In The News

US Backs Down Over Free Trade in Americas

Guy de Jonquières November 17, 2003
The Free Trade Area of the Americas (FTAA) agreement will come under debate in Miami on Thursday. Each of the nations involved is working hard in the days leading up to the negotiations to push its particular vision of what the agreement should look like or whether there even should be a regional trade area in the Americas. The US has advocated a more extreme version of liberalization than what...

Europeans Need Clearer Vision to Revive WTO Talks

Shada Islam November 14, 2003
The US and the European Union helped derail negotiations at the Cancun meeting of the World Trade Organization by refusing to end subsidies to their farmers. Although European leaders talk of building a multi-polar new world order, says Shada Islam, their stand at the WTO betrays a reluctance to deal with the developing world as equals. The deal the European Union struck with Washington is...

Antiglobalism's Jewish Problem

Mark Strauss November 12, 2003
Anti-Semitism is again on the rise, says Mark Strauss, a senior editor for Foreign Policy. Globalization is being pinned on the Jews – the traditional 'villain' of capitalism – and thus the Jewish people are being blamed for all perceived negative effects of increased market integration, Strauss writes. In the Middle East especially, where economies are stagnant everywhere but Israel,...

US Loses WTO Steel Appeal

David Roeder November 11, 2003
A trade war could erupt if US President Bush fails to accept a World Trade Organization ruling that American steel tariffs are illegal. The EU and Japan said they would impose as much as $2.3 billion in sanctions on U.S. products including tobacco, fruit juice, and frozen peas unless Bush complies with the WTO ruling. Bush originally ordered the steel tariffs 20 months ago in order to give the...

The Future of Migration - Part Two

Lant Pritchett November 9, 2003
In Part II of a two-part series on the future of migration, economist Lant Pritchett argues that the forces building up to another wave of mass migration face opposition in the form of ideas. Simply put, he says, "the primary reason there is not more migration is that the citizens of the industrialized world don't want it." People in the industrialized world - the main...

A Winter of Discontent?

Robert A. Kapp November 3, 2003
The recent trade and currency disputes between the United States and China have given some in Washington the impression that a crisis is developing in US-China relations. The entire US Congress seems to be raging about China's unfair trade policies and manipulation of its currency. Robert A. Kapp, the President of the US-China Business Council, says here that the current stable US-China...

Mysteries of Trade Diplomacy

Ernesto Zedillo November 3, 2003
A month before the World Trade Organization (WTO) trade talks at Cancún, the US joined the European Union in favoring "perpetual agricultural protectionism." Consequently, when trade negotiators met in September in Cancún, the joint US-EU proposal did not seek to eliminate export subsidies. Instead, it aimed to provide legal support for agricultural protectionism. Zedillo argues that...