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David Dollar, the host of Dollar and Sense, passed away on October 6, 2023. In this final episode of his podcast, David's friends and colleagues pay tribute to his work as a U.S. official and scholar, as a mentor and colleague, as a podcast host, and ultimately as a family man. Show notes and transcript Dollar & Sense is part of the Brookings Podcast Network. Learn more at brookings.edu/podcasts, and send feedback to podcasts@brookings.edu.
Caitlin Welsh, director of the Global Food and Water Security Program at the Center for Strategic and International Studies (CSIS), reviews global food insecurity, noting that malnourishment extends beyond just hotspot countries, potentially affecting over 40% of people worldwide. She discusses shocks that have affected food security and agricultural trade, such as Russia's invasion of Ukraine, COVID-19, and India's restriction on exports of rice in 2022, and also comments on foreign entities' purchases of agricultural land around the world. Show notes and transcript Dollar & Sense is part of the Brookings Podcast Network. Learn more at brookings.edu/podcasts, and send feedback to podcasts@brookings.edu.
Ryan Hass, newly appointed director of the John L. Thornton China Center at the Brookings Institution, talks with host David Dollar about the themes and ideas the China Center will be focusing on in the next few years. Hass also reviews the state of U.S.-China relations under the Biden administration, how domestic politics—including Taiwan's—matter in the U.S.-China competition, and his vision of a best case scenario for U.S.-China relations in the coming decade. Show notes and transcript Dollar & Sense is part of the Brookings Podcast Network. Learn more at brookings.edu/podcasts, and send feedback to podcasts@brookings.edu.
Samantha Gross, director of the Energy Security and Climate Initiative at Brookings, talks with David Dollar about whether we can attribute the growing number of extreme weather events and disasters to climate change. Gross says global temperature rise makes these events more likely, but also notes that international cooperation to reduce carbon is having a positive effect on average temperature rise. Show notes and transcript Dollar & Sense is part of the Brookings Podcast Network. Learn more at brookings.edu/podcasts, and send feedback to podcasts@brookings.edu.
U.S. Treasury Secretary Janet Yellen recently visited China and met with senior Chinese economic and political officials. Mark Sobel, U.S. chairman of the Official Monetary and Financial Institutions Forum, reflects on her trip, and says U.S.-China dialogue on economic and other global issues is imperative. “I believe that if the world's two largest economies … aren't talking,” Sobel says, “whether they agree or not, that's a very bad thing for themselves and the world.” Show notes and transcript Dollar & Sense is part of the Brookings Podcast Network. Learn more at brookings.edu/podcasts, and send feedback to podcasts@brookings.edu.
Wendy Edelberg, senior fellow and director of The Hamilton Project at Brookings, discusses the positive impact of immigration on the dynamism and fiscal sustainability of the U.S. economy. She also explains her research on the impact immigrants have on local, state, and federal finances. As a whole, immigrants are a net benefit to the U.S. economy, but based largely on immigrants' education levels, the fiscal cost is disproportionately paid by certain state and local areas. Together with co-author Tara Watson, Edelberg proposes a way to redirect some of the federal gains to these communities, piggy-backing on existing programs. Show notes and transcript Dollar & Sense is part of the Brookings Podcast Network. Learn more at brookings.edu/podcasts, and send feedback to podcasts@brookings.edu.
In the week of India Prime Minister Narendra Modi's State Visit to the U.S., Tanvi Madan, senior fellow in Foreign Policy and director of the India Project at Brookings, discusses the state of U.S.-India relations, a strategic technology partnership between the two countries, and how global issues like the Russia-Ukraine war and China factor into the relationship. Madan also looks ahead to India's objectives when it hosts the next G-20 Summit in September. Show notes and transcript Dollar & Sense is part of the Brookings Podcast Network. Learn more at brookings.edu/podcasts, and send feedback to podcasts@brookings.edu.
David Wessel, senior fellow and director of the Hutchins Center on fiscal and Monetary Policy at Brookings, joins host David Dollar to discuss what's in the debt ceiling deal reached between President Biden and House Speaker Kevin McCarthy. The deal, signed into law by the president on June 2, averts a debt default that was expected as early as June 5. Wessel explains the deal's broad provisions, it's impact on fiscal policy, and whether it resolves the long-term budget and debt issues. Show notes and transcript Dollar & Sense is part of the Brookings Podcast Network. Learn more at brookings.edu/podcasts, and send feedback to podcasts@brookings.edu.
