My previous post about Congressional in-fighting preventing the extension of trade preferences was quickly overtaken by events. To my surprise, the lame-duck Congress hammered out a better-than-expected trade package, though it will likely be passed as part of a bloated catch-all bill that has been thrown together in a process that short-changes transparency and accountability.
CGD Policy Blogs
From the Washington Post on December 5, 2006:
It shouldn't matter whether you're conservative or liberal, for globalization or against: Some trade bills are so obviously beneficial and unobjectionable that there's no excuse for letting them languish. This is the case with a raft of measures that would extend trade preferences for poor countries - preferences due to expire at the end of the year.
"Farming has always been--and will always be--an enterprise rife with risk. There needs to be effective risk management strategies. Our argument is that the traditional way is outdated and there are better alternatives to help farmers. Reforms can help both farmers and hungry people."
Bread for the World, 2007 Hunger Report
President Bush called last week’s midterm election results “a thumpin’” as the Democrats took control of both the House and the Senate. Since then, Republicans and Democrats have been promising to work in a “bipartisan way for all Americans.” But what does it mean for global development that the Republicans hold the presidency while the Democrats control the House and Senate?
Nobel laureate Joseph Stiglitz urged at a CGD event that U.S. trade partners ask the WTO for authority to impose countervailing duties on exports of U.S. steel and other energy-intensive products that benefit unfairly from Washington’s refusal to join the Kyoto Protocol limiting carbon and other greenhouse gasses.
There is a precedent for such duties, Stiglitz said, because Washington previously obtained a World Trade Organization ruling in support of a U.S. ban on the import of shrimp caught in Thailand using nets that killed endangered species of turtles.
Fred Bergsten of Institute for International Economics is pushing for creation of a Free Trade Area of the Asia-Pacific Region (FTAAP) -- a plan B to get the world back on track given the faltering Doha Round (See today's Financial Times column.) An FTAAP with the U.S., Japan, and China and the 18 other current members of
I am pleased to announce the release of the 2006 edition of the Commitment to Development Index. Each year the CDI rates and ranks 21 rich countries on how much their policies help or hurt poorer nations. The CDI assigns scores in seven policy areas (foreign aid, trade, investment, migration, environment, security, and technology), with the average being the overall score.