Tag: Trade

 

Popping the Rice Price Bubble

Blog Post

In India, the price of onions is an election issue, so ubiquitous are they in the nation’s cooking. Regularly, around the world, poor consumers face extra hardship as the prices of basic foodstuffs seesaw. Global food security is an area CGD has worked on for many years, and back in mid-2008, we tried to help figure out a solution to the skyrocketing price of a major staple.

Do the Leaked TTIP Docs Signal It’s Time to Change Course?

Blog Post

The release of leaked documents from negotiations of the Transatlantic Trade and Investment Partnership (TTIP) captured news headlines last week, but the materials tell us little that we didn’t already know. The documents mainly confirmed that scant progress has been made. I’ve already gone on record as skeptical that negotiators will secure a TTIP deal, even in principle, this year. So instead I want to offer two suggestions as talks move forward.

Trade Is Not "Us against Them"

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There has been an unfortunate tendency in this year’s US presidential campaign to make trade policy an “us against them” story. It is true that the US government does not do enough to compensate those who lose from trade, or to help individuals and industries adjust to the changes that more open markets bring. But rhetoric pitting poor people in the United States against even poorer people elsewhere helps neither.

WTO Members Avoid Failure in Nairobi, But Future Still Uncertain

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Trade ministers, while attending the World Trade Organization (WTO) meeting in Nairobi, again managed to pull a rabbit out of the hat. Faced with the prospect of complete failure, ministers worked overtime to cobble together a package of mostly small, symbolic agreements at the WTO’s Tenth Ministerial Conference. While the outcome is not being greeted with the same dismay, Nairobi looks more like the Copenhagen summit on climate change than the recent session in Paris, which managed to bridge North-South differences.

The WTO Turns 20, But Will It Make It to 30?

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The recently agreed upon but not yet signed Trans-Pacific Partnership (TPP), which will cover 12 countries and 40 percent of global GDP, is certain to loom large as the World Trade Organization (WTO) celebrates its 20th anniversary in Nairobi next week. For US trade negotiators, conclusion of the TPP deal means they can turn their attention to talks with the European Union on the Transatlantic Trade and Investment Partnership.

Hooray, Capital Controls Have Won. But That Just Might Reveal the Political Vulnerability of the TPP.

Blog Post

The newly released Trans-Pacific Partnership (TPP) text reveals that US trade negotiators have finally caught up with the IMF and others on the question capital controls. Unfortunately, by allowing for appropriate uses of controls on “hot money,” the TPP may have created new enemies within the powerful US financial services lobby, further jeopardizing political support for the agreement.

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