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Trade & Globalization

Import Money - Export Goods

  • By Robert Atkinson, President, Information Technology and Innovation Foundation
July 5, 2011

Things are not working. Two years after the National Bureau of Economic Research (NBER) declared the recovery underway, it is clear that things are not working, at least not in the sense that most Americans expect. The U.S. economy is like an aging sports car running on three cylinders, fouled spark plugs and a flat tire.

Enduring Flaws: FTA Deal with Colombia Still Has Major Problems

  • By
  • Lauren Damme,
  • New America Foundation
  • and David Callahan, Demos International Program Director and Senior Fellow
June 16, 2011 |

The U.S.-Colombia Free Trade Agreement, stalled in Congress since the George W. Bush Administration signed it in 2006, is likely to be voted on by legislators this summer as part of a broader trade package that also includes the pending pacts with Panama and South Korea.

Chug for Growth

  • By
  • Charles Kenny,
  • New America Foundation
June 20, 2011 |

The myth of the smug teetotaler is no joke. Many of the most popular theories of economic growth in wealthy countries, dating back to the Protestant work ethic of Max Weber, emphasize the abstemious and sober virtues of the well-to-do. And from the 18th-century Gin Acts in Britain to Prohibition in 1920s America to a certain class of modern-day economists, there's a long tradition of blaming intemperance for the persistence of poverty.

No More Rabbits in the Hat

June 9, 2011

-- This is a guest post by Jay Pelosky, Principal, J2Z Advisory, LLC --

GLOBAL BACKDROP

Friend, Foe, or Fallacy

Thursday, June 16, 2011 - 12:15pm

Does China’s rise strengthen the existing international order or overturn it?  How we perceive and react to China’s rise will have dramatic consequences for Sino-American relations and China’s role in the world. Whether we see Beijing as a friend, a challenger, or whether those labels engender a false choice is critical to how we develop the right foreign policy for a rising China.

Watch Ely Ratner and Steven Weber in their discussion on how we should approach U.S.–China relations during this period of great power transitions.

Why Can’t More Poor People Escape Poverty?

  • By
  • Jamie Holmes,
  • New America Foundation
June 6, 2011 |

Flannery O’Connor once described the contradictory desires that afflict all of us with characteristic simplicity. “Free will does not mean one will,” she wrote, “but many wills conflicting in one man.” The existence of appealing alternatives, after all, is what makes free will free: What would choice be without inner debate? We’re torn between staying faithful and that alluring man or woman across the room. We can’t resist the red velvet cake despite having sworn to keep our calories down.

As China's Growth Slows, the World Will Feel the Pinch

  • By
  • Afshin Molavi,
  • New America Foundation
March 16, 2011 |

The Chinese premier Wen Jiabao is not a man given to revolutionary rhetoric. He normally speaks in the dry, careful language characteristic of Beijing's leaders. But six words he uttered last week could have revolutionary consequences for China, the world, and the Middle East.

Did he comment on Libya's civil war? On rising oil prices? On Middle East unrest? None of the above. In fact, he simply made a matter-of-fact declaration about China's future economic intentions. Here were the six words: "We will actively boost consumer demand."

Michele Wucker Guest Hosts CNBC, Speaks About Debt Restructuring

May 23, 2011

Michele Wucker, president of the World Policy Institute and co-sponsor of the World Economic Roundtable, guest hosted Worldwide Exchange this morning and spoke about her recent paper advocating for a voluntary debt restructuring in Europe.

How China Could Help Obama Win the Budget Battle

  • By
  • Peter Beinart,
  • New America Foundation
April 14, 2011 |

President Obama's budget speech was one part Obama, one part Clinton, one part China. The Obama part came at the end. It was a gesture toward recapturing the image he enjoyed between 2004 and 2008: As the guy who didn't hate and wasn't hated, the guy who could help red and blue America get along. "This sense of responsibility—to each other and to our country—this isn't a partisan feeling," Obama declared. "It isn't a Democratic or a Republican idea. It's patriotism."

U.S. Growth Slowdown Ahead: The Dog that Didn't Bark

April 21, 2011

-- This is a guest post by Jay Pelosky, Principal, J2Z Advisory, LLC --  When one considers Q1 2011 results: broad commodities up 12%, led by oil up 24%, S&P stocks up 6% in its best Q1 since 1998, USD down 4%, one asset class stands out and that is bonds - bonds were roughly flat across both the corporate and government space in Q1, even in the face of sharply rising commodity prices and inflation fears.

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