Foreign Affairs May/June 2021 Issue Launch: Making Trade Work for Workers
Foreign Affairs Editor Daniel Kurtz-Phelan and authors Gordon Hanson, Shannon O’Neil, and Adam Posen discuss the future of the global economy. Globalization’s critics are numerous, citing the risks of interdependence—highlighted by the pandemic—and the rise of inequality and discontent as economic change leaves workers behind. What will it take to get U.S. trade and labor policies on a more sustainable track?
For further reading, please see the Foreign Affairs articles "Can Trade Work for Workers?" by Gordon Hanson, "Protection Without Protectionism" by Shannon O’Neil, and "The Price of Nostalgia" by Adam Posen.
Gordon H. Hanson
Gordon Hanson is the Peter Wertheim Professor in Urban Policy at Harvard Kennedy School. He is also a research associate at the National Bureau of Economic Research, a life member of the Council on Foreign Relations and co-editor of the Journal of Economic Perspectives. Hanson received his Ph.D. in economics from MIT in 1992 and his B.A. in economics from Occidental College in 1986. Prior to joining Harvard in 2020, he held the Pacific Economic Cooperation Chair in International Economic Relations at UC San Diego, where he was founding director of the Center on Global Transformation. Hanson previously served on the economics faculties of the University of Michigan and the University of Texas. In his scholarship, Hanson specializes in international trade, international migration and economic geography. He has published extensively in top economics journals, is widely cited for his research by scholars from across the social sciences and is frequently quoted in major media outlets. Hanson’s current research addresses how globalization in the form of immigration and expanded trade with China have affected U.S. local labor markets. In a new endeavor, he is working with a multidisciplinary team of scholars to use satellite imagery to assess the impacts of expanding transportation networks, exposure to extreme weather, and related events on urban economic activity.
Shannon K. O’Neil
Shannon K. O'Neil is the vice president, deputy director of studies, and Nelson and David Rockefeller senior fellow for Latin America Studies at the Council on Foreign Relations. She is an expert on Latin America, global trade, U.S.-Mexico relations, corruption, democracy, and immigration.
O’Neil has lived and worked in Mexico and Argentina, and travels extensively in Latin America. She was a Fulbright scholar and a Justice, Welfare, and Economics fellow at Harvard University, and has taught Latin American politics at Columbia University. Before turning to policy, O'Neil worked in the private sector as an equity analyst at Indosuez Capital and Credit Lyonnais Securities. She holds a BA from Yale University, an MA in international relations from Yale University, and a PhD in government from Harvard University. She is a member of the board of directors of the Tinker Foundation.
O’Neil is the author of Two Nations Indivisible: Mexico, the United States, and the Road Ahead (Oxford University Press, 2013), which analyzes the political, economic, and social transformations Mexico has undergone over the last three decades and why these changes matter for the United States. She is a columnist for Bloomberg Opinion, and her written commentary has appeared widely. She is a frequent guest on national broadcast news and radio programs. O’Neil has testified before Congress on both Mexico and Latin America, and regularly speaks at global academic, business, and policy conferences.
Adam S. Posen
Adam S. Posen has been president of the Peterson Institute for International Economics since January 2013. Over his career, he has contributed to research and public policy regarding monetary and fiscal policies in the G-20, the challenges of European integration since the adoption of the euro, China-US economic relations, and developing new approaches to financial recovery and stability. He was one of the first economists to seriously address the political foundations of central bank independence and to analyze Japan's Great Recession as a failure of macroeconomic policy. While at the Federal Reserve Bank of New York during 1994–97, he coauthored Inflation Targeting: Lessons from the International Experience with Ben Bernanke, Thomas Laubach, and Frederic Mishkin.
During Dr. Posen's presidency, the Peterson Institute has won global recognition as the leading independent think tank in international economics, including repeated top rankings from the Prospect Think Tank Awards and the Global Go To Think Tank Index. Under his leadership, PIIE has expanded to include 42 world-renowned resident and nonresident fellows and increased its endowment by 50 percent. Since 2013, PIIE has developed high-level recognition and research partnerships in the People's Republic of China, while deepening longstanding ties with policymakers in other East Asian, European, and North American capitals. The Institute also has broken new ground in providing accessible economic analysis to the general public.
Daniel Kurtz-Phelan is Editor of Foreign Affairs. He previously spent three years as Executive Editor of the magazine and served in the U.S. State Department, including as a member of the Secretary of State’s Policy Planning Staff. His narrative history of George Marshall’s post–World War II mission to China, The China Mission, was published by WW Norton in 2018 and named a best book of the year by The Economist and an editor’s pick by The New York Times Book Review. His writing has also appeared in publications including The New York Times, The Washington Post, and The Atlantic.