Later this month, China and 15 other nations will begin negotiations for a possible new trade agreement. This agreement, the Regional Comprehensive Economic Partnership, could encompass 28 percent of the global economy, to the benefit of all nations involved. These negotiations reflect a worldwide trend of bilateral and multilateral trade …
Trade policy with China was again front and center in last night’s presidential debate, with President Obama defending his Administration’s trade policies. In particular, the President highlighted the number of cases his Administration has prosecuted at the World Trade Organization (WTO) as his signature trade achievement: [We] set up a …
In his October 1 speech to the 45th Annual Meeting of the Association of American Chambers of Commerce in Latin America, World Bank President Jim Yong Kim made his pitch to (re)assure private business leaders that he is serious about private-sector-driven economic growth and development. In a rather confessional tone, …
Harvard economist Larry Summers claims in The Washington Post that aggressive fiscal austerity in the U.K. is the primary cause of its continued economic stagnation. But the former Obama advisor understates both the necessity for a credible British fiscal plan in 2010 and the structural factors that have been a …
China (GDP: $5.9 trillion) overtook Japan ($5.5 trillion) as Asia’s largest economy in 2010. Despite its rapid growth and much larger population, however, China’s economy still remains less than half the size of the U.S. ($14.6 trillion). Recent reports indicate that China’s economy has been showing signs of slowing, further …
Last week, Pascal Lamy, chief of the World Trade Organization (WTO), gave a stark warning that rising protectionism is a serious threat to global economic recovery. Indeed, not too long ago, The Heritage Foundation’s Center for International Trade and Economics also counseled that “global trade freedom needs a boost.” We …
China has the world’s second-largest GDP, the world’s largest monetary base, and the world’s largest foreign exchange reserves. Its large internal and external economic imbalances can matter a great deal to the global economy. There are claims China is now rebalancing. It isn’t. Claims of rebalancing are based on the …
The People’s Republic of China’s (PRC’s) relationship with Iran receives a good deal of attention. As the U.S. considers how to stop Iran’s nuclear weapons program short of military action, the PRC is considered vital in ensuring economic sanctions are effective. But it has been difficult to win Chinese cooperation …
