News & Commentary:

July 2006 Archives


A New Agenda for Global Warming Recommended!
Joseph Stiglitz (EV) Jul 2006
Joseph E. Stiglitz presents his plan for getting the United States and the Developing World to address global warming, and argues that by failing to address this problem, the United States is implicitly subsidizing energy usage and engaging in unfair trade practices.

'We are now in crisis.' Director-General to try to break impasse
WTO Jul 1, 2006
Ministers have failed to narrow their differences on the "modalities" or template agreements that are needed to compile detailed cuts in tariffs and agricultural subsidies, and members have asked Director-General Pascal Lamy to try to broker a compromise "as soon as possible". Members also shared his assessment that the negotiations are now in crisis.

Recovery in Europe seems to be rolling
IHT Jul 4, 2006
Unemployment in the euro zone dropped to its lowest level in nearly five years in May, while a closely watched survey of business intentions leapt.

Globalization's Hidden Benefits
Richard W. Fisher (YaleGlobal) Jul 4, 2006
Globalization encourages policies that improve the lives of many.

Resuscitating Trade
WP Jul 7, 2006
The Bush administration faces a dilemma in the wake of last weekend's breakdown of world trade talks. It can allow the hope of freer trade to die, comforting itself that this failure is due mainly to the intransigence of the European farm lobby and to grandstanding by developing countries, foremost among them India. Alternatively, the administration can make one last effort to resuscitate the talks by making a more generous offer to cut U.S. farm subsidies. Tempting though it is to denounce the hypocrisy of the Europeans and Indians, the Bush team should overlook their infuriating behavior and offer further concessions.

Get Your Priorities Right
WSJ Jul 8, 2006
A rationalist crusader does the math on global warming.

Afghanistan: IMF loan Adobe Acrobat Required
IMF Survey Jul 10, 2006
Plus: de Rato, African Governors meet; Bank-Fund collaboration; New Zealand, Libya; Chinese monetary policy; Lebanon: reconstruction; Canada: commodity boom; Persian Gulf: statistical agency; ECB monetary policy; WAEMU; Mineral resources

What Is CU "Ownership" Worth to Members?
Alex J. Pollock (AEI) Jul 10, 2006
The recently announced acquisition of Nationwide Federal Credit Union by Nationwide Bank brings a whole new perspective to the credit union conversion issue.

Does the G-8 Suffer from Attention Deficit Disorder?
CGD Jul 10, 2006
As leaders from the world's most powerful nations prepare to gather in St. Petersburg, Russia, this weekend, observers with even a modicum of memory could be forgiven for wondering whether the leaders suffer from Attention Deficit Disorder. After all, it was only one year ago that G-8 leaders met in Gleneagles, Scotland, and--against the background of a massive popular anti-poverty campaign--agreed to do more to reduce global poverty.

China's trade surplus hit a whopping $14.5 billion in June
IHT Jul 11, 2006
China reported a huge trade surplus with the rest of the world for the second consecutive month, setting the stage for further trade tensions with the United States and Europe while increasing pressure on Beijing to revalue the yuan.

Free Trade and Security
WSJ Jul 11, 2006
Giving the cold shoulder to a couple of good friends.

Good Morning, Vietnam Wall Street Journal Subscription Required
Robert E. Rubin (WSJ) Jul 12, 2006
The benefits of normal trade relations.

Why Globalization Isn't a Win-Win Situation
Stephen Roach (MoneyWeek) Jul 12, 2006
Imbalances in China-US trade reflect policy problems from both nations.

Megaplayers Vs. Micropowers
Moisés Naím (FP/YaleGlobal) Jul 12, 2006
In commerce, finance and politics, global instability empowers the smallest players with resources at their disposal.

Aid delay for Airbus may avert trade fight
IHT Jul 13, 2006
In being forced to overhaul the A350, the aircraft maker's decision on whether to ask for government aid will likely be delayed until 2007.

The Death of Doha Signals the Demise of Globalization
Martin Jacques (Guardian/YaleGlobal) Jul 13, 2006
The Doha deadlock foreshadows the end of globalization as we know it.

G-8's drug aid for poor catches an ailment: politics
IHT Jul 15, 2006
Hopes that the Group of 8 leaders meeting in Russia this weekend will agree to a much-anticipated program to help finance vaccines and drugs for the developing world are fading, with competing proposals stalled by political differences and rivalries.

G-8 summit: What we expect from St. Petersburg
IHT Jul 15, 2006
I believe that the G-8 nations will demonstrate their cohesion in St. Petersburg in searching for responses to today's challenges and threats.

Putin Village
WSJ Jul 15, 2006
Russia hosts a G-8 club it shouldn't belong to.

