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. […]
Global 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. […]
Exchange Rates and the Crisis: The Dog That Didn’t Bark
During the financial crisis, exchange rates adjusted in a remarkably orderly way. Policy makers should be aware, however, that severe exchange rate tensions still require their attention. […]
Doll(ar)-Drums?
While China’s role in global trade is continuing to grow, the dollar, not the yuan or the euro, will remain the world’s leading reserve currency for the foreseeable future. […]
Migrants and the Global Financial Crisis
Migrants are economic assets for both their host and home countries, but they are disproportionately affected by the global financial crisis. Temporary migration programs and collaboration with migrant-sending countries can help maximize the economic benefits of migration, even in times of crisis. […]
Keynes at Home, Smith Abroad—the Right Approach?
Leading economists describe the 2007-2009 economic crisis as the worst since the Great Depression, causing regulators worldwide to question the system that has drive the world’s economy for the past two decades. […]
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. […]
Crisis, Protectionism, and Doha—What Future for the WTO?
The financial crisis underscored the importance of the World Trade Organization in warding off protectionism, but as the WTO is increasingly bypassed in trade reform, questions arise about its role in world trade. […]
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. […]