If the United States-Mexico-Canada Agreement (USMCA) is approved, this modified and modernized version of NAFTA will govern most economic relationships in North America. David A. Gantz, the Will Clayton Fellow in Trade and International Economics, reviews the USMCA and discusses its positive and negative elements.
There is a growing global momentum to address the critical economic and environmental problem of plastic waste management. Fellow Rachel A. Meidl discusses the key elements and causes of this problem and explores policy actions for reducing the reliance on single-use plastics.
The mix of good short-term prospects for oil revenues along with long-term market uncertainties has a clear policy implication for oil-dependent Latin American economies: use the larger short-term revenues to diversify their economies, nonresident fellow José Antonio Ocampo writes in a new issue brief.
While the U.S. still maintains the overall lead in Nobel prizes (with the exception of literature), the rate at which American scientists have been awarded the prize has declined since the late 1970s. Fellow Kirstin R.W. Matthews and postdoctoral fellow Kenneth M. Evans explore the state of scientific collaboration in the U.S. in this Baker Institute blog: https://bit.ly/2yiNhzF
Kenneth M. Evans, Kirstin R.W. MatthewsOctober 5, 2018
In its primacy over trade matters under the U.S. Constitution, Congress has broad authority over new and existing trade agreements and could seek to block a "modernized" NAFTA that excludes Canada. Whether Congress has the political will or the votes to do so remains to be seen.
Nonresident scholar Elizabeth Salamanca provides an overview of the main types of visas obtained by highly skilled migrants, and how each visa category could potentially change under the Trump administration.
The author examines the impact of NAFTA renegotiations on established processes for trade disputes between investors and states; between states and states; and regarding unfair trade practices.