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Trade & Globalization

A Recovery At Risk

  • By
  • Sherle R. Schwenninger,
  • Samuel Sherraden,
  • New America Foundation
October 11, 2010

Click here to download the slideshow, "A Recovery at Risk."

World Rule

Wednesday, October 13, 2010 - 6:00pm

Come celebrate the publication of Jonathan Koppell's timely and important new book World Rule: Accountability, Legitimacy, and the Design of Global Governance published in August by the University of Chicago Press.  Koppell, a former Fellow at the New America Foundation and Yale faculty member, is the recently-appointed dean of the Public Affairs School at Arizona State University.

Public Purpose Finance

  • By
  • Michael Lind,
  • New America Foundation
September 9, 2010

Executive Summary

Rebuilding the American economy in the aftermath of the most severe global economic crisis since the Great Depression can be achieved in part with the aid of public economic development banks that can leverage private capital for public purposes that include investment in infrastructure, energy, R&D, manufacturing and skills development. 

Plan B for Obama

  • By
  • Thomas Palley,
  • New America Foundation
September 6, 2010

Mr. President:

With hopes of a V- or U-shaped recovery fading, there is the increasing prospect of an L-shaped future of long stagnation, or even a W-shaped future in which W stands for something worse. The reason for this dismal outlook is economic policy is trapped by failed conventional thinking that can only deliver wage stagnation and prolonged mass unemployment.

Your administration’s current economic recovery program has been marked by four major failings:

Monetary Policy’s Role in America’s Economic Recovery

  • By Joseph Gagnon, Peterson Institute for International Economics
September 6, 2010

At this year’s Jackson Hole conference for central bankers, Fed Chairman Ben Bernanke admitted that the economic recovery so far this year has been “somewhat less vigorous than we expected,” but he expressed hope that the economy would return to a more satisfactory growth rate next year.  Considering that the Fed was already projecting a markedly slower recovery than America experienced after previous deep recessions, the Fed’s economic objectives are far too modest.  Ideally, the US economy should be growing at a 5 percent rate in 2010 and 2011 to recover lost ground and get work

Inside the Knockoff-Tennis-Shoe Factory

  • By
  • Nicholas Schmidle,
  • New America Foundation
August 20, 2010 |

A shopkeeper in Italy placed an order with a Chinese sneaker factory in Putian for 3,000 pairs of white Nike Tiempo indoor soccer shoes. It was early February, and the shopkeeper wanted the Tiempos pronto. Neither he nor Lin, the factory manager, were authorized to make Nikes. They would have no blueprints or instructions to follow. But Lin didn’t mind. He was used to working from scratch.

Central Asia's New Silk Roads

  • By
  • Parag Khanna,
  • New America Foundation
August 12, 2010 |

The fate of the massive deposits of lithium recently discovered in Afghanistan is destined to be no different from that of landlocked Central Asia’s other natural resources: tapped by the West, and eventually controlled by the East.

Siberian timber, Mongolian iron ore, Kazakh oil, Turkmen natural gas and Afghan copper are already channeled directly to China through a newly built East-bound network that is fueling the rapid development of the world’s largest population.

Likely Impact of the U.S.-Colombia Trade Promotion Agreement on Workers

  • By
  • Lauren Damme,
  • New America Foundation
August 2, 2010 |

This brief explores the impacts of the trade promotion agreement (referred to as the FTA) between the U.S. and Colombia on labor and labor rights in Colombia and offers policy recommendations to Congress and the Administration. The report first provides an overview of the labor situation in Colombia, drawing upon interviews with NGOs, advocacy organizations, academic experts, government officials, and labor representatives in both Colombia and the United States.

The Colombia Free Trade Pact is Bad Policy

  • By
  • Lauren Damme,
  • New America Foundation
August 2, 2010 |

Earlier this month, President Obama stated that he would push forward the Colombia Free Trade Agreement, along with those of Panama and South Korea, “as soon as possible.” This announcement came amid a concerted White House effort to appear more pro-business and was touted as an important step to fulfilling the president’s promise to double exports within five years.

Renewable Energy Cannot Drive the Recovery

  • By
  • Samuel Sherraden,
  • New America Foundation
July 28, 2010

The promotion of the renewable energy industry is central to the Recovery Act and the Obama administration's broader economic recovery program, but it is unlikely to create enough jobs or have a large enough domestic multiplier effect to contribute significantly to the economic recovery. It reflects an ambition to transform the economy into a green energy leader of the 21st century and tackle climate change. But these investments are a questionable short- or medium-term generator of growth and jobs.

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