Peterson Perspectives: Interviews on Current Issues


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Audio recordings of Peterson Perspectives interviews with Peterson Institute for International Economics research staff, analyzing current economic and political events.

Episode Date
The Trump administration pulled India and Turkey from the US Generalized System of Preferences, a program that offers zero tariffs to imports from poor countries. Soumaya Keynes and Chad Bown explain the decision and how it fits into a broader battle between rich and poor countries around special and differential treatment and how it is holding up progress on WTO negotiations.
Mar 11, 2019
Not to be overshadowed by the Trump-China trade war, this week the WTO issued an important legal ruling on Chinese subsidies. Soumaya Keynes and Chad Bown describe how the Americans had challenged Chinese payments to farmers of corn, wheat, and rice, as well as implications of the WTO ruling for US-China trade relations and the international system.
Mar 03, 2019
Keynes and Bown replay their November 2017 interview with Marcus Noland about his research on implementing trade sanctions on North Korea. First up is Noland's recent book with Stephan Haggard "Hard Target: Sanctions, Inducements, and the Case of North Korea" (Stanford University Press, 2017) and the evidence behind the effectiveness of using trade policy to bring about change in North Korea. They discuss the implications of North Korea’s periods of autarky, and the commitment and coordination challenges facing countries that seek to implement trade sanctions in the modern economy, even when motivated by geopolitical concerns and the nuclear threat posed by the North Korean regime.
Feb 28, 2019
Trade Talks Episode 73: Soybeans and the Trade War Fallout
Soumaya Keynes and Chad Bown discuss the economics of soybeans, a major American export targeted by Chinese tariffs as part of the ongoing US-China trade war. Keynes visits farms in Iowa, and the two explain the impact of competition from Argentina and Brazil, as well as the yo-yo’ing of soybean prices during the ongoing conflict.
Feb 23, 2019
Trade Talks Episode 72: Richard Baldwin on Disruption, Technology and Trade
Soumaya Keynes and Chad Bown sit down with Richard Baldwin (Graduate Institute) to talk about centuries of economic and social change resulting from the combined forces of globalization and new innovations. They also discuss his new book "The Globotics Upheaval: Globalization, Robotics, and the Future of Work" and about how ICT, digital trade, artificial intelligence, machine learning and tele-migrants may soon create social havoc for a very different type of worker than has been forced to adjust in the past.
Feb 14, 2019
Trade Talks Episode 71: Money Matters for Trade
Soumaya Keynes and Chad Bown sit down with Kalina Manova (University College London) to talk about how corporate finance affects international trade. They discuss her research on how access to finance can be a source of comparative advantage, how the financial crisis of 2008–09 contributed to a collapse in global trade, as well as the role that multinational companies sometimes play to help emerging economies overcome poor local financial markets in order to engage in the global economy.
Feb 07, 2019
Trade Talks Episode 70: Nicholas Lardy on the Chinese Economy
Soumaya Keynes and Chad Bown sit down with Nicholas Lardy (PIIE) to talk about his new book “The State Strikes Back: The End of Economic Reform in China?” They discuss the evolution of Chinese economic development since 1978, the role of the private sector, the resurgence of state-owned enterprises under President Xi, and why reform today is so hard.
Jan 30, 2019
Trade Talks Episode 69: Slowbalization
Soumaya Keynes and Chad Bown discuss forces working to slow the pace of globalization. Patrick Foulis (The Economist) joins from Davos, Robert Johnson from the University of Notre Dame and finally Susan Lund of the McKinsey Global Institute from Washington, DC. They describe recent trends, their causes and reasons to be worried. Then Chad talks about his research on tariffs.
Jan 25, 2019
Trade Talks Episode 68: Brexit Votes for Uncertainty
Soumaya Keynes and Chad Bown discuss the rocky departure of the United Kingdom from the European Union. Sam Lowe (Centre for European Reform) joins for an update on the latest political developments as Britain approaches the March 29, 2019 deadline. They then speak with Meredith Crowley (University of Cambridge) and Kyle Handley (University of Michigan) about new research on the economic impact that Brexit-related uncertainty has already had.
Jan 19, 2019
Trade Talks Episode 67: Blood Trade
Soumaya Keynes and Chad Bown speak with Alice Fulwood (The Economist) about what is behind the $150 billion of annual trade in blood plasma products. They cut through the mystery of the exploding trade flows by explaining technological advancements, value-added, regulatory differences across countries that affect supply and demand, and intriguing developments and patterns of the industry’s cross-border supply chains.
Jan 15, 2019
Trade Talks Episode 66: Paul Krugman Talks Trade
Soumaya Keynes and Chad Bown sit down with Nobel Prize-winning economist Paul Krugman (CUNY and New York Times) in a wide-ranging interview about international trade. They discuss NAFTA, labor standards, and the USMCA (2:25); the current toxicity of trade politics (8:00); the wonky economics of comparative advantage versus increasing returns to scale trade (16:55); when and why the trade world changed (21:30); trade’s impact on US wage inequality (25:10); more wonky economics of strategic trade policy (29:30); China’s trade and industrial policy (34:45); what the Trump administration gets right about trade (39:40); and more.
Dec 17, 2018
Trade Talks Episode 65: What Would a Trump-China Deal Look Like?
Soumaya Keynes and Chad Bown explain the recent 90-day agreement between Presidents Trump and Xi that puts on hold further tariff escalation between the United States and China. They speak with Mark Wu (Harvard Law) and former Obama administration official Caroline Atkinson about the complexities of negotiating with China over intellectual property enforcement, cyber theft, and the forced transfer of technology arising through joint ventures.
Dec 09, 2018
Trade Talks Episode 64: (Trade) Dealing with Europe
Soumaya Keynes and Chad Bown speak with veteran trade journalist Alan Beattie (Financial Times) about the complexities of negotiating with the European Union on trade. They discuss the European Union’s dealings with the United Kingdom over Brexit and the Irish border, as well as how it has negotiated with other countries over regulatory differences, mutual recognition agreements, digital trade, and more.
Nov 29, 2018
Trade Talks Episode 63: Can Trump and the EU Strike a Deal?
Keynes and Bown discuss the prospect of negotiations between the United States and the European Union on a trade deal that would meet President Trump’s objectives of zero tariffs, zero nontariff barriers, and zero subsidies. They speak with Arancha Gonzalez (International Trade Centre) about the two partners’ long history of trade frictions, previous negotiating starts-and-stops, and prospects for a bilateral deal this time around.
Nov 21, 2018
Trade Talks Episode 62: Randomized Trade
Keynes and Bown speak with Amit Khandelwal (Columbia Business School) about the impact that exporting has on firm productivity. They discuss his evidence from a randomized control trial that new foreign market access improved how Egyptian firms make and sell rugs and generated learning by exporting.
Nov 09, 2018