Trade

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.

See more in United States; China; Globalization; Trade

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

Article

Trade, Social Preferences and Regulatory Cooperation

Authors: Thomas J. Bollyky and Petros C. Mavroidis
Columbia Law School, Center for Law and Economic Studies

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

Article

Relations in "Kim Jong Un's Era"

Authors: Scott A. Snyder and See-won Byun
Comparative Connections

China-South Korea tensions rose with the announcement of the U.S.-South Korea alliance decision to deploy the THAAD missile defense system in South Korea and South Korean protests against illegal Chinese fishing. Exclusive economic zones (EEZs) remain another point of China-South Korea tension. Although China and South Korea seek to advance trade within various frameworks, such efforts only highlight a widening gap between the economic and political aspects of their relationship. Current security priorities require effective approaches to both immediate differences over THAAD and EEZs and longer-term preferences over how to effectively promote lasting stability on the Korean Peninsula, write Snyder and See Won Byun, PhD candidate in political science at the George Washington University.

See more in China; South Korea; Defense and Security; Trade

Article

The TPP Debate Has Devolved Into Generalizations. What’s Actually in the Deal?

Author: Edward Alden
World Politics Review

U.S. President Barack Obama has promised to continue his push for Congress to approve the Trans-Pacific Partnership (TPP), despite firm opposition to the free trade agreement from both of the major candidates for president, including his former secretary of state, Hillary Clinton. “Right now, I’m the president and I think I’ve got the better argument,” he told reporters following a meeting Tuesday with Singapore’s prime minister, Lee Hsien Loong.

See more in United States; Trade; Treaties and Agreements