Trade

Article

Trade, Social Preferences and Regulatory Cooperation

Authors: Thomas J. Bollyky and Petros C. Mavroidis
Journal of International Economic Law

Global value chains have changed the way that the world trades. The World Trade Organization (WTO) should embrace the confluence of shared social preferences and trade, where it may exist such as digital trade, food and drug safety, and climate smart-agriculture, as a motivation for advancing international regulatory cooperation. To do that, changes to the corporate governance of the WTO are needed to facilitate the use of plurilateral agreements and to multilateralize progress already occurring bilaterally and regionally.

See more in Global; Trade; International Organizations and Alliances

Article

Trump May Threaten a Trade War Over NAFTA, but His Options Are Limited

Author: Edward Alden
World Politics Review

When then-President Bill Clinton signed the North American Free Trade Agreement in a White House ceremony in December 1993, he called it “a defining moment” for the United States and praised Mexico and Canada as “our partners in the future that we are trying to make together.” All three countries had made what then seemed like an irreversible decision to marry their economic futures. Yet today, less than a quarter-century later, those bonds are badly fraying.

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News Release

U.S. Has Failed to Ease Adjustment to Globalization and Free Trade, Says Alden in New Book

In Failure to Adjust: How Americans Got Left Behind in the Global Economy, Council on Foreign Relations Bernard L. Schwartz Senior Fellow Edward Alden explains why the political consensus in support of trade liberalization has collapsed, and how to correct the course.  The United States has contributed more than any other nation to writing the rules that created the competitive global economy of today, helping support stronger growth in much of the world. Yet successive U.S. administrations have done far too little to help Americans succeed under those rules, says Alden.

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Op-Ed

The Government Failed U.S. Workers on Global Trade. It Must Do Better on Technology.

Authors: Vivek Wadhwa and Edward Alden
The Washington Post

“Much more even than globalization, technology is going to create upheaval and destroy industries and jobs. This can be for the better, helping us create new and more interesting jobs or freeing up time for leisure and artistic pursuits. But unless we find ways to share the prosperity and help Americans adapt to the coming changes, many could be left worse off than they are,” argue Vivek Wadhwa and Edward Alden. 

See more in United States; Trade; Technology and Science