Trade

Op-Ed

A Skewed Blame Game

Author: Jagdish N. Bhagwati
India Today

When the WTO talks among the G-4—the United States, the European Union, India and Brazil—collapsed last month, US Trade Representative Susan Schwab squarely laid the blame on India as the villain of the piece. Jagdish Bhagwati argues that US and EU agricultural subsidies are the real culprits.

See more in India, Trade, WTO

Council Special Report No. 30

The Case for Wage Insurance

Author: Robert J. LaLonde

A flexible labor market and an open economy are crucial to economic competitiveness, but can sometimes cause prime-aged and older workers to suffer large, long-term income losses. This report explains why existing government programs, which emphasize retraining and insurance for short-term job loss, don't assuage workers' fears about globalization. It also proposes a shift of resources from existing programs to wage insurance.

See more in United States, Business and Foreign Policy, Labor, Trade