Brookings Senior Fellows Richard Bush and Ryan Hass, co-authors with Bonnie Glaser of a new Brookings Press book on U.S.-Taiwan relations in the context of China's challenge, argue that tensions between the PRC and Taiwan can only be resolved with the assent of Taiwan's people. Taiwan's presidential election result in 2024 will also affect how much pressure Beijing applies to cross-Taiwan Strait relations, they explain. Show notes and transcript: https://bit.ly/41avgjl Dollar & Sense is part of the Brookings Podcast Network. Learn more at brookings.edu/podcasts, and send feedback to podcasts@brookings.edu.
In this special edition of “Dollar & Sense,” host David Dollar presents the first episode of a new podcast miniseries from Brookings: "Reimagine Rural," in which host Tony Pipa, a senior fellow at Brookings, visits rural towns across America, listening as local people tell the story of how they are enacting positive change in their communities and learning how public investment in rural people and places can lead to increased and equitable prosperity. Show notes and transcript: https://brook.gs/3AZXS3R Dollar & Sense is part of the Brookings Podcast Network. Learn more at brookings.edu/podcasts, and send feedback to podcasts@brookings.edu.
In this special edition of "Dollar & Sense," host David Dollar presents the first episode of a new podcast miniseries from Brookings: "Climate Sense," hosted by energy and climate expert Samantha Gross, a fellow in Foreign Policy at Brookings and director of the Energy Security and Climate Initiative. Show notes and transcript: https://brook.gs/3sUj2M7 Dollar & Sense is part of the Brookings Podcast Network. Learn more at brookings.edu/podcasts, and send feedback to podcasts@brookings.edu.
David Victor, a professor of innovation and public policy at the School of Global Policy and Strategy at UC San Diego and nonresident senior fellow at Brookings, joins David Dollar to discuss “Fixing the Climate: Strategies for an Uncertain World,” a new book he coauthored with Charles Sabel. Victor explains why global climate diplomacy and treaties that prescribe top-down solutions to climate change are not working. He argues solving the climate crisis will require local experimentation and cooperation between governments and the private sector to push the technological frontier and identify innovative solutions. Dollar & Sense is part of the Brookings Podcast Network. Learn more at brookings.edu/podcasts, and send feedback to podcasts@brookings.edu.
Darrell West, vice president and director of Governance Studies at Brookings, discusses his new report, “Six ways to improve global supply chains.” In the conversation, West and host David Dollar discuss the recommendations for addressing recent snarls in supply chains resulting from the COVID-19 pandemic, the Ukraine war, and the trade conflict between the U.S. and China. Show notes and transcript: https://brook.gs/3v4M9xB Dollar & Sense is part of the Brookings Podcast Network. Send feedback to podcasts@brookings.edu, and follow us on Twitter at @policypodcasts.
Douglas Rediker, founding partner of International Capital Strategies and a nonresident senior fellow at Brookings, discusses a range of global economic challenges that G7 leaders tackled in their recent summit in Germany. These include a U.S. proposal to cap the price of Russian energy exports (and why Rediker is skeptical about it); Russia's default on sovereign debt and the risk of debt default in developing countries; the role of Chinese lending in developing economies; and the enormous cost of rebuilding Ukraine and who might bear it. Show notes and transcript: https://brook.gs/3yRfG0a Dollar & Sense is part of the Brookings Podcast Network. Send feedback to podcasts@brookings.edu, and follow us on Twitter at @policypodcasts.
Douglas Irwin, a professor at Dartmouth College and expert in the history of trade policy, talks with host David Dollar about some of the key events in trade liberalization in developing countries. From Taiwan to South Korea, and from Vietnam to some countries in Latin America and Africa, Irwin shares insights on how certain developing countries shifted to an export-strategy in the decades following World War II and began to integrate into the global economy. Show notes and transcript: https://brook.gs/3xfHI3s Dollar & Sense is part of the Brookings Podcast Network. Send feedback to podcasts@brookings.edu, and follow us on Twitter at @policypodcasts.
