Op-Eds & Articles

Op-Ed

Don’t Abdicate America’s Leadership Role at the IMF

Authors: Douglas A. Rediker and Heidi Crebo-Rediker
ForeignPolicy.com

During his campaign, Donald Trump persuaded voters that he would look after “America First.” It would be hard to find an institution that plays a greater role in supporting the economic and strategic interests of the United States than does the IMF. Therefore, it would be in the United States’ and the world’s interests if Secretary Mnuchin were to deliver a strong and clear statement of support for the IMF from its biggest beneficiary.

See more in United States; International Organizations and Alliances

Article

Can India Save the Warming Planet?

Author: Varun Sivaram
Scientific American

With its population and living standards rising quickly, India is a wild-card country that could prevent the world from limiting global warming to sought-for levels—or it could help make the difference in a better future. For the country to make a low-carbon transition, technical and financial support from other nations will be crucial, writes Varun Sivaram. 

See more in India; Global; Climate Change

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

Op-Ed

Sorry, Trump, but America’s Economy Is Already Pretty Great

Author: Sebastian Mallaby
The Washington Post

President Trump asserts that the U.S. economy is a disaster and that he alone can fix it. The truth is that the U.S. economy is doing better than most Americans realize, and activist attempts to fix what ain’t broke are one of the gravest threats to it. What’s at stake is not simply that the president is vague or wrong about the facts. It’s that bad facts make for bad policy.

See more in United States; Economics

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.

See more in Americas; Trade

Article

Of Debt and Detriment

Authors: Benn Steil and Emma Smith
Weekly Standard

Benn Steil and Emma Smith show how China mirrors the U.S. “exorbitant privilege” from minting the world’s primary reserve currency. While the United States is deeply indebted to the rest of the world, it still earns far more abroad than it pays out. China, in contrast, has become the world’s largest creditor while paying foreigners far more than it receives. Steil and Smith argue that China is making itself vulnerable to financial crisis by massively subsidizing its geostrategic objectives.

See more in China; United States; Economics

Op-Ed

Trump’s Manufacturing Tactics Could Backfire

Author: Edward Alden
Journal Sentinel

Donald Trump came to Washington determined to shake up America’s economic relations with the world, to pursue what he has unapologetically called an “America first” strategy “to benefit American workers and American families." At the heart of that strategy is restoring manufacturing to its former glory, writes Edward Alden. 

See more in United States; Manufacturing

Article

Trump Says Europe Is in Trouble. He Has a Point.

Author: Sebastian Mallaby
The Washington Post

Germany’s foreign minister reports “astonishment and agitation.” The French president protests indignantly about unsolicited “outside advice .” Even Secretary of State John F. Kerry sees behavior that is “inappropriate.” President-elect Donald Trump’s weekend interview, in which he casually predicted the breakup of the European Union, has certainly attracted attention.

See more in Europe; Politics and Strategy; Economics

Article

Unlocking Clean Energy

Author: Varun Sivaram
Issues in Science and Technology

Many government policies now "lock in" mature clear energy technologies while blocking out innovative alternatives. Here's Varun Sivaram's plan to transform lock-in barriers into bridges for technological succession.

See more in Global; Energy and Environment