Trade

Op-Ed

Doha - The Last Mile

Authors: Jagdish N. Bhagwati and Arvind Panagariya
New York Sun

In this New York Sun op-ed, Jagdish Bhagwati and Arvind Panagariya make the case for optimism on the Doha Round. A compromise is possible if the U.S. agrees to cap trade-distorting subsidies at a minimum of the current payouts and India agrees to a downscaling of the Special Safeguard Mechanism.

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Op-Ed

The Selfish Hegemon Must Offer a New Deal on Trade

Author: Jagdish N. Bhagwati
Financial Times

As in the 1980s, the United States is once again a fearful giant.  In this Financial Times op-ed, Jagdish Bhagwati writes that only an agenda for institutional change that addresses the fragility of jobs and enables workers to face new uncertainties has a chance of returning trade policy to sanity.

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Op-Ed

Democrats Once Did Free Trade

Authors: Amity Shlaes and Douglas A. Irwin
Wall Street Journal

The failure of the Doha Round does not call for despair, but turning talks into agreements will require leadership that can endure a long, lurching process, without instant success. In this Wall Street Journal op-ed, Douglas Irwin and Amity Shlaes point to Cordell Hull, Secretary of State from 1933 to 1944, as a model for leadership on trade.

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Other Report

Trade Liberalization: Cordell Hull and the Case for Optimism

Author: Douglas A. Irwin

The news that the Doha Round of the World Trade Organization has broken down in Geneva has made many Americans pessimistic about the future of multilateral trade agreements. In this Center for Geoeconomic Studies Working Paper, Douglas A. Irwin makes the case for optimism and argues that the key to advancing the free-trade cause is political leadership of the sort demonstrated by a heroic but near-forgotten figure, the late secretary of state Cordell Hull of Tennessee. Irwin traces Hull’s path through the decades and shows how his legacy lights the way for leaders of both political parties.

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Op-Ed

How the Food Crisis Could Solve the Doha Round

Authors: Jagdish N. Bhagwati and Arvind Panagariya
Financial Times

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.

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