Peterson Institute for International Economics

Archive for June, 2009

  • Obama Needs to Be Bold on Trade

    Op-ed in the Financial Times June 23, 2009 President Barack Obama has let it be known that he is preparing an important speech on trade policy. It cannot come soon enough. His administration has so far been unwilling even to submit the trivial free trade agreement with Panama to Congress, let alone mount any significant […]

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  • Growing Pains for the Euro

    Adam S. Posen, coeditor of The Euro at Ten: The Next Global Currency?, asserts that the euro has helped stabilize the European economy but is also falling short of its potential in the face of the global financial crisis. Recorded April 23, 2009. © Peterson Institute for International Economics. Steve Weisman: This is Steve Weisman […]

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  • The Alien Tort Statute of 1789: Time for a Fresh Look

    In April 2009, the Federal District Court for the Southern District of New York allowed a lawsuit to proceed against US companies that had done business with apartheid South Africa for abetting human-rights violations. In a previous ruling, the Second Circuit Court of Appeals held that firms could be found liable under the Alien Tort […]

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  • US Taxation of Multinational Corporations: What Makes Sense, What Doesn’t

    As the administration and Congress catch their breath from rescuing the economy, their thoughts are quickly turning to other issues—including the structure of the US tax system. Everyone agrees that the US tax system inflicts enormous complexity on the American public. But reform is never easy. Who pays the tax burden ranks among the most […]

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  • A Grand Bargain for Better Policies in India

    Op-ed in the Business Standard, New Delhi May 23, 2009 In the wake of the Indian Congress’ resounding success and the substantially greater role that Rahul Gandhi will play, the question has arisen: What role should this be? One answer is for Rahul Gandhi to assume a lead role in the government’s future poverty eradication […]

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  • The Science of Insolvency

    Main Points The US economic system has evolved relatively efficient ways of handling the insolvency of nonfinancial firms and small or medium-sized financial institutions.1 It does not yet have a similarly effective way to deal with the insolvency of large financial institutions. The dire implications of this gap in our system have become much clearer […]

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