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North Korea: Witness to Transformation Tracking the Mu Du Bong: Is North Korea at it Again?
Kevin Stahler — July 24, 2014
There are a number of publically-available maritime vessel tracking technologies used for commercial purposes; they also have applications for maritime safety, international security, and surveillance. (A great example of these services is NK News’ ...

Op-ed The Errors of Conservatives Obscure the Case for Trade
Adam S. Posen — July 22, 2014
Twenty years after Bill Clinton, former US president, signed the North American Free Trade Agreement (NAFTA), its very name chills the spines of US voters and congressmen alike.

Op-ed India: Land-Shackled II
Devesh Kapur, T. V. Somanathan and Arvind Subramanian — July 22, 2014
The authors propose four policy reforms to ensure land facilitates rather than impedes development in India.

Op-ed India: Land-Shackled I
Devesh Kapur, T. V. Somanathan and Arvind Subramanian — July 22, 2014
Capital, labor, or land? Which of these is the binding constraint is one diagnostic question India's new government should be asking itself as it seeks to revive the sputtering Indian growth engine.

China Economic Watch The Economics of H2O: Water Price Reforms in China
Ryan Rutkowski — July 22, 2014
In China – as with most countries – the price of water is controlled by the state not the market. The problem with state-control of water prices is that prices are often slow to adjust to supply and demand. Low water prices encourage waste and subsidize water-intensive households and corporations. I ...

China Economic Watch Reforming China’s Capital Markets
Nicholas Borst — July 21, 2014
Over the past decade, China’s bank-dominated financial system has rapidly been transformed into a more diverse system where nonbank financial institutions and capital markets play a large role. Trust loans, entruste ...

Op-ed Sanctions Punish Russia for Arms that Shot Down MH17
Anders Aslund — July 18, 2014
By targeting some of the largest banks in Russia, the United States has limited both the state's and President Vladimir Putin's private financial prowess, while hardly any ordinary Russian savers are being hit.

audio Peterson Perspectives Interview BRICS Summit: New Initiatives but Dubious Clout
Anders Aslund — July 17, 2014
Anders Åslund says Brazil, Russia, India, China, and South Africa have little in common except for anti-Western attitudes, and their latest steps are unlikely to increase their economic and political clout.

RealTime Economic Issues Watch The Obama Administration's Wrong Answer for Corporate "Inversions"
Gary Clyde Hufbauer and Tyler Moran — July 17, 2014
Faced with an exodus of tenants, most owners would immediately correct defects in their buildings. But faced with a wave of corporate "inversions"—namely US firms seeking the corporate nationality of another country—Treasury Secretary Jacob Lew has instead called upon Congress to ...

RealTime Economic Issues Watch Senseless GSP Sanctions against Russia Hurt US Importers
Gary Clyde Hufbauer and Tyler Moran — July 16, 2014
Because economic exchange benefits both parties, sanctions usually harm the sender country as well as the target. Nevertheless sanctions are a handy tool in the conduct of foreign policy, especially when the impact on the target greatly exceeds the impact on the sender. What can't be justif ...

Policy Brief 14-19 US Policies toward Liquefied Natural Gas and Oil Exports: An Update [pdf]
Cathleen Cimino and Gary Clyde Hufbauer — July 15, 2014
Free exports of liquefied natural gas, crude oil, and other energy products are an essential complement of US international economic policy, which has long advocated free trade in raw materials. The Obama White House should prod the Department of Energy, the Department of Commerce, the Federal Energy Regulatory Commission, and other agencies to speed up their approvals of such exports.


China Economic Watch Taking Stock of the Strategic and Economic Dialogue
Nicholas Borst — July 14, 2014
Last week’s high-level bilateral meeting between the United States and China came during a time of increasingly tense relations between the two great powers. A mix of competition and cooperation has always characterized the relationship, but the balance of these two elements has shifted in recent mo ...

RealTime Economic Issues Watch Modi's First Budget for India: Disappointing but Retrievable
Arvind Subramanian — July 11, 2014
Prime Minister Narendra Modi's strategic vision underlying his first budget speech, presented by Finance Minister Arun Jaitley on July 10, calls for an India that needs to grow rapidly and create opportunities for all. But while that vision deserves the highest of grades, the substance and the po ...

RealTime Economic Issues Watch How US Investments in Mexico Have Increased Investment and Jobs at Home
Theodore H. Moran and Lindsay Oldenski — July 11, 2014
Enactment of the North America Free Trade Agreement (NAFTA) 20 years ago was accompanied by dire predictions that an increase in US investment in Mexico would lead to job losses and investment reduction at home. The rhetorical highpoint for this concern was captured by H. Ross Perot's assertion i ...

News Release New Study Examines the Long-Term Sustainability of Euro Area Government Debt
July 10, 2014
WASHINGTON—A new book published by the Peterson Institute for International Economics freshly analyzes the sovereign debt crisis in Europe of the last five years, and concludes that the economies in the southern periphery are solvent and ...

RECENT EVENTS

 

Bill Shorten

Global Growth: Trade, Equity, and Opportunity

Bill Shorten, member of the Australian parliament, speaks at PIIE on the effects of global growth.

William R. Cline

The Road to Global Prosperity

Michael Mandelbaum, Johns Hopkins University School of Advanced International Studies, discusses his new book at PIIE.

Ambassador Eduardo Medina-Mora

Mexico and the United States: Building on the Benefits of NAFTA

On the 20th anniversary of NAFTA, PIIE, the Embassy of Mexico, and the McKinsey Global Institute cohost a conference to present new research challenging false claims and exaggerations about the agreement's harms.

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