Economics and Globalization News

With Russia, Belligerence Is Easy, Peacemaking Is Tough

Nov 30, 2015
"As long as Russia’s appetite for military force has been growing, Russia’s ability to use soft power, never large in the first place, has been diminishing," writes Maxim Trudolyubov.

Wilson Perspectives: The Trans-Pacific Partnership

Nov 24, 2015
In this edition of “Wilson Perspectives,” our experts provide that context. In 4 original essays, they cover what's new and old in the trade deal, its future in the United States, and its impact around the globe. Bookmark this page, as we'll continue to update it with new insights in the months ahead. For lawmakers, business leaders, and all our audiences, we hope this will be the comprehensive resource on TPP.

The Impact of TPP on Latin America and U.S. Relations with the Region

Nov 23, 2015
The Trans-Pacific Partnership (TPP) includes five Western Hemisphere countries, of which three (Chile, Mexico, and Peru) are in Latin America. Through the TPP, the United States would deepen its economic and strategic partnership with each. The agreement would update and enhance existing free trade agreements between the United States and these nations, a development that is especially important for the North American Free Trade Agreement (NAFTA), which was negotiated more than two decades ago. The TPP would improve the Latin American participants’ access to markets in Asia and boost their exports as a result, and it could also improve their ability to attract foreign direct investment and strengthen their participation in global value chains.

The TPP Remains Key to U.S. Engagement in the Asia-Pacific Region

Nov 23, 2015
For U.S. companies that are already heavily engaged in Asia, the benefits of the Trans-Pacific Partnership (TPP) are, obviously, lower tariffs, higher standards of protection of critical interests (including intellectual property rights), and easier customs processing. What is more, U.S. companies that are the most successful in the Asia-Pacific region are those that are already competitive and are the driving force for future growth, from major manufacturers to service providers. At the same time, the TPP will increase the allure of the United States as a marketplace for Japan, Vietnam, Malaysia, and Singapore as well as Brunei, offering consumers more choices and lower costs.

TPP Countries Will Scrutinize Partners’ Exchange Rate Policies

Nov 23, 2015
The Trans-Pacific Partnership (TPP) does not include binding disciplines against unfair currency practices. Other countries would not sign on to an agreement that includes sanctions against such practices. Instead, TPP countries have issued a “Joint Declaration of the Macroeconomic Policy Authorities of TPP Countries”—a “side agreement” to the TPP—stating that they wish to promote “market-determined and transparent exchange rate regimes that allow real exchange rates to adjust to reflect underlying economic fundamentals.” Each country states that it will refrain from competitive devaluation of its currency.

The Trans-Pacific Partnership: What’s New, What’s Not, What’s Next

Nov 23, 2015
Depending on the source, the TPP has been praised (or panned) as the best (or worst) trade agreement ever negotiated and is regarded as radically different (or nothing new). Which is it? Superlatives aside, there is something in the TPP for everyone—critics and fans alike. The following overview is a guide to what is and is not new in the TPP, and what is next for the United States as a potential TPP participant. It also provides a context for the more specific analyses provided by Wilson scholars Meg Lundsager, Shihoko Goto, and Christopher Wilson.

The Real Reason the Xi-Ma Meeting Was Historic

Nov 09, 2015
"If this meeting is historic, it is for a different reason: it is a chance to say farewell to Ma, who will most likely be the last president elected in Taiwan who still has a “one-China” mentality. This meeting is a farewell to the old tradition and paradigm of cross-Strait relations," writes Zheng Wang.

China's Inroads into the West

Nov 05, 2015
In his article “China’s Inroads into the West,” Global Fellow Nicola Casarini discusses the possible development of new trades routes between China and the EU including the ‘one belt, one road’ (OBOR) initiative. Casarini highlights the impact struggling Chinese markets have on Europe and the Euro, and notes that China is investing in European infrastructure to increase trade access.

How to Make Mexico More Competitive: More Corporate Ethics & State Efficiency, Less Corruption

Nov 04, 2015
Between 2013 and 2014, Mexico approved historically needed reforms to increase competition, strengthen financial markets, reduce energy costs, improve the quality of education, and make labor markets more flexible. Yet, all advances related to Mexico’s reforms have been diluted by major lapses in three areas directly related to rule of law issues: (1) corruption, (2) corporate ethics, and (3) government efficiency.