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Trade Liberalization: Cordell Hull and the Case for Optimism

by 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.
Article

Afghanistan: The Case for Optimism

by Max Boot
Max Boot says a strategy that focuses on defeating the Taliban and reducing the corruption that allows them to thrive can produce victory in Afghanistan.
Op-Ed

Doha - The Last Mile

by Jagdish N. Bhagwati, Arvind Panagariya
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.
Transcript

Despite Growing Opposition, AKP Remains the Dominant Force in Turkish Politics

with Steven A. Cook, Henri J. Barkey, Jonathan Tepperman
In the past year, Turkey's prime minister Recep Tayyip Erdogan and his ruling AKP party have faced mass protests in Istanbul and other major cities, a widely publicized corruption scandal with deep roots in the party leadership, and a backlash over attempts to censor Twitter and other media. Despite these scandals and growing dissatisfaction with his administration, the AKP managed to win a plurality in the most recent municipal elections.
Transcript

Media Call with Benn Steil on European Central Bank Meeting

with Benn Steil, Neil Irwin
Ahead of the April 3, 2014, meeting of the European Central Bank (ECB)'s rate-setting Governing Council, CFR Director of International Economics Benn Steil discussed why the expected shift toward more aggressive monetary stimulus will fail to revive private-sector credit without a more compelling bank recapitalization plan.
Other Report

Global Economics Monthly: July 2013

by Robert Kahn
Steven A. Tananbaum Senior Fellow for International Economics Robert Kahn analyzes policy implications of lessons learned from the IMF's involvement in the Greek crisis.
Blog Post

Mexico on the Brink

A few weeks ago, the Legatum Institute's released its global Prosperity Index-which I wrote about here-that took both macro-economic indicators and social well-being into consideration. In the...
Transcript

"Foreign Policy Begins at Home: The Case for Putting America's House in Order"

with Richard N. Haass, E.J. Dionne Jr.
Richard N. Haass discusses his new book, Foreign Policy Begins at Home, in which he puts forward a new foreign policy doctrine of Restoration, where the United States limits its engagement in wars of choice and humanitarian interventions abroad, and focuses on restoring the foundations of its power at home.