The rules of trade and of the global economy are failing too many. Due to false assumptions about the role of markets and the role of government in our economy, policymakers have narrowed their idea of international trade over the last 40 years, harming workers and hindering economic potential. By expanding our understanding of markets

FOR IMMEDIATE RELEASE: July 30, 2019 CONTACT: Kendra Bozarth, kbozarth@rooseveltinstitute.org Reviving Industrial Policy and Economy-Wide Planning in the Time of Global Crises New Roosevelt report explores the role of democratic industrial policy in tackling America’s greatest global threats The US faces numerous challenges—from climate change to trade competition—that make a more robust industrial policy and

To address the existential threat of climate change, the international community must come together and rewrite the rules. In a new working paper, Roosevelt Fellow Todd Tucker argues that a global Green New Deal—in tandem with a domestic Green New Deal—can both remake an international trade infrastructure in crisis and decarbonize the global economy in

After a few decades’ absence, industrial policy is back in the national conversation, with support from leading academics, grassroots movements, and politicians ranging from Sen. Elizabeth Warren to Sen. Marco Rubio. Despite its dormancy in the public debate, industrial policy and planning lie at the heart of many capitalist economies—and both should anchor the future

Tweetstorm on Trade

It has been a big day for NAFTA 2.0, and not in good way.  Here’s more—adapted from a twitter thread—on developments of the last 24 hours – including Pence’s Canadian visit, Lighthizer’s submission of NAFTA text to Congress, and Trump’s impetuous launching of a trade offensive against Mexico… Pence’s Canada trip seemed like a desperate

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FOR IMMEDIATE RELEASE: April 18, 2019 CONTACT: Ariela Weinberger, aweinberger@rooseveltinstitute.org Roosevelt Fellow and Trade Expert Responds to Latest on New NAFTA Today, the US International Trade Commission issued the government’s official projection for the impact of the Trump administration’s remake of the 1993 North American Free Trade Agreement (NAFTA). The report estimates that NAFTA 2.0

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Corporate profits are at record highs and unemployment is below 5 percent, yet 40 percent of Americans say that they would not be able to meet a $400 emergency. For too long we’ve been guided by the 50-year-old myth that fewer regulations and lower taxes on corporations and the wealthy will lead to economic growth

Companies today are not working the way that most Americans, policymakers, or the media think that they do. To fight inequality, we need to rewrite the laws that guide corporations. We must first, however, change the way that people understand the role of the American firm in our economy and explore how we can deploy

Over the weekend, the Trump administration announced plans to terminate the 1993 North American Free Trade Agreement (NAFTA) to force a skeptical Congress to accept his repackaged 2.0 version. This risky gambit is based on a faulty premise: The executive branch lacks constitutional authority to roll back NAFTA’s implementing legislation. While the president can formally

For most Americans, the most controversial—and famous—summit meeting of the Second World War remains the Yalta Conference, where, in the minds of many conservative critics, Winston Churchill and Franklin Roosevelt essentially handed over control of Poland and much of Eastern Europe to the Soviet Union. What is often overlooked, however, is that most of the

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