Found 287 article(s) in category 'Trade Policy'

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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Correction/Update: China Did Accept the American Formulation in the Cyber Deal

Correction/Update: China Did Accept the American Formulation in the Cyber Deal. Jack Goldsmith, September 27, 2015, Opinion. “On Friday I read the transcript of the translation of President’s Xi’s remarks with President Obama to leave a possible gap in what China and the United States agreed to in the announced cyber deal on Friday. In the English transcript Xi reiterated that China opposed the theft of commercial secrets but seemed to fall short of agreeing with the American formulation of the norm as not stealing ‘with the intent of providing competitive advantages to companies or commercial sectors.’  However, the well-informed Adam Segal…Link

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Trade Liberalization and Labor Market Dynamics with Heterogeneous Firms

Trade Liberalization and Labor Market Dynamics with Heterogeneous Firms. Elhanan Helpman, August 25, 2015, Paper. “Adjustment to trade liberalization is associated with substantial reallocation of labor across firms within sectors. This salient feature of the data is well captured by models of international trade with heterogeneous firms. In this paper we reconsider the adjustment of firms and workers to changes in trade costs, explicitly accounting for labor market frictions and the entire adjustment path from an initial to a final steady-state. The transitional dynamics exhibit rich patterns, varying across firms that differ in productivity levels…” Link

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The International Price System

The International Price System. Gita Gopinath, August 20, 2015, Paper. “I define and provide empirical evidence for an “International Price System” in global trade employing data for thirty-five developed and developing countries. This price system is characterized by two features. First, the overwhelming share of world trade is invoiced in very few currencies, with the dollar the dominant currency. Second, international prices, in their currency of invoicing, are not very sensitive to exchange rates at horizons of up to two years. In this system, a good proxy for a country’s inflation sensitivity to exchange rate fluctuations is the fraction of its imports invoiced in a foreign currency…Link

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