With the Doha trade round in danger of slipping from our grasp, it has become commonplace to assert that the food crisis, while a tragedy, is a shot in the arm for the talks. In this Financial Times op-ed, Jagdish Bhagwati and Arvind Panagariya find that only one such argument passes muster—the fact that high food prices should soften U.S. opposition to lower agricultural subsidies, thereby relaxing key constraints on the final compromises necessary to reach an agreement on agricultural liberalisation.
EU policymakers debate cutting farm subsidies as legislators on both sides of the Atlantic consider how trade distortions fit into the global food crisis.
Sino-Gulf trade is booming as the world's two most liquid economies create a host of new alliances that are shifting the world's economic center of gravity
James Surowiecki writes that despite the Democratic presidential candidates' negative rhetoric on free trade, average Americans have generally benefited from free trade with China "in the sense that it's made their dollars go further than they otherwise would have."
The Wall Street Journal says anti-free trade activists and labor unions have pressured Sen. Barack Obama (D-IL) into committing to making various pro-labor trade reforms. Business interests are concerned that these new requirements could "make it impossible for the U.S. to sign trade deals with developing countries such as Egypt, Pakistan and India that have growing markets but lousy labor records."
T.A. Frank looks back on his experience as a factory inspector for a "corporate social responsibility monitoring" firm. He wonders if the Democratic candidates' proposals for tougher labor standards in free trade agreements are enforceable.
South Asia expert Bruce Riedel sees the continuing development of U.S.-India ties as a major accomplishment of President Bush, who has built on steps taken by his predecessor.
Pennsylvania voters have made their choice in the Democratic primary, and like other U.S. states economic concerns continue to be the dominant theme in this election.
Beijing’s hunger for commodities has brought a trade boom with Australia and New Zealand, but protectionist concerns could block further liberalization.
Many analysts say NAFTA has not had as devastating an impact on the U.S. job market as the Democratic candidates claim, the New Republic reports. Still, John Judis writes, the trade agreement has stressed the U.S. work force by driving up illegal immigration to the United States.
Robert Scott of the Economic Policy Institute and Daniel Ikenson of the Cato Institute debate how the next U.S. president should deal with China on trade.
The Council on Foreign Relations' David Rockefeller Studies Program—CFR's "think tank"—is home to more than seventy full-time, adjunct, and visiting scholars and practitioners (called "fellows"). Their expertise covers the world's major regions as well as the critical issues shaping today's global agenda. Download the printable CFR Experts Guide.
Special operations play a critical role in how the United States confronts irregular threats, but to have long-term strategic impact, the author argues, numerous shortfalls must be addressed.
The author analyzes the potentially serious consequences, both at home and abroad, of a lightly overseen drone program and makes recommendations for improving its governance.
Two experts argue that despite myriad development strategies, only one can succeed in alleviating poverty in India: the overall growth of the country's economy. More