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224 Results
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Latin America Initiative | Issue Brief
Latin America’s Recent Economic Turmoil
Trade and financial shocks have worsened Latin America’s economic prospects in the past year. Latin America — and South America in particular — are expected to perform poorly into 2016.
José Antonio Ocampo October 13, 2015
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Latin America Initiative | Issue Brief
Brazil's Trade Negotiations Agenda: Moving Away From Protectionism?
Pedro da Motta Veiga, nonresident fellow for the Latin America Initiative, and Sandra Polónia Rios, director of the Centro de Estudos de Integração e Desenvolvimento, discuss the shift away from protectionism in Brazil's trade negotiations.
Pedro da Motta Veiga, Sandra Polónia Rios August 27, 2015
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The Unfavorable Economics of Currency Manipulation Chapters in Trade Agreements
As Congress resumes work this spring on a bill granting Trade Promotion Authority to President Obama for completion of the Trans-Pacific Partnership trade pact, many members have sought inclusion of a chapter on currency manipulation. Currency manipulation is a legitimate concern. However, countermeasures require clear, objective identification of currency manipulation. Both the IMF and the U.S. Treasury Department have mandates to identify currency manipulation, yet neither has done so in the past 20 years. If it can be done, why has it not happened more often? In this issue brief, Russell Green, Will Clayton Fellow in International Economics, reviews the difficulties of operationalizing a currency manipulation chapter and argues that the difficulty of identifying currency manipulation suggests serious political obstacles to implementation.
Russell Green April 27, 2015