Hundreds of millions of people experience an exclusion of a more elementary and devastating kind than any protectionist tariff or tech sanction. They lack the means to join the world economy on anything other than abject terms.

For the complex network of unwitting suppliers, assemblers and distributors of these otherwise everyday devices, there are serious reputational, even legal, penalties of a different nature to now factor into their business risk management plans.

A new paper, Trade Intervention for Freer Trade, Michael Pettis, a nonresident senior fellow in at the Carnegie Endowment for International Peace, and Erica Hogan, a research assistant in the Carnegie Global Order and Institutions program, assess policies that could create a new global trading system that preserves the freedom of nations to direct their economies while harnessing the benefits of trade. Please join Stewart Patrick, director of the Global Order and Institutions Program, for a conversation with Michael Pettis on these and other issues.

By targeting specific trade violations rather than balanced flows, global trade policy has been focusing on the wrong outcome. New trade rules are needed to create an international trading system in which comparative advantage allocates production.

Join Carnegie’s President Mariano-Florentino (Tino) Cuéllar for an in-person fireside chat with India’s External Affairs Minister, Dr. S. Jaishankar, on the future of U.S.-India relations. 

A conversation about how the Biden administration can break up with certain Chinese tech supply chains without severing trade ties with China.