In the past few years the rhetorical back and forth between China and the United States over economic institutional governance has intensified. Along with concerns over the governance of multilateral development banks and the role of China’s currency in the International Monetary Fund, free trade agreements (FTA) have become part of a war of words over the future of the …

  Michael Froman When the winds of change blow, a Chinese proverb says, some people build walls and others build windmills. Given the tremendous environmental challenges the world faces, it’s not enough just to build windmills. We need to develop a range of innovative environmental technologies, and we need to break down barriers to trading them worldwide. Global trade in …

Sharing economy platforms such as Uber and Airbnb have been struggling as some European countries attempt to regulate and make sense of their business. The European Union has finally come up with some guiding principles for its members, mildly telling them that the “collaborative economy,” as the bureaucrats call it, is generally a good thing that shouldn’t be banned. The …