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December 4, 2012
The overwhelming consensus among the experts interviewed is that trade can be mutually beneficial with the right framework in place to do, in essence, what the WTO claims as its mission: ensure a level playing field. Across the experts interviewed, five ideas emerged for ways to fix the global trading system.
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December 4, 2012
Based on the insights of those experts who believe that the WTO has not lived up to its potential, there are three broad reasons why.
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December 4, 2012
If it is true that the WTO has failed to ensure a level playing field for all, one theoretical response from countries would be to stop trading. But that hasn’t happened. So if the WTO is not effective, has something else filled the void – something else to “level the playing field” of global trade?
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December 4, 2012
According to Bob Davis, Senior Editor at the Wall Street Journal, while the WTO is by no means perfect, it’s fairly good at keeping countries playing by the rules. “If we scrapped the WTO, you’d have individual countries fighting individual countries. It would be much more politically fraught; it would be much more a system of big country vs. little country where the little country has absolutely...
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December 4, 2012
Huge and growing trade imbalances, as well as foreign direct investment that many experts see as having lopsided benefits for China, lead many experts to conclude that the global trading system is not working as it could be. Is it the responsibility of the WTO to ensure that the global trading system does work well?
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December 4, 2012
Data showing huge imbalances demonstrate that trade is not at all mutually beneficial. Consider that in 2011 China had a $244 billion annual trade surplus, 9.3 percent annual growth, and $3.2 trillion in foreign reserves. The U.S. has a $738 billion trade deficit, 1.8 percent annual growth, and a national debt of $10 trillion and counting. See Section 4.1.1 of the full Is the WTO Responsible for...
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October 14, 2012
Producing Prosperity: Why America Needs a Manufacturing RenaissanceBook Discussion and ReceptionWednesday, October 3, 2012
April 5, 2013
December 4, 2012
December 4, 2012
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