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Postscript,
Rawi Abdelal and Adam Segal

The international financial crisis has thrown the forward march of globalization into question. If the United States and others can learn from the crisis and control borrowing, then the positive potential of global trade and finance may be restored.

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Essay, Mar/Apr 2009
Rachel L. Loeffler

Financial sanctions have become a key tool of U.S. foreign policy. Measures taken against Iran and North Korea make clear that this new financial statecraft can be effective, but true success will require persuading global banks to accept a shared sense of risk.

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Essay, Jan/Feb 2009
Aaditya Mattoo and Arvind Subramanian

Trade problems are an underlying cause of the financial crisis. To truly revive the world economy, a new trade consensus is necessary.

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Review Essay, Sep/Oct 2006
Robert H. Wade

In "Economic Justice in an Unfair World", Ethan Kapstein sets out admirably to define a global system that would guarantee opportunity for all states. But on the key issue -- free trade -- he subverts his own efforts by clinging to simplistic neoliberal dogma.

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Essay, Special 2005
Jagdish Bhagwati

There have been eight rounds of multilateral trade negotiations prior to Doha. Although they all ended well, it is important to remember that few went smoothly. Negotiators in Hong Kong now face real obstacles, but there is reason for hope -- if, that is, they have the will and courage to do what is necessary to succeed.

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Essay, Special 2005
C. Fred Bergsten

The Doha Round could become the first major multilateral trade talks to fail since the 1930s. To prevent a collapse, policymakers in the G-8 and key developing countries must resolve global monetary and current account imbalances, counter the backlash against globalization, and find a way to jolt the talks back to life.

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Essay, Special 2005
Carla A. Hills

Americans should care deeply about the Doha Round, but many do not understand what it means for them and the rest of the world. With the talks barely moving, it is time for supporters of free trade to educate the American people in order to give Washington the backing it needs to break the deadlock.

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Essay, Special 2005
Charlene Barshefsky

Today, the United States confronts four urgent challenges: imbalances in global trade and capital flows, South America's drift, Asia's economic integration, and the Muslim world's decline. International trade policy alone cannot solve these complex concerns, but it can play a pivotal role in dealing with each.

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Essay, Special 2005
Peter D. Sutherland

If trade talks were founded on a rational analysis of economic interests, they would be much easier to conduct and conclude. But most are not, and the Doha Round is no different. The key to ensuring that something worthwhile does emerge from it is to distinguish narrow political agendas from the broader public interest.

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Essay, Special 2005
Arvind Panagariya

Agriculture will be the make-or-break issue in Hong Kong. On the surface, obstacles to an agreement seem insuperable. But a careful examination of the current agricultural trade regime reveals that prospects for an agreement are not as bleak as they appear.

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