Tyler Cowen points out that America has three things going for it, export-wise: computerization is making manufacturing wages irrelevant; fracking technology is addressing energy issues; and an increasingly wealthy rest of the world can afford to buy American goods.
The U.S. move to launch a case against China at the WTO over its cap on exporting rare earth metals is the latest international effort to hold China accountable to international trade standards, explains CFR's Elizabeth Economy.
Trade accounts for an increasing portion of the U.S. economy, and the Obama administration has embraced a ramped up export strategy. But debate persists over the merits of a vigorous free trade agenda.
Foreign Policy's Clyde Prestowitz writes that the United States shouldn't pretend China is interested in free trade. China's neo-mercantile policies have precedent in Japan, South Korea, Brazil, Germany, and large portions of the rest of the world, he writes--why should China be avoiding the fiscal gray areas that have worked for others?
David Marchick calls for new U.S. government efforts to increase the small share of Chinese direct investment in the United States, including combating perceived prejudices, removing policy impediments, and encouraging U.S. businesses to partner with their Chinese counterparts.
Senator Ron Wyden and Representative Darrell Issa proposed on January 18, 2012, the Online Protection and Enforcement of Digital Trade Act (OPEN) as an alternative for SOPA and PIPA, two Congressional bills related to intellectural property online that opponents said compromised free speech, innovation, access to information online, and the infrastructure of the Internet. In 2013, the House introduced Cyber Intelligence Sharing and Protection Act (CISPA).
President Obama's plans for a consolidated trade and commerce department underscores his goal of doubling U.S. exports by the end of 2014, but some question how creatinga larger organization will increase efficiency.
Russia's pending membership in the World Trade Organization could alter its global economic standing and boost trading partners. But experts say Moscow must restructure its economy to benefit from joining the club.
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.
The authors argue that it is essential to begin working now to expand and establish rules and norms governing armed drones, thereby creating standards of behavior that other countries will be more likely to follow.
The author examines Pakistan's complex role in U.S. foreign policy and advocates for a two-pronged approach that works to quarantine threats while integrating Pakistan into the broader U.S. agenda in Asia.
Learn more about CFR’s mission and its work over the past year in the 2014 Annual Report. The Annual Report spotlights new initiatives, high-profile events, and authoritative scholarship from CFR experts, and includes a message from CFR President Richard N. Haass. Read and download »