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Other Report

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.
Council Special Report

Revising U.S. Grand Strategy Toward China

by Robert D. Blackwill, Ashley J. Tellis
Robert D. Blackwill and Ashley J. Tellis argue that the United States has responded inadequately to the rise of Chinese power. This Council Special Report recommends placing less strategic emphasis on the goal of integrating China into the international system and more on balancing China's rise.
Other Report

Global Economics Monthly: December 2014

by Robert Kahn
Steven A. Tananbaum Senior Fellow for International Economics Robert Kahn argues that unless Japan begins to undertake structural economic reforms, its growth will be almost entirely dependent on easy money, increasing global economic tensions in 2015.
Interview

A Turbulent Year Ahead

by James M. Lindsay, Bernard Gwertzman
Ongoing Middle East conflicts, economic storm clouds, and perennial tensions in Asia augur a tough 2015 for global leaders, says CFR's James M. Lindsay.
Policy Innovation Memorandum

A Paris Club for Europe

by Robert Kahn
Europe can no longer afford to put off its debt problem. Robert Kahn recommends that policymakers draw lessons from the Paris Club to provide a rules-based approach to debt relief that can get Europe back on the path to growth.
Op-Ed

How the Fed Flubbed It

by Sebastian Mallaby
CFR Senior Fellow Sebastian Mallaby reviews economic historian Barry Eichengreen's newest book Hall of Mirrors, which argues that history should have guided U.S. and European central bankers toward better decisions during the 2008 financial crisis.
Other Report

Global Economics Monthly: November 2014

by Robert Kahn
Steven A. Tananbaum Senior Fellow for International Economics Robert Kahn argues that with the European Central Bank's stress test completed, now is the time for Europe to get back on the path to growth by tackling its debt problem.