The indifference and apathy that one finds in Washington from both the Congress and President Barack Obama on the Doha Round of world trade talks, and the alarm and concern expressed by statesmen elsewhere over the languishing negotiations, mark the end of the post-1945 era of American leadership on multilateral free trade.
Economists have been warning of a looming labor shortage in China, raising concerns that wages will rise and China's growth will slow. That could stall economic recovery around the world. Xin Meng, a recent visiting scholar at The Chazen Institute, weighs in.
New research provides the first empirical evidence that quantifies the role of the so-called middleman in developing and expending international trade — data that could play an important role in US trade policy.