Perspectives on Geopolitics, History, and Political Economy

Redesigning NAFTA is not a bad idea if workers rather than vested interests win

Redesigning NAFTA is not a bad idea if workers rather than vested interests win

May 1, 2017

Rodrigo Zeidan, NYU Shanghai Late April saw an odd couple of days for the North American Free Trade Agreement (NAFTA), the 23-year-old deal between the United States, Canada and Mexico. At the start of Thursday April 27, President Donald Trump’s advisers were said to be working on an executive order withdrawing from the trade deal. During his election campaign,...

The WTO Reborn?

The WTO Reborn?

Feb 22, 2017

Commentary from Project Syndicate By Arvind Subramanian NEW DELHI – For too long, the World Trade Organization has languished, to lift a reference from T.S. Eliot, by the “waters of Leman” (Lake Geneva). Once the world’s preeminent multilateral trade forum, the WTO has been steadily marginalized in recent years, and recent rebukes of globalization, such as the...

Four Certainties About Populist Economics

Four Certainties About Populist Economics

Jan 26, 2017

Commentary from Project Syndicate By Michael Spence MILAN – Successful economic globalization requires reasonably successful growth patterns in individual countries. That dynamic characterized the 30 years or so after World War II: growth rates were relatively high across a wide range of countries; their benefits were broadly shared within countries; and the...

Don’t praise Trump for the defeat of TPP

Don’t praise Trump for the defeat of TPP

Jan 26, 2017

Originally published on New Internationalist By Nick Dearden It’s good news that the Trans Pacific Partnership (TPP) is dead. In fact, the toxic deal – a pacific version of US–EU deal TTIP – was already dead before Trump took office. Popular pressure from trade unions and campaign groups in the US and elsewhere had killed it. Even free-trader Hillary...

From New Deal to the art of the deal: how the neoliberal project led to Trump

From New Deal to the art of the deal: how the neoliberal project led to Trump

Jan 21, 2017

Toby Carroll, City University of Hong Kong and Ruben Gonzalez-Vicente, Leiden University The last fortnight has yielded three spectacles reflecting the demise of the left, the rise of a new reactionary right and a novel political era more generally. Outgoing US President Barack Obama’s “Yes we did” speech was a fitting liberal – in the anaemic and disconnected...

Trump Trade Strategy Unclear

Trump Trade Strategy Unclear

Jan 20, 2017

Global Geopolitics and Political Economy Net – IPS   By Jomo Kwame Sundaram Jomo Kwame Sundaram, a former economics professor, was United Nations Assistant Secretary-General for Economic Development, and received the Wassily Leontief Prize for Advancing the Frontiers of Economic Thought in 2007. Anis Chowdhury, a former professor of economics at the...

Excerpt: What Economists Learned Long After Everyone Else in 2016

Excerpt: What Economists Learned Long After Everyone Else in 2016

Dec 23, 2016

Excerpt from The American Prospect By Harold Meyerson Excerpt from the American Prospect This week, Bloomberg’s Noah Smith published a list of “ten excellent economics books and papers” that he read in 2016. Number three on his list was the now celebrated paper, “The China Shock: Learning from Labor-Market Adjustment to Large Changes in Trade,” by economists...

The Trade Deal Crusaders: Can They Never Learn?

The Trade Deal Crusaders: Can They Never Learn?

Dec 19, 2016

Originally Published on CEPR and Truthout By Dean Baker See the article in its original form on the Truthout site One certain outcome of the 2016 election is that the Trans-Pacific Partnership (TPP) is dead, for the moment. The qualification is necessary because the proponents of the TPP and similar trade pacts refuse to accept that the country is not...

The Age of Hyper-Uncertainty

The Age of Hyper-Uncertainty

Dec 14, 2016

Commentary from Project Syndicate By Barry Eichengreen BERLIN – The year 2017 will mark the 40th anniversary of the publication of John Kenneth Galbraith’s The Age of Uncertainty. Forty years is a long time, but it is worth looking back and reminding ourselves of how much Galbraith and his readers had to be uncertain about. In 1977, as Galbraith was writing,...

Don’t Cry Over Dead Trade Agreements

Don’t Cry Over Dead Trade Agreements

Dec 8, 2016

Commentary from Project Syndicate By Danny Rodrik CAMBRIDGE – The seven decades since the end of World War II were an era of trade agreements. The world’s major economies were in a perpetual state of trade negotiations, concluding two major global multilateral deals: the General Agreement on Tariffs and Trade (GATT) and the treaty establishing the World Trade...

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