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The U.S. response in Haiti must be about more than aid, CGD president Nancy Birdsall told Congress this week. She urged members of Congress to push for better trade and migration policies—in addition to more flexibility with our assistance efforts—to help Haiti rebuild after the earthquake.
My colleage Arvind Subramanian published an intriguing Op-Ed in the Financial Times this week. In “The Weak Renminbi is Not Just America’s Problem” Arvind notes that the undervalued Chinese currency is a global problem that requires a multilateral response. He then argues persuasively that neither the United States nor the IMF can be expected to persuade China to revalue its currency. Instead, he says, such action should come from the WTO.