Found 280 article(s) in category 'Trade Policy'

What the WTO can learn from Paris climate talks

What the WTO can learn from Paris climate talks. Robert Lawrence, December 7, 2015, Opinion. “For many years, negotiators at the annual conferences of the United Nations Framework Convention on Climate Change looked longingly at how the World Trade Organization was able to negotiate effective international agreements. Ironically, the Paris climate talks that are scheduled to conclude on Friday and the WTO negotiations, which will take place next week in Nairobi, lead to the opposite conclusion. Trade negotiators should emulate the progress made in the climate change agreements by moving away from a simplistic division between developed and developing countries. For years, global climate change policy was hobbled by this division. In the Kyoto Protocol — the international agreement to reduce greenhouse-gas emissions — only developed countries committed to mandatory emissions reduction. Developing countries had no obligations. … Link

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The Import of Exports

The Import of Exports. Ricardo Hausmann, November 26, 2015, Opinion. “Should a country’s development strategy pay special attention to exports? After all, exports have nothing to do with satisfying their people’s basic needs, such as education, health care, housing, power, water, telecoms, security, the rule of law, and recreation. So why give precedence to satisfying the needs of distant foreign consumers? That, in a nutshell, is what many opponents of free trade and economic globalization – as well as many on the right who believe that all industries should be treated equally – want to know. But there are no right answers to wrong questions…Link

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Congress Should Vote Thumbs Up to Trade Deal

Congress Should Vote Thumbs Up to Trade Deal. Jeffrey Frankel, November 12, 2015, Opinion. “Now that the long-awaited text of the Trans-Pacific Partnership agreement has been released, Congress will have to decide whether to ratify it. It should vote thumbs up. Many who are concerned about labor and environmental issues are fervently opposed to TPP, but they should read the text with an open mind. It seems unlikely that they did so, judging by the speed with which some nongovernmental organizations and others reacted negatively to the document within a few hours of its release last week…” Link

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Working With a Rising India: A Joint Venture for the New Century

Working With a Rising India: A Joint Venture for the New Century, Nicholas Burns, November 12, 2015, Video. “What lies ahead for the U.S.-India relationship, and what should Washington put at the top of its India agenda? Over the past several months, the Council on Foreign Relations sponsored an Independent Task Force on U.S.-India Relations—co-chaired by Charles R. Kaye, co-chief executive officer at Warburg Pincus; and Joseph S. Nye Jr., university distinguished service professor at the Harvard Kennedy School of Government; and directed by Alyssa Ayres, CFR senior fellow for India, Pakistan, and South Asia—to examine developments in India, assess India’s likely future trajectory, and identify further opportunities for U.S. foreign policy. The Task Force finds that partnership with a rising India offers one of the most substantial opportunities to advance U.S. national interests over the next two decades, and urges U.S. policymakers to adopt a new approach to the U.S.-India bilateral relationship going forward—a “joint venture” for the new century.Link

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Working With a Rising India: A Joint Venture for the New Century

Working With a Rising India: A Joint Venture for the New Century. Joseph Nye, November 2015, Book. “Over the past ten years, India, the world’s largest democracy, has lifted more than 130 million people out of poverty. The country has rebounded from a recent economic growth slump, surpassing China this year to become the world’s fastest-growing major economy. “If India can maintain its current growth rate, let alone attain sustained double digits, it has the potential over the next two to three decades to follow China on the path to becoming another $10 trillion economy,” notes the Task Force. With Indian Prime Minister Narendra Modi’s prioritization of economic growth and foreign policy revitalization, the country now has a window of opportunity to either make the necessary reforms or risk being left behind. “[India] will have to decide whether it wants to become a major part of global trade flows and deeply integrated into global supply chains. Doing so would boost India’s efforts to grow its manufacturing sector and its economy; choosing not to will make that ambition harder to achieve.”Link

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Lessons Learned from Three Decades of Experience with Cap and Trade

Lessons Learned from Three Decades of Experience with Cap and Trade. Robert Stavins, November 2015 Paper, “The article discusses the important insights on the design and performance of emissions trading schemes that implemented over the past 30 years which provides lessons for future applications of environmental policy instrument. Topics discussed include emission reduction credit systems used in the Clean Development Mechanism (CDM) which is part of Kyoto Protocol, the Regional Clean Air Incentives Market (RECLAIM) in southern California, and the trading of nitrogen oxides in the U.S.Link

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Online Supplement for Trade and Inequality: From Theory to Estimation

Online Supplement for Trade and Inequality: From Theory to Estimation. Elhanan Helpman, October 28, 2015, Paper. “This online supplement contains the technical derivations for the theoretical results in the paper and reports additional empirical results and other information. Section B discusses reduced-form empirical findings for other countries that are consistent with our stylized facts for Brazil in Section 3 of the paper. Section C provides a full characterization of the structural model and discusses the relationship between the reduced-form coecients and structural parameters. Section D deals with econometric inference, including the derivation of the likelihood function and the generalized method of moments (GMM) bounds analysis. Section G discusses the data sources and denitions. Section H contains additional empirical results and robustness checks referred to in the paper.Link

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Conversation With Harvard’s John F. Kennedy School of Government Director of the Belfer Center for Science and International Affairs Professor Graham Allison

Conversation With Harvard’s John F. Kennedy School of Government Director of the Belfer Center for Science and International Affairs Professor Graham Allison. Graham Allison, October 13, 2015, Video. “So thank you very much. Apologies for a short delay, but it’s a great honor to welcome to Harvard tonight our Secretary of State, and I’m Graham Allison, the Director of the Belfer Center. I would say we have not seen the Secretary of State exhibit such energy and determination in bringing home an agreement like the Iranian nuclear agreement. So the real purpose for me tonight is to, with the Harvard community, to say we’re celebrating John Kerry and we want to thank him...” Link

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Why Support the TPP?

Why Support the TPP? Jeffrey Frankel, October 8, 2015, Opinion. “Agreement among negotiators from 12 Pacific Rim countries on the Trans-Pacific Partnership (TPP) represents a triumph over long odds. Tremendous political obstacles, both domestic and international, had to be overcome to conclude the deal. And now critics of the TPP’s ratification, particularly in the United States, should read the agreement with an open mind. Many of the issues surrounding the TPP have been framed, at least in US political terms, as left versus right. The left’s unremitting hostility to the deal – often on the grounds that the US Congress was kept in the dark about its content…Link

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Which Countries’ Citizens Are Better Off With Trade?

Which Countries’ Citizens Are Better Off With Trade? Stephen Kosack, 2015, Paper. “We attempt to reconcile competing arguments regarding international trade’s implications for citizen well-being: that trade either erodes citizen welfare by decreasing the incentives and resources for welfare improvements or leads to higher welfare by increasing those incentives and resources. We find that which of these two dynamics a country experiences depends on its level of human capital. In countries already well-endowed with human capital, greater international trade reinforces further improvements in welfare. But in most countries, the workforce has not yet…Link

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