Clyde Prestowitz— After becoming President in 2016, Donald Trump abandoned the “positive engagement” trade and investment policies on China that had guided U.S. Presidents since 1982 along with the free trade doctrine that America had embraced since 1948. In response, the U.S. economics and foreign policy establishment exploded, calling these
Given the failure of the World Trade Organization (WTO) Doha round of tariff cuts, the world economy has remained partly closed: agriculture is protected and one cannot freely sell industrial goods to developing nations. After the economic temblors of 2008, the prospect of American and European decline captures headlines and
Two Yale University Press publications, Why Globalization Works (by Martin Wolf) and One World: The Ethics of Globalization (by Peter Singer) were singled out in an important New York Times article on globalization and free trade today. The article, about Harvard economist Dani Rodrik and his argument that the focus