Arvind Subramanian, senior fellow at Brown University's Watson Institute and Center for Contemporary South Asia, and former chief economic advisor to the Government of India, talks with host David Dollar about a range of trade and foreign relations issues India faces. In particular, he explains why globalization is shifting in India's favor rather than China's, how India views trade relations with China, Russia, and the West, and prospects for continued good relations with the United States, especially as India takes a more neutral stance on Russia's war against Ukraine. Show notes and transcript: https://brook.gs/3xutMEm Dollar & Sense is part of the Brookings Podcast Network. Send feedback to podcasts@brookings.edu, and follow us on Twitter at @policypodcasts.
Samantha Gross, director of the Energy Security and Climate Initiative at Brookings, talks with host David Dollar about the Ukraine war's impact on energy prices. Gross explains the impact Russia's war on Ukraine is having on natural gas supplies and prices, oil markets, and whether the U.S. should increase natural gas exports to Europe. Show notes and transcript: https://brook.gs/3J7eaZW Dollar & Sense is part of the Brookings Podcast Network. Send feedback to podcasts@brookings.edu, and follow us on Twitter at @policypodcasts.
Indermit Gill, vice president for equitable growth, finance, and institutions at the World Bank and a Brookings nonresident senior fellow, talks with host David Dollar about how economic growth in developing countries has been affected by COVID and now the war in Ukraine. Gill explains that pre-existing vulnerabilities in developing countries and potential disruptions in energy, food, and commodities from the war may affect poorer countries much more than rich ones. Show notes and transcript: https://brook.gs/3JoKXKO Dollar & Sense is part of the Brookings Podcast Network. Send feedback to podcasts@brookings.edu, and follow us on Twitter at @policypodcasts.
Douglas Rediker, a nonresident senior fellow in the Global Economy and Development program at Brookings and in the Center on the United States and Europe, talks with David Dollar about sanctions imposed on Russia for its invasion of Ukraine by the United States, Europe, and other nations. Rediker addresses a number of issues, including whether cutting Russian banks off SWIFT will make any difference, export control limitation of U.S. tech to Russia, the impact of sanctions on Russia's energy sector, and if it's possible to impose sanctions on Russian oligarchs. Show notes and transcript: https://brook.gs/3IC3hj1 Dollar & Sense is part of the Brookings Podcast Network. Send feedback to podcasts@brookings.edu, and follow us on Twitter at @policypodcasts.
Vanda Felbab-Brown, senior fellow in Foreign Policy and director of the Initiative on Nonstate Actors at Brookings, joins David Dollar to talk about her research on illicit economies—including drug trafficking (fentanyl, meth, precursors) and wildlife trafficking—in China, Mexico, and elsewhere. Show notes and transcript: https://brook.gs/3JE9PxF Dollar & Sense is part of the Brookings Podcast Network. Send feedback to podcasts@brookings.edu, and follow us on Twitter at @policypodcasts.
Donald Kohn, senior fellow in Economic Studies at Brookings and a former vice chair of the Federal Reserve Board, joins David Dollar to explore a range of issues on inflation in the U.S., including how the COVID-19 pandemic and the macro response to it have contributed to inflation, the role of monetary and fiscal policy in addressing it, and how inflation affects trade and exchange rates. They end with some policy ideas for the Biden administration. Show notes and transcript: https://brook.gs/3sdtKg5 Dollar & Sense is part of the Brookings Podcast Network. Send feedback to podcasts@brookings.edu, and follow us on Twitter at @policypodcasts.
Listening for America, a non-profit, non-partisan organization, recently released a report on what Americans from all walks of life really think about international trade and globalization. To discuss the report and its findings, host David Dollar is joined by Listening for America president Catherine Novelli, who has served in numerous trade policy roles in government and in the private sector. Show notes and transcript: https://brook.gs/3rBJw41 Dollar & Sense is part of the Brookings Podcast Network. Send feedback to podcasts@brookings.edu, and follow us on Twitter at @policypodcasts.
