The volume features recent work by Nobel Laureate Paul Samuelson and a thought provoking book, Global Trade and Conflicting National Interest by Ralph Gomory, the recently retired director of the Sloan Foundation, and New York University Professor William Baumol. Using different approaches, the three authors point to the ability of public and private sectors to change a country's comparative advantage in ways that can reduce the gains from trade for the United States or other advanced industrial countries. The volume also features a number of commentators who amplify, complement, or question the importance of the findings of the three authors. The conference on new thinking in international trade was made possible through a generous grant of the Alfred P. Sloan Foundation.
NAFTA at 10
Wilson Center Sponsors Conference Celebrating Tenth Anniversary of the Historic Trade Agreement
Ten years ago, President George H.W. Bush, Prime Minister Brian Mulroney, and President Carlos Salinas de Gortari initialed the North American Free Trade Agreement. During this two-day conference, these leaders and other distinguished panelists will discuss the impact of NAFTA on trade, globalization, and further integration of North America.
Amy Wilkinson spoke at the National Governors Association winter meeting in Washington, DC, about how states can foster entrepreneurship by creating the right conditions to attract and grow small businesses.
Sander Gerber, a member of the Center's Board of Trustees, suggests ways our nation can meet current and future energy challenges.
With a still sluggish and struggling global economy, many economists believe that a successfully negotiated trade agreement between the U.S. and E.U. could provide the kind of jolt that many markets need. With negotiations over the proposed Transatlantic Trade Investment Partnership (TTIP) about to heat up, Kent Hughes provides context on what could be a game changing agreement.
The second volume notes that several countries are, in fact, working to change their comparative advantage by making investments in education, research and development, and infrastructure. They are also adopting policies that create an environment that encourages private sector investment and risk taking. In discussing how the United States should respond to the shifting comparative advantage of our trading partners, Senators Lamar Alexander and Jeff Bingaman stress the importance of increased investments in the physical sciences and the need to improve mathematics and science education. Other conference participants focus on policies in key regions of the world and still others urge attention to the U.S. current account and fiscal deficits. The conference on new thinking in international trade was made possible through a generous grant of the Alfred P. Sloan Foundation.
Marking the 10th anniversary of this historic agreement, the Wilson Center convened a two-day conference to assess the impact of NAFTA, the lessons the agreement may hold for deepening North American ties and future trade agreements, and the international effort to “get globalization right.”