In a Brookings blog post, Geoffrey Gertz picks out five salient facts about the United States-Mexico-Canada Agreement, or USMCA. The trade deal replaces the North America Free Trade Agreement, and while it will be officially signed by the three heads of state on December 1, it will only become law...
The American outcry about outsourcing stems not just from job loss, but also from the politician's favorite platitude - trade. According to Princeton historian, Harold James, ascribing job loss to trade is fraught with complications. Moreover, from a historical point of view, it is a recurring...
Port of New Orleans in 1884: Trade then was in high-value products like sugar and coffee, not in technology-driven services.
PRINCETON: When Greg Mankiw, the chairman of President Bush's Council of Economic...
The recent end of the textile quota regime introduced freer trade to the global market. Predictably, nations who stood to lose market share - mostly to China - have cried out in anguish. According to Linda Lim, restricting Chinese exports is a short-sighted and ineffective strategy: "One...
Sewing up victory: By smart investment, modernization and management China is set to dominate world textile market
ANN ARBOR, Michigan: The January 2005 termination of the three decades-old textile quotas have been met with...
After World War II amid a scramble for allies, the US chose Pakistan over India. Pakistan’s economy was more promising than India’s in the 1960s, but there’s been a reversal of fortunes since, suggests Lawrence Wright in an essay for The New Yorker. India emerged with a strong economy and democracy...
Click here for the article in The New Yorker.
Growing Chinese economic clout combined with a sympathetic diplomatic posture has helped reorient the power structure of Southeast Asia toward China. A China-led Pacific trade network of port cities, stretching from Australia to India, echoes “pre-colonial 'Maritime Asia,'” explains...
Winning friends, influencing people: Chinese Premier Wen Jiabao arrives in the Philippines to attend the Association of Southeast Asian Nations summit in January 2007
WASHINGTON, DC: Although the balance of power in Asia...
尽管一些发展中国家领导人可能会公开谴责全球化不过是剥削的代名词，但世界银行首席经济学家林毅夫却指出，当今世界各国之间的联系是如此紧密，任何国家的发展都无法背离全球化这一主题。事实上，发展中国家要想成为全球化的受益者，就必须以史为鉴，尤其是在如何成功运用比较优势原理方面要充分汲取历史的教训。在这方面，中国、印度和孟加拉国都是值得借鉴的例子。这三个国家以不同的方式——分别发展了轻工业、软件外包业和服装制造业——成功地利用了充足的劳动力去克服资本短缺这一不足。然而，尽管对于一国而言，要成为全球化的受益者，就必须开发利用自身的比较优势，但仅仅做到这一点还不足以达到目的，...
世界经 济刚刚经历了一场严重衰退，与之相随的是金融市场的动荡不安， 财富大规模缩水，以及工业生产和全球贸易的下滑。根据国际劳工组织（简称ILO）的预测，2009年劳动力市场的持续恶化将可能导致全球失业人数比 2007年时增加3900万，达到6100万。到今年年底，全球范围内的失业人数将可能在2.19亿到2.41亿之间，创下历史新高。
与此同 时，尽管种种迹象表明经济可能在复苏，但全球实际工资的增长速率，在2008年大幅减缓后，预计在2009年将会继续下滑。对有相关数据可考的53个国家...
As oil prices climb, researchers and communities scramble for substitutes, including geothermal energy. Producers run pipes deep below the ground, with its constant temperature, and a system relying on a mixture of water and ammonia maximizes power generation. “Geothermal energy has one big...
Click here to read the article from Spiegel Online.