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CGD Policy Blogs

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Protectionist Snares Along the Road to Copenhagen

Countries importing Chinese goods should be responsible for the heat-trapping gases released during manufacturing, a top Chinese official said yesterday…. "As one of the developing countries, we are at the low end of the production line for the global economy. We produce products, and these products are consumed by other countries.... This share of emissions should be taken by the consumers, but not the producers."

-Associated Press, March 17, 2009

A Cautionary Note on AIG Bonus Clawback: Is the United States Turning into Argentina?

A friend who works in Wall Street was livid upon learning about the U.S. House of Representatives’ move to tax the controversial AIG bonuses at 90 percent. My friend—who is from Latin America and does not work at AIG—said that it looks like the United States is turning into Argentina. He was referring to last year when, in the midst of the commodity boom, the Argentine government attempted to raise the tax rate on the additional profits to around 90 percent and to increase its access to resources it nationalized the private pension plans.

Wal-Mart and the AFL-CIO Agree: The U.S. Can (and Must) Do a Better Job Fighting Poverty, Disease, and Lack of Opportunity in the Developing World

This is a joint posting with David Beckmann, originally appearing on the Huffington Post Web site on March 17, 2009.

In the face of big global challenges, President Obama has rightly called for a new, smarter U.S. foreign policy that focuses on bolstering our long-term security, building our alliances, and expanding global prosperity. A central element of his new approach is elevating U.S. support for global development and balancing it with defense and diplomacy, which in practice means strengthening U.S. foreign assistance and other programs that fight poverty, disease, and lack of opportunity in developing nations.

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