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    Apple Wins Latest Round Against Samsung Thanks to the Obama Administration

    Apple achieved another protectionist victory Tuesday in its ongoing battle with South Korea’s Samsung when the Obama Administration decided not to veto an import ban on certain older model Samsung smartphones and tablets. This would not have been news except for a recent Administration decision to veto a similar ban … More

    Free Trade Leadership: Not Made in America

    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 … More

    Debate on Trade: It Isn't Just About How Many Cases You Bring to the WTO

    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 … More

    CHART: Banking on the Private Sector

    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, … More

    Why Larry Summers Is Wrong About the British Economy

    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 … More

    U.S. Falls in World Economic Competitiveness Rankings

    The United States’ competitive edge in the global economy is not what it used to be. The World Economic Forum (WEF) reported that the U.S. dropped from fifth to seventh place—the fourth consecutive year it has fallen in the rankings. Chief among the reasons is the one-two punch of skyrocketing … More

    Can Asia’s Biggest, Baddest Economy Conquer the U.S.?

    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 … More

    Italian Prime Minister Warns of EU Collapse

    In an interview with Germany’s Der Spiegel magazine on Sunday, Italian Prime Minister Mario Monti warned of the “psychological break-up” of Europe if the euro crisis is not soon resolved. To which there is only one thing to say: The European Union has been a schizophrenic construct from the very … More

    Time to Safeguard Ourselves from Rising Protectionism

    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 … More

    China Not Yet Rebalancing

    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 … More