In The News

Financial Times: Trump Team Looks to Bypass WTO Dispute System

Shawn Donnan and Demetri Sevastopulo February 28, 2017
The United States is searching for legal ways to impose unilateral trade sanctions against some countries, including China, as faster and more direct alternatives than the World Trade Organization’s dispute settlement process. “Since being established in 1995 the WTO has become the pre-eminent venue for resolving trade fights between member countries, which its proponents say has helped prevent...

Times of India: Soothing Balm

Nayan Chanda February 11, 2017
The Trump administration has shown a pattern on foreign policy – blunt statements that upend long-held policies followed by members of his cabinet and other representatives hurrying to backtrack and reassure global partners. Before entering office, Donald Trump mentioned that the One-China policy might be a bargaining chip, annoying China, before walking that back. Analysts expect China to test...

Promises Trump Can’t Keep

Nayan Chanda November 28, 2016
US President-elect Donald Trump made big promises on trade and jobs that will be tough to keep without wrecking key industries along with the global economy. Essentially, he suggested that he could restore US manufacturing jobs by blocking new trade deals like the Tans-Pacific Partnership and walking back on old deals like the North Atlantic Free Trade Agreement. The plan has problems. Such trade...

The Losers of Deglobalization

Pierpaolo Barbieri November 22, 2016
Brexit and Donald Trump’s presidency both rode to success on a wave of nationalistic fervor, based on the view that globalization on balance harms the UK and the US. Yet the histories of those countries demonstrate that economic protectionism can lead to political instability and worse, total war. In the 1930s, devaluation of British and American currencies, in the aim of making their own goods...

Crazy Campaign Ends With Upset, and Hard Work of Governing Begins

David Dapice November 10, 2016
US voters elected Donald Trump as the 45th president of the United States, and globalization was pummeled. The United States is deeply divided over policies on trade, immigration and alliances for financial, environmental and national security. Democracy was tarnished, too as some politicians threaten US governance by refusing to compromise. Economist David Dapice reviews the many challenges...

US to OPEC: Don’t Drill, Baby, Don’t Drill

Keith Johnson October 6, 2016
Economic and political concerns influence US responses to a potential slowdown in oil output from the Organization of Petroleum Exporting Countries. The Trump campaign advocates for more drilling and fewer regulations to increase jobs in America’s oil-producing heartland. Not everyone would benefit: “what’s good for the goose in the oil patch and parts of many red states, may not be good for the...

US Presidential Debate Stirs Worries in Asia

September 27, 2016
The outcome of the US presidential election could shift global fortunes, and the first debate between Hillary Clinton and Donald Trump revealed sharp contrasts. “Mr. Trump has drawn attention for challenges to the Asia security and trade architecture that has girded U.S. alliances with Australia, Japan, South Korea and the Philippines for decades and more recently acted as a hedge against China’s...