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Daniel Griswold




Daniel Griswold is senior research fellow and co-director of the Program on the American Economy and Globalization at the Mercatus Center. Before joining the Mercatus Center, Daniel served as president of the National Association of Foreign-Trade Zones (NAFTZ) from 2012 to 2016, representing its members in Washington before Congress and regulatory agencies. From 1997 to 2012, Griswold directed the Cato Institute’s trade and immigration research program.

Daniel is the author of the 2009 Cato book, Mad about Trade: Why Main Street America Should Embrace Globalization. He has testified before congressional committees, commented frequently for TV and radio, authored articles for The Wall Street Journal and other national publications, and addressed business and trade groups across the country and around the world. Before joining Cato, Daniel was editorial-page editor of the Colorado Springs Gazette, a daily newspaper, and a press secretary on Capitol Hill. He holds a bachelor’s degree in journalism from the University of Wisconsin at Madison, and a diploma in economics and an M.Sc. in the Politics of the World Economy from the London School of Economics.

www.mercatus.org

Author Article List



Dangers of the Fed’s Failed Stimulus

The U.S. Federal Reserve Bank’s three rounds of quantitative easing and near-zero target for the federal funds rate have not provided the promised stimulus. The idea that dramatically expanding the Fed’s balance sheet and rapidly increasing the monetary base would revitalize the real economy is a fantasy. Printing fiat money does not lead to economic growth.

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The Need To Expand Internationally Has Never Been Greater

U.S. economic growth dipped 2.9 percent in the first quarter of 2014 and is unlikely to exceed 2 percent this year. Projections for the European Union (EU), at 1.6 percent, and Emerging Markets, at 4.9 percent, also remain low, according to the International Monetary Fund (IMF). Nevertheless, Emerging Market projections are considerably higher than the United States’. Consequently, for many U.S. firms interested in higher returns, international expansion is essential.

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Thailand's Democracy Is on Hold

The court-ordered removal of Prime Minister Yingluck Shinawatra on the grounds of abuse of power proved to be the final nail in the coffin for the troubled PTP government that came to power on a wave of popular optimism in 2011. Growing street protests and clashes between the red-shirted supporters of the PTP (and exiled former Prime Minister Thaksin Shinawatra) and their yellow-shirted opponents threatened to trigger an escalating cycle of violence.

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Will China Really Become the World’s Largest Economy this Year?

In 2013, U.S. Gross Domestic Product (GDP), at $16.8 trillion, was nearly twice China’s $9 trillion, according to the International Monetary Fund (IMF). But when adjusting for Purchasing Power Parity, which is estimated to reflect the “real cost of living” across countries, China’s economy is projected to surpass the United States’ later this year, says the International Comparison Program (ICP). Is this realistic?

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