Globalization

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Snapshot,
Matt Mossman

In recent years, Occupy Wall Street hasn’t been the only group worried about how the spoils of economic growth have been distributed. Governments worldwide increasingly share the sentiment: like the pinched middle classes, they feel that corporations are taking too much of the profits for themselves. Here's the OECD and G-20's plan to get them to pay more.

Snapshot,
Stuart Gottlieb and Eric Lorber

Greater interdependence reduces the likelihood of conflict between nations or groups of nations by increasing the cost of conflict for all of them. However, as the EU-Russian case shows, the logic can also work in reverse. It is incredibly difficult to punish economic partners for international aggression.

Snapshot,
Thomas J. Bollyky and Anu Bradford

Hammering out a transatlantic trade deal, the goal of U.S. and EU officials meeting this week, won’t be easy. Beyond the traditional barriers to free trade -- tariffs and quotas -- negotiators will need to address the real obstacle to transatlantic commerce: inconsistent regulations.

Comment, Jul/Aug 2013
Richard Katz

Tensions between China and Japan are rising, but an economic version of mutual deterrence is preserving the uneasy status quo. Put simply, China needs to buy Japanese products as much as Japan needs to sell them.

Snapshot,
Yuri Takhteyev

For technologies from the global South, worldwide success usually means shedding local ties and, should all go well, returning home triumphant. It is a treacherous road, and most of the benefits of such projects will never make it to the communities in which they started. But the alternative strategy of focusing on local problems and solutions is even less appealing.

Snapshot,
Amrita Narlikar and Dan Kim

Despite the claims of its champions, the fair-trade movement doesn't help alleviate poverty in developing countries. Even worse, it is just another direct farm subsidy of the kind most conscientious consumers despise. In the long term, the world needs free trade, not fair trade.

Snapshot,
Tyson Barker

In the past, U.S. and European negotiators have tried and failed to create a unified transatlantic market. But the trade talks that President Obama announced this month have a much better chance of succeeding, thanks to a greater need for economic growth on both sides, the threat of China’s illiberal economic behavior, and the desire to give U.S.-European relations a new purpose.

Snapshot,
Damien Ma

Although China's economy has grown robustly in the past ten years, the presidency of Hu Jintao was not without its failures. The gap between the rich and poor has widened, the environment has suffered, and tensions have risen in the Pacific. The next Chinese president would be well served to learn from Hu's errors.

Response, Jul/Aug 2012
Shannon K. O'Neil; Richard Lapper; Larry Rohter; Ronaldo Lemos; and Ruchir Sharma

Brazil's rise never depended on the sale of commodities, and thanks to recent reforms, the country will continue to prosper, write Shannon O'Neil, Richard Lapper, and Larry Rohter. Ronaldo Lemos, meanwhile, claims that those reforms have not gone far enough. Ruchir Sharma responds that Brazil is indeed headed for trouble.

Response, Jul/Aug 2012
Paul D. Miller; Micah Zenko and Michael A. Cohen

Given the threats it faces, from nuclear-armed autocracies to terrorists, the United States cannot afford to scale back its military, argues Paul Miller. Micah Zenko and Michael Cohen reply that the danger of these challenges is vastly exaggerated and that an overly militarized foreign policy has not made the country safer.

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