Peter Petri, a professor at Brandeis International Business School and a nonresident senior fellow in the John L. Thornton China Center at Brookings, joins David Dollar to discuss recent developments in Asian trade agreements and to look at regional trade issues in 2022. These include CPTPP—the Comprehensive and Progressive Agreement for Trans-Pacific Partnership—and RCEP, the Regional Comprehensive Economic Partnership, which Petri says “could be a pivotal point in economic history.” Show notes and transcript: https://brook.gs/3f0YGtI Dollar & Sense is part of the Brookings Podcast Network. Send feedback to podcasts@brookings.edu, and follow us on Twitter at @policypodcasts.
Gian Maria Milesi-Ferretti, senior fellow with the Hutchins Center on Fiscal and Monetary Policy, joins David Dollar to discuss his recent article on what he calls a “most unusual recovery” in the U.S. from the pandemic recession. Milesi-Ferretti analyzes U.S. GDP compared other G7 countries, and explores salient issues including exports and imports, private and government consumption, and consumer inflation. Show notes and transcript: https://brook.gs/3IW9DKT Dollar & Sense is part of the Brookings Podcast Network. Send feedback to podcasts@brookings.edu, and follow us on Twitter at @policypodcasts.
Mireya Solís, director of the Center for East Asia Policy Studies at Brookings, joins David Dollar for a conversation on reforming and modernizing the World Trade Organization so that it can meet today's challenges, which include response to the pandemic, shoring up global supply chains, increasing living standards, and environmental sustainability. Solís highlights erosion in the WTO's three central functions and asks whether its members can prevent it from becoming irrelevant. Show notes and transcript: https://brook.gs/31ppX5m Dollar & Sense is part of the Brookings Podcast Network. Send feedback to podcasts@brookings.edu, and follow us on Twitter at @policypodcasts.
Eswar Prasad, Brookings senior fellow and a professor at Cornell University, joins host David Dollar to discuss the state of China's economy and U.S.-China relations. Prasad addresses a range of issues, including why China's economy is slowing, whether China's currency might be used as an international reserve currency, and what happened at the recent online summit between President Joe Biden and Chinese President Xi Jinping. Show notes and transcript: https://brook.gs/30DCvX5 Dollar & Sense is part of the Brookings Podcast Network. Send feedback to podcasts@brookings.edu, and follow us on Twitter at @policypodcasts.
This episode we're discussing the state of US-China trade relations with David Dollar. David is a senior fellow in the John L. Thornton China Center at the Brookings Institution and host of the Brookings trade podcast, Dollar&Sense. We discuss David's reaction to USTR Katherine Tai's recent strategy outline of the US trade strategy towards China. David offers his thoughts on Tai's stance on a structured "recoupling" between the US and China, and why he believes the US should rethink its tariffs on China. We also discuss the use of reciprocity between the US and China on trade and market access issues, and on what to expect for 2022 trade talks.
As the global climate change conference (COP26) continues in Glasgow, climate expert David Victor joins host David Dollar to talk about what's been happening in Scotland and whether it will be viewed as a success. Victor, a professor of innovation and public policy at UC San Diego and co-director of the university's Deep Decarbonization Initiative, discusses a range of issues, including whether countries are meeting their Paris Agreement commitments to reduce emissions, the target of $100 billion per year in climate aid for developing counties, and where the U.S. and China might be able to cooperate on climate issues. Show notes and transcript: https://brook.gs/3bGu1QF Dollar & Sense is part of the Brookings Podcast Network. Send feedback to podcasts@brookings.edu, and follow us on Twitter at @policypodcasts.
Brookings Senior Fellow Vanda Felbab-Brown joins David Dollar to discuss the threat of biodiversity loss worldwide. Felbab-Brown explains the ominous trends in habitat and species loss—including the spread of illegal wildlife trafficking, the contributing role of human activity, and the compounding effects of climate change—and why the recent UN Biodiversity Conference in Kunming, China, was “underwhelming.” But, she says, trade that is well designed, monitored, and managed can give humans an incentive to preserve natural habitat. Show notes and transcript: https://brook.gs/3GfZQ10 Dollar & Sense is part of the Brookings Podcast Network. Send feedback to podcasts@brookings.edu, and follow us on Twitter at @policypodcasts.
