Until recently, the World Trade Organization (WTO) has been an effective framework for cooperation because it has continually adapted to changing economic realities. The current Doha Agenda is an aberration because it does not reflect one of the biggest shifts in the international economic and trading system: the rise of China.
Arvind Subramanian testified before the Joint Economic Committee at a hearing titled “Manufacturing in the USA: How Trade Policy Offshores Jobs” on September 21, 2011. Subramanian’s testimony focused on the US-China trade relationship.
Better Factories Cambodia: An Instrument for Improving Industrial Relations in a Transnational Context - Working Paper 256
This paper analyses the case of the International Labour Organization’s Better Factories Cambodia (BFC) project as a transnational instrument to create the institutional space for industrial relations in Cambodia. Based on the principle of social dialogue among the social partners as well as with global buyers, BFC’s multistakeholder approach reaches beyond the workplace and may be a key instrument of industrial relations because it bridges the gap between the sphere of production and that of consumption.
The Commitment to Development Index (CDI) ranks 22 of the world’s richest countries on their dedication to policies that benefit the five billion people living in poorer nations. Moving beyond standard comparisons of foreign aid volumes, the CDI quantifies a range of rich country policies that affect poor people in developing countries.
In this note, CGD fellow Kimberly Ann Elliott discusses how flexible rules of origin can improve trade for the least developed countries.
In this brief Kimberly Ann Elliott discusses the two main priorities the Obama administration should focus on in order to revive the AGOA program and expand its benefits.
The United States ranked 17th in the 2009 Commitment to Development Index with strengths in trade and security but weaknesses in aid and environment. This CGD Note describes how the United States could boost its score.
Stimulating Pakistani Exports and Job Creation: Special Zones Won’t Help Nearly as Much as Cutting Tariffs across the Board
Cutting tariffs across the board on Pakistani exports would expand economic opportunities and increase stability in Pakistan with vanishingly small effects on U.S. producers.
The CGD Working Group on Global Trade Preference Reform shows how changes to trade preference programs could greatly benefit those living in the poorest countires at very little cost to preference-giving countries.
This brief summarizes the findings of the CGD Global Trade Preference Reform Working Group and its recommendations to make preference programs better promote prosperity and stability in the world's poorest countries.
The Costs and Benefits of Duty-Free, Quota-Free Market Access for Poor Countries: Who and What Matters - Working Paper 206
This paper examines the potential benefits and costs of providing duty-free, quota-free market access to the least developed countries (LDCs), and the effects of extending eligibility to other small and poor countries.
CGD senior fellow Kimberly Ann Elliott submitted a written statement for the congressional record following the House Ways and Means Trade Subcommittee hearing on preference reform. Elliott urges policymakers to consider the special needs of the poorest countries as they debate the future of U.S. trade programs.
The authors suggest a new approach assessing carbon taxes on imports to address the concerns from high-income countries about the effect of taxes on competition without damaging trade from developing countries.
In this paper Arvind Subramanian and co-authors investigate the differential effects of cooperatitve policy action on climate change and find that one size doesn't fit all. Policy instruments should distinguish between low- and high-carbon countries to avoid serious trade consequences.
Despite six decades of trade liberalization, trade policies in rich countries still discriminate against the exports of the world’s poorest countries. Much remains to be done to achieve the goal of meaningful market access for the poorest countries, including reformed rules of origin that facilitate rather than inhibit trade.
Criss-Crossing Globalization: Uphill Flows of Skill-Intensive Goods and Foreign Direct Investment - Working Paper 176
What happens when capital and sophisticated goods flow uphill, from poorer to richer countries? With a new dataset of foreign direct investment and a measure of the sophistication of exports, CGD senior fellow Arvind Subramanian and his co-author Aaditya Mattoo find that developing countries sending goods and services uphill experience economic growth and other development benefits.
Visiting fellow Nora Lustig examines the policy dilemmas rising food prices force on developing countries. Letting prices adjust can generate inflationary pressure while efforts to stabilize domestic prices often exacerbate global price increases; during the recent food price crisis, many countries chose instead to shift the burden back to international markets.
The White House and the World: A Global Development Agenda for the Next U.S. President shows how modest changes in U.S. policies could greatly improve the lives of poor people in developing countries, thus fostering greater stability, security, and prosperity globally and at home. Center for Global Development experts offer fresh perspectives and practical advice on trade policy, migration, foreign aid, climate change and more. In an introductory essay, CGD President Nancy Birdsall explains why and how the next U.S. president must lead in the creation of a better, safer world.