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RealTime Economic Issues Watch India's WTO Problem—A Proposal
Arvind Subramanian — July 29, 2014
After more than a decade of failure to break an impasse on a new global trade round, the World Trade Organization (WTO) managed last year in Bali to accomplish the modest feat of adopting a new Trade Facilitation Agreement (TFA), establishing faster and more efficient customs procedures to encour ...

North Korea: Witness to Transformation Japan-South Korea: How Bad Can it Get? (Part II)
Stephan Haggard — July 29, 2014
Yesterday, we provided an overview of a new survey on Japan-South Korea relations from the East Asia Institute (Seoul) and Genron NPO, focusing on the depressing importance of history issues. Today, we consider the geostrategic consequ ...

RealTime Economic Issues Watch The Hague Penalizes Russia for Yukos Confiscation
Anders Aslund — July 28, 2014
In a major new blow to President Vladimir Putin, a three-member Arbitral Tribunal of the Permanent Court of Arbitration in The Hague has ruled unanimously that the Russian Federation must pay $51.6 billion to shareholders of the defunct Russian oil company Yukos, which Russia seized ten years ago ...

RealTime Economic Issues Watch NAFTA Rejoinder: The Effects are Positive (Part I)
Gary Clyde Hufbauer and Cathleen Cimino — July 28, 2014
A new post by the Center for Economic Policy Research (CEPR) takes issue with the Peterson Institute Policy Brief " ...

China Economic Watch Let the Good Times Roll: China’s Growing Influence in South Korea
Kevin Stahler and , Kent Troutman — July 25, 2014
Xi Jinping’s recent visit to Seoul was remarkable for a number of reasons. It was the first in which a Chinese president visited the South before the North, no doubt a thread which the Kim regime took note. It also highlighted both leaders’ ...

RealTime Economic Issues Watch The Resignation of the Ukrainian Government Was a Welcome Step
Anders Aslund — July 25, 2014
Prime Minister Arseniy Yatseniuk of Ukraine announced his government's resignation on July 24 after two of the three coalition partners, the Udar Party of Vitali Klitschko, mayor of Kiev, and the nationalist Svoboda, withdrew from the ruling coalition. Yatseniuk represents the Fatherland party of ...

Op-ed The Errors of Conservatives Obscure the Case for Trade
Adam S. Posen — July 22, 2014
Twenty years after Bill Clinton, former US president, signed the North American Free Trade Agreement (NAFTA), its very name chills the spines of US voters and congressmen alike.

Op-ed India: Land-Shackled II
Devesh Kapur, T. V. Somanathan and Arvind Subramanian — July 22, 2014
The authors propose four policy reforms to ensure land facilitates rather than impedes development in India.

Op-ed India: Land-Shackled I
Devesh Kapur, T. V. Somanathan and Arvind Subramanian — July 22, 2014
Capital, labor, or land? Which of these is the binding constraint is one diagnostic question India's new government should be asking itself as it seeks to revive the sputtering Indian growth engine.

China Economic Watch The Economics of H2O: Water Price Reforms in China
Ryan Rutkowski — July 22, 2014
In China – as with most countries – the price of water is controlled by the state not the market. The problem with state-control of water prices is that prices are often slow to adjust to supply and demand. Low water prices encourage waste and subsidize water-intensive households and corporations. I ...

China Economic Watch Reforming China’s Capital Markets
Nicholas Borst — July 21, 2014
Over the past decade, China’s bank-dominated financial system has rapidly been transformed into a more diverse system where nonbank financial institutions and capital markets play a large role. Trust loans, entruste ...

Op-ed Sanctions Punish Russia for Arms Aid Linked to Downing of MH17
Anders Aslund — July 18, 2014
By targeting some of the largest banks in Russia, the United States has limited both the state's and President Vladimir Putin's private financial prowess, while hardly any ordinary Russian savers are being hit.


audio Peterson Perspectives Interview BRICS Summit: New Initiatives but Dubious Clout
Anders Aslund — July 17, 2014
Anders Åslund says Brazil, Russia, India, China, and South Africa have little in common except for anti-Western attitudes, and their latest steps are unlikely to increase their economic and political clout.

RealTime Economic Issues Watch The Obama Administration's Wrong Answer for Corporate "Inversions"
Gary Clyde Hufbauer and Tyler Moran — July 17, 2014
Faced with an exodus of tenants, most owners would immediately correct defects in their buildings. But faced with a wave of corporate "inversions"—namely US firms seeking the corporate nationality of another country—Treasury Secretary Jacob Lew has instead called upon Congress to ...

RealTime Economic Issues Watch Senseless GSP Sanctions against Russia Hurt US Importers
Gary Clyde Hufbauer and Tyler Moran — July 16, 2014
Because economic exchange benefits both parties, sanctions usually harm the sender country as well as the target. Nevertheless sanctions are a handy tool in the conduct of foreign policy, especially when the impact on the target greatly exceeds the impact on the sender. What can't be justif ...

RECENT EVENTS

 

Bill Shorten

Global Growth: Trade, Equity, and Opportunity

Bill Shorten, member of the Australian parliament, speaks at PIIE on the effects of global growth.

William R. Cline

The Road to Global Prosperity

Michael Mandelbaum, Johns Hopkins University School of Advanced International Studies, discusses his new book at PIIE.

Ambassador Eduardo Medina-Mora

Mexico and the United States: Building on the Benefits of NAFTA

On the 20th anniversary of NAFTA, PIIE, the Embassy of Mexico, and the McKinsey Global Institute cohost a conference to present new research challenging false claims and exaggerations about the agreement's harms.

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