NEW YORK: The selection of a successor to Robert Zoellick as President of the World Bank was supposed to initiate a new era of open meritocratic competition, breaking the traditional hold that the United States has had on the job. Indeed, Zoellick's (...)
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 United States government that one wonders whether there is anything left to say. Yet it is worth recalling what (...)
NEW YORK: While developed countries are angst-ridden over mostly illegal immigration by unskilled workers from developing countries, a different set of concerns has surfaced in Africa, in particular, over the legal outflow of skilled, and even more (...)
NEW YORK: The indifference and apathy that one finds in Washington from both the Congress and President Barack Obama on the Doha Round of world trade talks, and the alarm and concern expressed by statesmen elsewhere over the languishing (...)
NEW YORK: Outsourcing of services has been a persistent cause of panic and protectionism in recent years, especially in the United States since the 2004 presidential election. Back then, the Democratic candidate, Senator John Kerry, upon hearing (...)
NEW YORK: It is now apparent that the United States is the main culprit in preventing the ten-year-old multilateral trade negotiations known as the Doha Round from being closed this year. The US has even spurned World Trade Organization Director (...)
NEW YORK: Contrary to what skeptics often assert, the case for free trade is robust. It extends not just to overall prosperity (or “aggregate GNP”), but also to distributional outcomes, which makes the free-trade argument morally compelling as (...)
NEW YORK: The Doha Round, the first multilateral trade negotiation conducted under the auspices of the World Trade Organization, is at a critical stage. Now in their 10th year, with much negotiation, the talks need a final political nudge, lest Doha (...)
HONG KONG: The feud in Bangladesh between Prime Minister Sheikh Hasina and Mohammed Yunus, the founder of the microloan-making Grameen Bank and a winner of the Nobel Peace Prize, is being portrayed as a modern-day replay of the famous battle between (...)
NEW YORK:The Doha Round of Multilateral Trade Negotiations (MTN) is the first negotiation to take place under the auspices of the World Trade Organization (WTO), founded in 1995. The eight previous rounds of global trade talks were conducted under (...)
NEW YORK: I just returned from India, where I was lecturing to the Indian Parliament in the same hall where US President Barack Obama had recently spoken. The country was racked by scandal. A gigantic, ministerial-level scam in the mobile-telephone (...)
NEW DELHI: When US President Barack Obama visited India in November and complimented its leaders on the growing success and prowess of their economy, a tacit question returned to center stage: Will China grow faster than India indefinitely, or will (...)
NEW YORK: Increasingly, corporations are under pressure, often from activist non-governmental organizations, to take on specific “corporate social responsibility” (CSR) obligations. But the fact that CSR is being demanded, and occasionally conceded, (...)
NEW YORK: Economists generally agree on the advantages of openness in trade. But the case for non-discrimination in trade is also a compelling one. So good trade policy should push for multilateral trade liberalization such as at the Doha Round, (...)
NEW YORK: Economists long ago put to rest the error that Adam Smith made when he argued that manufacturing should be given primacy in a country's economy. Indeed, in Book II of The Wealth of Nations, Smith condemned as unproductive the labors of (...)
NEW YORK: Meetings of G-20 leaders regularly affirm the importance of maintaining and strengthening openness in trade. June's G-20 summit in Toronto, although not very effusive on trade, did not back away from it. Yet talk is cheap, and the (...)
NEW YORK: At a debate in New York last year entitled “Buy American/Hire American Policies Will Backfire,” with hundreds of people in attendance, my team of three free-trade proponents took on a trio of protectionists who are often in the public eye. (...)