World

Policymakers can use two basic strategies to attract manufacturing investments. These involve attractive incentives — the carrot — which include subsidies, grants, and tax credits, or negative incentives — the stick — which include tariffs and threats. Using credible data that tells a compelling story, I will explain why the carrot has been and will continue to be much more effective than the stick in attracting manufacturing investment.

International trade has lifted millions of people out of poverty, boosted standards of living, and benefitted the United States more than...

Today’s most critical challenges are impacting every American. These include the direction of globalization and Chinese relations...

On January 1, 1997, Hong Kong, effectively seized by Great Britain in war a century before, reverted to Chinese rule.

There are several critical issues facing the United States today. These include the labor shortage and skills deficit, the disruption of supply chains, the new direction of globalization, fear of new Covid variants, and inflation, which is made worse by all these issues. In addition, there are many serious concerns caused by the Russia-Ukraine war...

Give President Joe Biden credit for talking with Vladimir Putin over the latter’s demands for security guarantees. Yet the way forward...

Relations between the U.S. and China took a precipitous dive during the Trump administration and that trajectory unexpectedly continued after President Joe Biden took over. Biden and President Xi Jinping finally talked—virtually, which may become the new norm in the post‐COVID world. Hopefully their online meeting halted the relationship’s rapid descent, but what next?

The U.S. has had a bad military run recently. Rather than fight traditional wars and defeat conventional opponents, Washington attempted nation‐building at gunpoint. That is a daunting task anywhere and at any point in time. Especially problematic was America’s effort to transform Afghanistan, long heralded as the Graveyard of Empires.

2021 marks the 100th anniversary of the Chinese Communist Party and China is celebrating. Since Deng Xiaoping began economic reforms and opening up China in 1978, the country has lifted 800 million people out of poverty, according to the World Bank, and become the world’s second largest economy after the United States. But today, the direction of China’s reform process is unclear, it doesn’t always play by long-established international trade rules, and it’s presenting new ch

I'm a nationally syndicated columnist, author of several books and a speaker on global business, labor, and economic trends. I'm also a beneficiary, not a victim, of dyslexia, a learning disability characterized by reading, writing and decoding difficulties. Why do I say beneficiary? Read on.

<p>Relations between the world’s two most important nations have descended to frigid coexistence if not outright cold war. There are increasing possibilities of a military as well as political clash, with potentially catastrophic consequences.</p>

The business of international trade has become extremely complicated. Due to Covid-19, global supply chain disruptions have become commonplace, especially in China. And even when the risks associated with the pandemic end, the risks associated with supply chains won...

With broad, bipartisan support from Congress, the Biden administration is expected to commence an all‐of-government effort to confront the profound and rapidly multiplying challenges presented by China’s rise. Exactly what the program will entail remains unclear, but neutralizing Beijing’s web of predatory technology policies should be a priority.

The Mongolia Third Neighbor Trade Act (H.R. 2299/S. 1188), which would provide duty-free access to the U.S. market for products made in Mongolia using Mongolian cashmere, stands to be a win-win for the U.S. and Mongolia, a stalwart democratic American ally in Northern Asia. Passage of the legislation, currently languishing in Congress, would benefit

There has been much loose talk of a new Cold War between the U.S. and China. Such a conflict would be potentially disastrous for both countries. Nor is it easy to imagine, given the extensive ties between both peoples. Even with both governments at sharp odds, the nations remain connected, much more so than the...

A few weeks ago, Senator Josh Hawley wrote a New York Times op‐ed calling for “abolishing” the World Trade Organization (WTO). I responded to Hawley’s piece here, pointing out the various ways that he had misunderstood the WTO. Hawley’s op‐ed was apparently intended to lay the foundation for the joint resolution he introduced to withdraw...

Rather like Adolf Hitler’s Thousand Year Reich that ended 988 years early, China’s guaranteed 50 years of freedom for Hong Kong has ended 27 years early. It’s been a good run since 1997, since Beijing left the territory mostly alone for longer than many people expected.

Recent trade battles with China, Mexico, Canada, and Europe have reduced trade flows. Now, with the outbreak of COVID-19 severely impacting international commerce, many argue that globalization will soon be dead. Globalization is not dying. Rather, it’s evolving, and existing trends are accelerating. American companies and workers would be wise to prepare for what’s ahead.

In the New York Times on Tuesday, May 5, Senator Josh Hawley (R-MO) proposed abolishing the World Trade Organization. On the next day came a flood of fact corrections from trade experts exposing the senator’s idea as the spawn of fallacies. Then, on that Thursday, conceding only that the United States can’t “abolish” the WTO...

Beijing no longer has many friends in Washington—for understandable reasons. The entire Chinese government mishandled various stages of the coronavirus outbreak, including hiding the extent of infection and transmissibility to humans, punishing doctors and citizen journalists who sought to report on the looming pandemic, and moving far too slowly on a travel ban from Wuhan...