The latest study by the McKinsey Global Institute reveals some astonishing facts concerning contributions of U.S. global companies to the American economy. According to the report: With their share less than ONE percent of the total number of U.S. companies, U.S. international companies employ almost 20 percent of the U.S. …
They are getting together again. This weekend in Toronto, Canada, President Obama and German Chancellor Merkel reconvene at the G-20 Summit to figure out how to move the global economy forward. The two leaders are indeed extraordinary and remarkable in many ways. President Obama is the first African American President …
In a June 5 communiqué, G-20 Finance Ministers collectively recognized that, recent events highlight the importance of sustainable public finances and the need for our countries to put in place credible, growth-friendly measures, to deliver fiscal sustainability, differentiated for and tailored to national circumstances. The words “differentiated for and tailored …
While many parts of the globe celebrate the 2010 World Cup, Canada is quietly showing off its competitive edge in another world cup by advancing policies that promote freer trade and economic freedom. Canadian lawmakers recently scored a nice goal by approving a free trade pact with Colombia, a move …
In a rather confessional tone, Jeffrey Sachs declared in his recent op-ed: The global fiscal stimulus championed last year by the Obama administration is coming undone, repudiated by the same Group of 20 that endorsed it last year. Now, against a backdrop of a widening sovereign debt crisis, we need …
In remarks on World Environment Day, the Director-General of the World Trade Organization (WTO), Pascal Lamy, pointed out that, “Trade opening has much to contribute in the fight against climate change and to the protection of the environment.” Indeed, the most practical improvements in energy efficiency and protecting the environment …
Trade critics charge that free trade damages U.S. firms and workers. It’s true that individuals can experience trade-related job loss. Balanced against that, however, must be the overall gains in U.S. employment and productivity that stem from an open trading environment. Indeed, free trade fosters economic efficiency, which is the …
