Stephen S. Roach
The Great American Mirage
NEW HAVEN – In September 1998, during the depths of the Asian financial crisis, Alan Greenspan, the United States Federal Reserve’s chairman…
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Since the onset of the global economic crisis, efforts to implement a broad multilateral trade scheme have been on hold. Indeed, amid accusations of Chinese currency manipulation, a sluggish US recovery, and a worsening debt crisis in Europe, protectionist pressure is building. Can an open global trading system survive in this environment?
Free Trade in Troubled Times
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Yao Yang
Couple’s Counseling for the US and China
BEIJING – China has undoubtedly benefited from the world system created and supported by the United States. Indeed, Richard Nixon’s journey …
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Julia Gillard, Lee Myung-bak
The Gospel of Growth
CANBERRA/SEOUL – Almost four years after the start of the global financial crisis, the world economy remains fragile and unemployment is una…
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Yoon Young-kwan
Asia’s Next Axis
SEOUL – Last month, the leaders of China, Japan, and South Korea agreed to begin negotiations later this year on a trilateral free-trade agr…
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Jagdish Bhagwati
The Broken Legs of Global Trade
NEW YORK – The Doha Round, the latest phase of multilateral trade negotiations, failed in November 2011, after ten years of talks, despite o…
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Stephen S. Roach
America's Renminbi Fixation
NEW YORK – For seven years, the United States has allowed its fixation on the renminbi’s exchange rate to deflect attention from far more im…
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Philippe Maystadt
How to Compete in Europe
LONDON – Interest in the European Union’s competitiveness did not begin with the euro crisis. Safeguarding Europe’s advanced position in the…
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Dani Rodrik
Free-Trade Blinders
CAMBRIDGE – I was recently invited by two Harvard colleagues to make a guest appearance in their course on globalization. “I have to tell yo…
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Jagdish Bhagwati
Free Trade Ad Nauseam
NEW YORK – So much has been written, by so many, against the muddled ideas that have now overwhelmed good sense on trade policy in the Unite…
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Keyu Jin
Why Capital Flows Uphill
LONDON – At first, it seems difficult to grasp: global capital is flowing from poor to rich countries. Emerging-market countries run current…
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