What do the dollar's role and value mean for U.S. foreign policy?
The dollar's reign looks likely to continue for a while, but it is not a very resounding victory.
It would be an enormous mistake to defund political science research.
Has the dollar stabilized, or is there risk of a further plunge in its value?
The recent up and down of the dollar does not mean there are malevolent forces at work. It does raise serious questions about what comes next.
New market access was not a principal Peruvian goal in the United States-Peru Trade Promotion Agreement; rather, the agreement was intended to encourage investment by locking in Peru's economic reforms.
Did President Obama deserve the prize? If it is to recognize a record of accomplishment, then he does not.
Right now, even if the IMF or the World Bank were to call out, key constituencies are not listening.
The GDP numbers show the vital role that trade has played in countering the nation’s economic ill health.
President Obama's decision to slap tariffs on low-end Chinese tires will hurt our relations abroad without helping American workers or customers.
America's fevered health care debate has begun to spread around the world like a virulent pathogen.
In its first six months in office, the Obama administration has offered contradictory signals on trade.
Both at home and abroad, personal admiration for Obama has to be balanced against concerns about what his policies will do the pocketbook.
President Barack Obama is relatively immune to attacks that he is soft on China's currency; he is not lacking in his desire to bring change, he is just more credible than his predecessor when he says he cannot.
The first stimulus was controversial among economists; it seemed to discard a great deal of what had been learned about macroeconomics in recent decades. The calls for a second stimulus seem to discard logic altogether.
The Obama Administration last week launched a new World Trade Organization case against China.
The meeting between President Obama and South Korean President Lee Myung-Bak was cordial, but everyone had to tiptoe around the elephant in the room: the Korea-U.S. Free Trade Agreement.
The government has just pumped into GM more than five times what the company was worth to its owners over the last decade. Will U.S. taxpayers ever get their money back?
The Obama administration's entanglement in the GM bankruptcy has violated some important tenets of our international trade policy.
Is there any difference between cap-and-trade and a carbon tax?
Serious trouble with China is brewing in the more obscure reaches of U.S. commercial policy.
For the second time in a week, the Obama administration has discarded a major campaign pledge on international economic policy.
Large U.S. trade deficits have been central to demands for change in trade policy.
The G20 summit did little harm, but it did little to save the world, either. Leaders did not come to terms on fixing the banks, and until that happens, the world economy will continue to stagger along.
China is looking for an extraterrestrial currency.
Without bankruptcy, it is hard to avoid rewarding failure.
Rising protectionism is even worse than leading multilateral institutions say it is.
Who could have predicted the Obama administration would berate Europe over insufficient enthusiasm for domestic spending?
The global crisis has significantly weakened both the traditional allies of the United States and those nations with whom there has been disagreement.
The government bond market is now giving the Obama budget plan a decided thumbs-down.
The Chinese government is sitting on a mountain of international reserves whose value is increasingly tenuous.
Politicians are ignoring the trade implications of the auto bailout, even for the car companies themselves.
President Barack Obama got the stimulus plan that he wanted--but at potentially a very high cost.
Without introducing any new plans, President Obama made the case for the stimulus bill as best he could.
From China's currency to "Buy American" provisions in the stimulus, the Obama administration has dug itself into a number of trade policy holes in just a few weeks.
There are reasons besides partisan rancor why Republicans might hesitate to support the $819 billion stimulus bill.
The current U.S. stimulus package marks a new blow to international coordination.
The "Buy American" clause of the proposed economic stimulus bill is protectionism.
The stimulus plan is bad news.
According to Barack Obama, $1.2 trillion in deficit spending leaves us in despair, but $1.6 trillion in deficit spending brings prosperity.
Global economic recovery will depend on whether the Obama administration reverses his campaign rhetoric and early governance signals on trade issues.
Declaring bankruptcy is the least bad option for the Big Three automakers.
Resting on our trade laurels not only would forego future gains, but would threaten the trade gains of the postwar era that we currently enjoy.
The number of U.S. politicians willing to speak clearly and forthrightly about free trade is depressingly small.
A new proposal to launch a U.S. Public Service Academy has drawn much attention. Two essays provide a provocative look at this ambitious policy proposal.
AEI Online
March 26, 2008
Progress may not be observable in the earliest stages of democracy.
Barack Obama's criticism of the North American Free Trade Agreement reflects either a willful disregard of the facts or a poor command of economics.
Robert Zoellick is off to a promising start as World Bank president.
The free trade agreements with Panama, Peru, Colombia, and South Korea are immensely important for U.S. foreign policy and in spurring economic growth.
Our trade debate with China has taken a turn for the absurd.
If Congress wants to show China the United States is serious, it should focus on domestic issues like reducing the federal deficit.
The United States and China enjoy a mutually beneficial economic relationship. Aggressive U.S. diplomatic policy toward China could hurt this.
What is next for U.S. trade policy?
The World Bank needs strong leadership, not timidity.
Who are the staunch defenders of corruption at the World Bank? Why are they so opposed to an alternative?
Should the World Trade Organization be responsible for intellectual propertyproblems between the United States and China?
The U.S. Public Service Academy is an idea whose time has never come.
The People's Republic of China late last week gave private property equal legal status to state property in order to bolster China's market reforms.
Clear objectives and structured priorities will make America's aid dollars go farther.
Philip I. Levy responds to Peter Coy and Vladimir Masch in an online debate about trade, regulation, and globalization
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