G-8 agrees on broad oil policy
IHT Jul 17, 2006
World leaders at the G-8 summit meeting adopted a resolution on energy policy that touched on alternatives to fossil fuels, but focused mostly on how to bring more oil to the market, and at cheaper prices.

U.S. Border Town, 1,200 Miles From The Border
WP Jul 17, 2006
Georgia's 'Carpet Capital' Relies on Immigrants.

The return of risk Economist Subscription Required
Economist Jul 18, 2006
For once, rising interest rates are something to cheer.

China feels the heat from torrid growth
IHT Jul 19, 2006
The Chinese economy grew at its fastest pace for a decade in the second quarter, increasing pressure on the authorities to introduce measures to rein in runaway growth.

A Good Pass Wall Street Journal Subscription Required
WSJ Jul 19, 2006
The burgeoning trade between New Delhi and Beijing.

After the G8 Economist Subscription Required
Economist Jul 19, 2006
World leaders have finished their meeting in St Petersburg. Russia's Vladimir Putin will count it as a success, though little was achieved.

Development Vs. Free Trade
Bernard K. Gordon (YaleGlobal) Jul 20, 2006
WTO strives for one last chance at wrapping up the Doha Round trade talks.

The dying of the light Economist Subscription Required
Economist Jul 24, 2006
After years of hard negotiations the Doha round of trade talks—that were supposed to boost world trade and help poor countries in particular—have apparently ended in failure.

Seminar on preventing crises
IMF Survey Jul 24, 2006
Plus: Country briefs: Hong Kong SAR and Brazil; France's labor market reform; Seigniorage and governance; Chinese inflation; China's monetary policy; Mekong regional integration; Scaling up aid.

Trade Talks Collapse: Who's to Blame and What Next?
CGD Jul 24, 2006
The totality of the collapse of WTO talks stunned even seasoned negotiators. "It is somewhere between intensive care and the crematorium," India's Trade and Industry Minister Kamal Nath said of the Doha Round. Kimberly Elliott, the author of a new book, Delivering on Doha: Farm Trade and the Poor, and a joint fellow at the Center for Global Development and the Institute for International Economics, explains what happened – and what to expect next.

Trade talks on hold, possibly for years
IHT Jul 25, 2006
Global trade negotiations collapsed, touching off a new round of recriminations between the U.S. and the EU over farm trade barriers.

Illogical Special Trade Deals
James K. Glassman (AEI) Jul 25, 2006
It's perfectly legitimate to hold out the carrot of trade benefits to encourage good behavior and to use the stick of denying duty-free access to punish bad behavior.

America's External Balances
John H. Makin (AEI) Jul 25, 2006
Despite predictions, both the broad trade-weighted dollar and the dollar exchange rate against other major currencies such as the yen and the euro have been remarkably stable.

Doha Is Dead... Wall Street Journal Subscription Required
WSJ Jul 26, 2006
... Long live Doha (or at least free trade).

Doha Aground Wall Street Journal Subscription Required
Bernard K. Gordon (WSJ) Jul 26, 2006
With trade talks "suspended," who wins and who loses?

The failure of Doha
Philip Bowring (IHT) Jul 26, 2006
Can leaders look up for a moment from small wars and minor crises to a fundamental crisis in the arrangements that helped create post-1945 global prosperity?

A Failure for Trade
WP Jul 26, 2006
Politics trumps sense.

All Fall Down
Edward Gresser (YaleGlobal) Jul 27, 2006
Failure of the Doha Round only hurts the poor - but political will from rich nations could salvage a few benefits.

Why Monday's Collapse of the Doha Round Negotiations Is the Best Outcome for Developing Countries
Walden Bello (Focus on the Global South/YaleGlobal) Jul 27, 2006
Doha's many lopsided concessions could have posed problems for poorest countries

US Shares Blame for Trade Talk Collapse
Lael Brainard (WP/YaleGlobal) Jul 28, 2006
Wary of approaching congressional elections, the US president avoids frank talk on the true costs and benefits of globalization.

Will Central Bankers Become Central Planners?
Robert Blumen (Mises Daily) Jul 31, 2006
As if fighting inflation, smoothing out the business cycle, and saving the world from economic crises were not enough, central banks are being advised to include another objective in their mission: the purchase and management of stock portfolios.

IMF to Propose Greater Representation for Developing Countries
CGD Jul 31, 2006
The head of the International Monetary Fund said Monday he plans to propose giving developing countries a greater say in how the IMF is run. IMF managing director Rodrigo de Rato said that he would put forward the proposals to increase developing country representation on the Fund's board ahead of the Annual Meetings of the IMF and the World Bank in Singapore in September.

Home | Economics | Business & Finance | Politics | Law | ICT | Development | News | Research