James A. Dorn is Vice President for Monetary Studies and Senior Fellow at the Cato Institute. His articles have appeared in The Wall Street Journal, Financial Times and South China Morning Post. He has testified before the U.S.-China Security Review Commission and the Congressional-Executive Commission on China.
James is the Vice President for CATO academic affairs, editor of the Cato Journal, and director of Cato's annual monetary conference. His research interests include trade and human rights, economic reform in China, and the future of money.
www.cato.org
Author Article List
Wealth Gap Rhetoric in the Face of Reality
- Published on Monday, May 25, 2015
French economist Thomas Piketty’s best-seller Capital in the Twenty-First Century has given widespread attention to the rising gap between the world’s rich and poor, and to populist calls for government action that lead to more equal distributions of income and wealth. That rhetoric, however, overlooks the reality that any major state role in leveling income-wealth differences risks eroding economic freedom, which is the true engine of economic progress for all people.
Do Sanctions Really Work?
- Published on Sunday, May 24, 2015
Economic sanctions have long been used as the foreign policy tool of choice for nations where diplomacy has failed to yield desired results. Although widely used and despite the fact that some sanctions have remained in place for years, they generally fail to achieve their objectives. In fact, one of the most definitive studies covering 1915 to 2006 indicates comprehensive sanctions are effective no more than 30 percent of the time.
Li Keqiang’s Latin America Trip: More, Not Different
- Published on Saturday, May 23, 2015
With this week’s visit by People’s Republic of China Primer Li Keqiang to Brazil, Colombia, Chile and Peru, some analysts have suggested that the PRC may be turning away from concentrating its engagement with Latin America and the Caribbean on the less market-friendly regimes of the Bolivarian Alliance. I beg to differ. Premier Li’s visit is nothing more and nothing less than the continuation, with ongoing adjustments, of China’s growing multidimensional engagement with the region.
Cuban Thaw Will Reinforce Reform
- Published on Saturday, May 16, 2015
The surprise announcement by President Barack Obama and Cuban President Raúl Castro of an agreement to pursue the normalization of relations has significant positive implications for Cuba’s risk profile. However, policy changes unveiled by Obama in mid-December 2014 do not include a near-term lifting of the trade embargo that has been in place for more than five decades, which will require congressional approval.
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