The Myths About China’s Currency
The debate over China’s currency propagates dangerous myths about both the Chinese economy and the potential benefits of a more expensive renminbi for the United States. […]
International Trade
Can the United States Double Exports in Five Years?
Exports have become an important contributor to U.S. growth in recent years and will be crucial to the recovery. President Obama’s recently announced target of doubling exports in five years, however, appears overly ambitious. […]
Bilateral U.S.-China Imbalances Not the Issue
The recent emphasis on the trade imbalance between the United States and China—which was high on President Obama’s agenda in Asia this week—is largely misplaced and diverts attention from more pressing domestic problems. […]
WTO Reform: The Time to Start Is Now
As economic crisis and burgeoning protectionist pressures demonstrate the urgency of strengthening trade rules, questions arise about the limitations of the World Trade Organization. The WTO needs to be reformed to be effective and remain relevant. […]
Regional Arrangements in the Arabian Gulf
The economic success of Gulf regional integration depends on increased cooperation within the service sector and improved administrative capacity in GCC countries. […]
The Threat of Protectionism
The economic crisis may force policy makers to revise their view that open borders are a good thing. Now is the time to take bold steps to forestall a protectionist resurgence. […]
Resurgent Protectionism: Risks and Possible Remedies
Aggressive action is needed to address the global financial crisis, but bailouts could—if not orchestrated carefully—provoke a devastating global trade war. Leaders at the G20 meeting on April 2 must devise a coordinated and transparent plan to re-ignite growth and avoid a resurgence of protectionism. […]