Carnegie Endowment for International Peace
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One of the most striking aspects of the global financial crisis has been how often the facts have contradicted what, according to conventional wisdom, was expected to happen.
Policy makers should heed the lessons of the Great Recession and enact the structural and regulatory reforms needed to protect the world against the next crisis.
Migrants are economic assets for both their host and home countries, but they are disproportionately affected by the global financial crisis. Temporary migration programs and collaboration with migrant-sending countries can help maximize the economic benefits of migration, even in times of crisis.
Mexico’s disappointing experience with NAFTA underscores the need to reform trade agreements between the United States and developing countries.
In the wake of the WTO's elimination of apparel export quotas, analysts predict that China and a handful of other efficient, low-cost producers will dominate the global market within a few years, shutting smaller, less industrialized countries out of an industry that created millions of jobs and often was the first step in the process of industrialization.
The Trade Act of 2002 integrates environmental policy priorities into U.S. trade negotiations. Resulting tensions between trade and environment requires greater involvement by Congress. Of particular short-term importance to Congress should be how bilateral negotiations with Chile and Singapore are concluded and regional negotiations with Central America begun.