Trade

Foreign Affairs Article

NAFTA's Unfinished Business

Author: Michael Wilson

In 1992, when Canadian Prime Minister Brian Mulroney sat down with Mexican President Carlos Salinas and U.S. President George H. W. Bush to sign the North American Free Trade Agreement, free trade was still a matter of fierce national debate in Canadian politics.

See more in Canada; Trade

Foreign Affairs Article

Mutual Assured Production

Author: Richard Katz

Tensions between China and Japan are rising, but an economic version of mutual deterrence is preserving the uneasy status quo. Put simply, China needs to buy Japanese products as much as Japan needs to sell them.

See more in China; Japan; Trade

Foreign Affairs Article

Gangster's Paradise

Author: Peter R. Andreas

Despite media hoopla, cross-border crime -- illegal drugs sales, evasion of taxes, intellectual property theft, and money laundering -- is hardly a new phenomenon. For much of history, moreover, the United States was as much perpetrator as victim. Recognizing this awkward truth should help cool down overheated debates about today's transnational problems and how to respond to them.

See more in Trade; Transnational Crime

Foreign Affairs Article

Trading Up in Asia

Author: Bernard K. Gordon

The Trans-Pacific Partnership, a massive multilateral trade agreement now in the works that focuses on the Asia-Pacific region, could add billions of dollars to the U.S. economy and solidify Washington's commitment to the Pacific. But if the Obama administration fails to calm critics of the deal, there is a growing possibility that it could collapse.

See more in Asia and Pacific; International Finance; Trade

Foreign Affairs Article

Losing Controls

Author: Mitchel B. Wallerstein

Strict export restrictions are making U.S. businesses less competitive and the country less secure. Policymakers must craft new regulations to help, rather than harm, U.S. interests.

See more in Trade; United States

Foreign Affairs Article

Low and Behold

Author: Edward L. Morse

Despite common assumptions, oil prices are likely to remain low for a while: key producers, especially Saudi Arabia, have been boosting their production, and demand growth in top consumers like the United States and China will be more modest than expected.

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Foreign Affairs Article

Has Globalization Passed Its Peak?

Authors: Rawi Abdelal and Adam Segal

Not long ago, the expansion of free trade worldwide seemed inevitable. Over the last few years, however, economic barriers have started to rise once more. The forecast for the future looks mixed: some integration will probably continue even as a new economic nationalism takes hold. Managing this new, muddled world will take deft handling, in Washington, Brussels, and Beijing.

See more in Trade; Globalization; Global