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.
In the wake of this weekend's elections in France, Greece, and other parts of Europe, headlines across the globe suggest that voters have delivered a major anti-austerity message to their governments. Wilson Center expert Kent Hughes provides analysis and perspective on what political change in France and other countries might mean.
Last week's visit by India's Prime Minister Manmohan Singh, the first such visit by an Indian prime minister in five years, prompted the Wilson Center's Robert Hathaway and Kent Hughes to discuss U.S.-India relations at a recent press briefing. Here they outline their expectations of both this visit and the evolving relationship between the two nations.
Several recent Wilson Center events looked at the aftermath of the global financial crisis and debates over how to prevent another economic debacle.
Deliberate manipulation of foreign exchange rates by a number of countries is one of the most egregious of all unfair trade practices today. By maintaining an artificially low exchange rate, a country in effect imposes an extra charge on imports (equivalent to a tariff) and also gains an unfair trade advantage in the U.S. and third country markets. While this practice has long been recognized as unfair, international trade rules have no effective provisions to address this issue.
This report, which was published in May of 2008, provides background on the growth and development of the biofuels sector and assesses the impacts of biofuels on food security, economic distortions, and the environment. It concludes with a variety of responses to these consequences.The report was prepared under contract on a consulting basis to the Woodrow Wilson International Center for Scholars.
"There are a number of weaknesses [in the U.S. economic system] that are getting worse such as the complexity of the tax code, the ineffectiveness of the political system, fiscal policy, and the K-12 education system,“ said Harvard Business professor Jan Rivkin. In this interview, Rivkin and education expert Paul Vallas prescribe ways for the US to regain its economic edge.
Historically, economic downturns have provided fertile ground for entrepreneurship. Is the same true during the current economic crisis? Amy Wilkinson, who has been studying and reporting on the vital world of entrepreneurs, describes how public policy can spur entrepreneurship and job creation.