.irken.jp\/gn\/?p=13546"},"modified":"2026-02-27T17:05:10","modified_gmt":"2026-02-27T08:05:10","slug":"wall-street-journal-february-27-2","status":"publish","type":"post","link":"https:\/\/www.irken.jp\/gn\/?p=13546","title":{"rendered":"Wall Street Journal (February 27)"},"content":{"rendered":"<p>\u201cEconomics 101 teaches that international trade is all about comparative advantage.\u201d Specialization and trade result \u201cin everyone getting more of everything.\u201d This theory \u201cno longer guides global trade. Instead, what\u2019s happening looks more like portfolio theory. Countries are no longer maneuvering to maximize gains. They\u2019re diversifying to minimize losses. The risk they\u2019re hedging against? The U.S.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"<p>\u201cEconomics 101 teaches that international trade is all about comparative advantage.\u201d Specialization and trade result \u201cin everyone getting more of everything.\u201d This theory \u201cno longer guides global trade. Instead, what\u2019s happening looks more like portfolio theory. Countries are no longer maneuvering to maximize gains. They\u2019re diversifying to minimize losses. The risk they\u2019re hedging against? The [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[17606,4733,956,2930,11280,17608,17605,17607,37,17609,8],"class_list":["post-13546","post","type-post","status-publish","format-standard","hentry","category-global-news","tag-comparative-advantage","tag-diversifying","tag-economics","tag-hedging","tag-international-trade","tag-maximize-gains","tag-minimize-losses","tag-portfolio-theory","tag-risk","tag-specialization","tag-u-s"],"_links":{"self":[{"href":"https:\/\/www.irken.jp\/gn\/index.php?rest_route=\/wp\/v2\/posts\/13546","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.irken.jp\/gn\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.irken.jp\/gn\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.irken.jp\/gn\/index.php?rest_route=\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.irken.jp\/gn\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=13546"}],"version-history":[{"count":1,"href":"https:\/\/www.irken.jp\/gn\/index.php?rest_route=\/wp\/v2\/posts\/13546\/revisions"}],"predecessor-version":[{"id":13547,"href":"https:\/\/www.irken.jp\/gn\/index.php?rest_route=\/wp\/v2\/posts\/13546\/revisions\/13547"}],"wp:attachment":[{"href":"https:\/\/www.irken.jp\/gn\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=13546"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.irken.jp\/gn\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=13546"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.irken.jp\/gn\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=13546"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}