Much ink has been spilled on the Obama administration’s bungled response to China’s proposed new Asian Infrastructure Investment Bank (AIIB). Most commentators have criticized the administration for making much ado about nothing. I disagree: important policy issues were at stake.
Across the United States, individuals and small businesses are increasingly buying and selling goods and services online. According to the U.S. Census Bureau, the total value of online transactions in the United States grew from $3 trillion in 2006 to $5.4 trillion in 2012, about a third of U.S. GDP. Increasingly, these transactions are cross border. By 2017, a third of U.S.
On April 22, the Senate Finance Committee will begin marking up legislation sponsored by Senators Hatch (R-UT) and Wyden (D-OR) that would grant trade promotion authority (TPA) to the president, giving him the capacity to negotiate free trade agreements on Congress’s behalf. TPA is seen by many, including U.S.
What benefits does private-sector development provide to the United States? When the government facilitates connections between the U.S. private sector and the private sectors of developing countries, what does the United States get out of it?
The Obama administration recently completed a review of its policy towards Central Asia and has rolled out the main pillars of the United States’ "Enduring Vision for Central Asia " in a series of recent speeches by top officials.
Strengthening the ability of U.S. investment agreements to protect the environment has been a bipartisan policy goal for over a decade.
On March 28, China’s top economic planning agency, the National Development and Reform Commission (NDRC), released a new action plan outlining key details of Beijing’s “One Belt, One Road” initiative. Chinese president Xi Jinping has made the program a centerpiece of both his foreign policy and domestic economic strategy.
The first half of the Budget Session of Parliament concluded on March 20. The Budget itself, as we predicted, was not a muscular reform package (the Budget’s role as a reform tool tends to be wildly overestimated). However, in the last two weeks of Parliament, the government passed critical economic reforms in three other areas.
It is nearly impossible to overestimate the importance of the Trans-Pacific Partnership (TPP) to the United States.
In 2013, India adopted a new Companies Act that redefines corporate governance rules in India. Among its many provisions, the Act includes a soft mandate that medium-size and large companies must contribute 2 percent of their profits (averaged across the previous three years) toward corporate social responsibility (CSR).