TRADE
AP Photo
June 15, 2009
"A New Financial Foundation"
Op-Ed, Washington Post
By Lawrence Summers, Charles W. Eliot University Professor (on leave) and Timothy Geithner
In developing its proposals, the administration has focused on five key problems in our existing regulatory regime -- problems that, we believe, played a direct role in producing or magnifying the current crisis.
June 2009
"Back to the drawing board – regulation and macroeconomics after the crisis"
Policy Memo
By Sir John Gieve, Former Senior Fellow, Belfer Center for Science and International Affairs, Harvard Kennedy School
The financial crisis of the last two years has now led to a profound world recession. It calls not just for emergency measures but for major changes in our longer term policy. We need to go back to the drawing board not just on financial regulation but on macroeconomic policy and on macroeconomics itself.
Photo by Martha Stewart
Summer 2009
"Economic Experts Suggest Causes, Next Steps for Economy"
Newsletter Article, Belfer Center Newsletter
By Sasha Talcott, Director of Communications and Outreach
Global leaders are facing the worst economic crisis since the Great Depression. Though Lawrence Summers, on leave from Harvard Kennedy School and the Belfer Center to serve as director of the National Economic Council, predicted that the sense of "freefall" may end in the next several months, a recovery is likely to still be some distance away. Belfer Center experts offer their thoughts on where the situation is headed, and what policymakers should do now.
Photo by Lindsay Lecky
May 18, 2009
"New York Business Roundtable: Key Takeaways"
Event Summary
By Sasha Talcott, Director of Communications and Outreach
With the U.S. Congress currently debating whether and how to establish a domestic cap-and-trade system to address climate change, the outcome of those discussions is critical to global climate negotiations in Copenhagen and beyond, according to a roundtable discussion on post-Kyoto climate policy hosted by Barclays Capital on April 30, 2009, with insights from the Harvard Project on International Climate Agreements.
The business roundtable in New York, which included participants from a range of industries and key government officials, looked at the implications of U.S. domestic climate policy for the international process, the current state of the Waxman-Markey bill in the U.S. Congress, and the future of national and global carbon markets.
May 2009
"Policy for Energy Technology Innovation"
Book Chapter
By Laura Diaz Anadon, Project Manager, Energy Research, Development, Demonstration & Deployment Policy Project, Energy Technology Innovation Policy research group and John P. Holdren, Former Director and Faculty Chair, Science, Technology and Public Policy Program
"The United States ought to be the leader of the world in the energy technology innovation that is needed. It has the largest economy, uses the most energy (and within that total the most oil), has made the largest cumulative contribution to the atmospheric buildup of fossil carbon dioxide that is the dominant driver of global climate change, has a large balance of payments stake in competitiveness in the global energy technology market as well as a large stake in the worldwide economic and security benefits of meeting global energy needs in affordable and sustainable ways, and possesses by many measures the most capable scientific and engineering workforce in the world. The actual performance of this country in energy-technology innovation, however, has been falling short by almost every measure...."
AP Photo
April 13, 2009
"Which Globalization Will Survive?"
Op-Ed, The Korea Times
By Joseph S. Nye, Harvard University Distinguished Service Professor
"The world economy will shrink this year for the first time since 1945, and some economists worry that the current crisis could spell the beginning of the end of globalization....Globalization has several dimensions, and, though economists all too often portray it and the world economy as being one and the same, other forms of globalization also have significant effects — not all of them benign — on our daily lives."
March 25, 2009
"To lift the US economy, lift sanctions on America's foes"
Op-Ed, Christian Science Monitor
By Bryan Early, Research Fellow, The Dubai Initiative
Facing the economic crisis, the US government should rethink existing economic sanctions' policies.
Winter 2008/09
"Linkage Diplomacy: Economic and Security Bargaining in the Anglo-Japanese Alliance, 1902–23"
Journal Article, International Security, issue 3, volume 33
The Anglo-Japanese alliance of 1902–23 illustrates the importance of economic side payments as a method for forming and maintaining alliances. It also shows, however, the influence of domestic factors on constraining these types of payments. Security concerns often lead a nation to offer side payments to a potential ally, but domestic political constraints, partisanship, and changing strategic needs account for the variation in the economic-security linkage.
October 2008
"Global Environmental Policy and Global Trade Policy"
Discussion Paper
By Jeffrey Frankel, James W. Harpel Professor of Capital Formation and Growth
"The global climate regime and the global trade policy regime are on a collision course. National efforts to reduce emissions of greenhouse gases (GHGs) instill among environmentalists fears of leakage and among businesspeople fears of lost competitiveness. Policy-makers respond to these fears. In 2008, legislative attempts in both Washington, DC, and Brussels to enact long-term targets for reduced emission of GHGs included provisions for possible penalties against imports from countries perceived as non-participating. Trade measures, if well designed, could in theory be WTO-compatible...."
November 2008
Partnership for Progress
Report
By Xenia Dormandy, Former Senior Associate, Belfer Center for Science and International Affairs and Hassan Abbas, Senior Advisor, Belfer Center for Science and International Affairs
The Belfer Center's Xenia Dormandy and Hassan Abbas participated in a working group on the state of Pakistan convened by the Center for American Progress. The resulting report proposes strategies for enhanced security, democratization, and economic growth.
