Friday, October 31, 2014
  1. Why Taxation Must Go Global

    Wolfgang Schäuble
  2. Mexico’s Powerful Energy Reforms

    Martin Feldstein
  3. American-Made Financial Repression

    Andrew Sheng

    American-Made Financial Repression

    & 9

    &  argue that the dollar's global dominance has gone from benefit to burden for China.

    dollars in peoples hands Laura/Flickr

    The late economist Ronald McKinnon argued that China and the US, by working together, could alleviate financial repression and enhance global monetary stability. Unfortunately, this advice is not popular among US economists and policymakers, who prefer the short-term political advantages afforded to them by free-market rhetoric. READ MORE

  4. The WTO’s Reform Crisis

    Emily Jones

    The WTO’s Reform Crisis

    6

     opposes proposals to abandon the organization's consensus-based decision-making.

    WTO public forum globes WTO Public Forum/Flickr

    The World Trade Organization’s director-general, Roberto Azevêdo, has called for an urgent shakeup of his institution, and one of the main reform proposals is to abandon consensus-based decision-making. That might boost efficiency, but it could jeopardize one of the WTO’s greatest assets: its legitimacy. READ MORE

  5. The TPP’s Missing Ingredient

    Simon Johnson

    The TPP’s Missing Ingredient

    9

     says that Trans-Pacific Partnership needs a clause prohibiting currency manipulation.

    dollar currency manipulation Eric Gjerde/Flickr

    The typical approach when seeking to finalize an agreement aimed at reducing trade barriers is to ask for less, not more, from those on the other side of the table. But the Trans-Pacific Partnership is different: It will work only if the US insists that participating countries do not engage in currency manipulation. READ MORE

Focal Point

More
233 pages
233 pages

Commentaries available in 12 Languages