Brookings senior fellow Fiona Hill, a leading expert on Russia and Vladimir Putin and former senior director for European and Russian affairs on the National Security Council, joins David Dollar to discuss her new book, “There Is Nothing for You Here: Finding Opportunity in the 21st Century” (Mariner Books). In her memoir, Hill describes growing up in a rapidly de-industrializing and decaying area in northeast England in the 1970s and ‘80s, how she came to study Soviet and Russian affairs in college, and how rapid economic transformations have led to the rise of populist leaders in Russia and recently in the United States. Hill tells Dollar that we need collective will that transcends politics to deal with current and emerging challenges in the U.S. and abroad. Dollar & Sense is part of the Brookings Podcast Network. Send feedback to bcp@brookings.edu, and follow us on Twitter at @policypodcasts.
The vast majority of global trade today moves by sea, so control of the world's oceans has become critical for both commerce and security. In this episode, Brookings Senior Fellow Bruce Jones joins David Dollar to discuss evolutions in sea-based trade, including the growing size of container ships, threat of modern piracy, explosion of data flows, and the transformation of global value chains. Jones draws on his experience visiting ports around the world and sailing on one of the largest container ships to illustrate the mechanics of sea-based trade. He shares details from his travels in this conversation and his new book, “To Rule the Waves: How Control of the World's Oceans Shapes the Fate of the Superpowers.” Dollar & Sense is part of the Brookings Podcast Network. Send feedback to bcp@brookings.edu, and follow us on Twitter at @policypodcasts.
Around the world, the middle class is expanding at a rate we have never seen before in history. Homi Kharas, a senior fellow in the Center for Sustainable Development at Brookings, joins David Dollar in this episode to discuss how that global middle class is defined and where growth is concentrated. Kharas also explains how preferences among the global middle class will affect production, trade, regional value chains, and efforts to address climate change for years to come. Dollar & Sense is part of the Brookings Podcast Network. Send feedback to bcp@brookings.edu, and follow us on Twitter at @policypodcasts.
Afghanistan has received enormous amounts of foreign aid over the years, but despite the investment of funds and various efforts to build state capacity, the government quickly fell to the Taliban after the withdrawal of U.S. forces. To discuss what capacity-building efforts accomplished and why they ultimately fell short, David Dollar is joined by Jennifer Brick Murtazashvili, director of the Center for Governance and Markets at the University of Pittsburgh. Murtazashvili explains why the government's unwillingness to reform led to the rapid unravelling witnessed earlier this month. She also describes how Taliban rule may impact women in Afghanistan, the opium trade, and the delivery of international aid. Dollar & Sense is part of the Brookings Podcast Network. Send feedback to bcp@brookings.edu, and follow us on Twitter at @policypodcasts.
The COVID-19 pandemic has been the greatest shock to the international order in decades, and unlike previous shocks, major powers like the United States did not step up to lead the world through it. Thomas Wright joins this episode to explain how that leadership vacuum shaped the pandemic response and has contributed to the rewriting of the postwar order. Wright is a co-author of the new book “Aftershocks: Pandemic Politics and the End of the Old International Order,” which examines the political backdrop of the pandemic and how institutions performed once it arrived. He and David Dollar discuss why some economic institutions like central banks proved to be quite resilient and what the overall lack of international coordination means for the United States, China, and the global balance of power. Dollar & Sense is part of the Brookings Podcast Network. Send feedback to bcp@brookings.edu, and follow us on Twitter at @policypodcasts.
The 2020 Tokyo Olympics were supposed to showcase Japan's resilience in the face of major setbacks and be a crowning event at the end of former Prime Minister Shinzo Abe's term in office, but the COVID-19 pandemic and a yearlong delay have threatened this narrative. Mireya Solís, director of the Center for East Asia Policy Studies at Brookings, joins David Dollar to discuss the political and economic background of these Olympic Games. Solís explains why it was important for Japan to tell a story of renewal after the Triple Disaster of 2011 and a period of economic stagnation. She also describes what the Olympics mean for current Prime Minister Yoshihide Suga and for Japan's relations with other countries in the region. Dollar & Sense is part of the Brookings Podcast Network. Send feedback to bcp@brookings.edu, and follow us on Twitter at @policypodcasts.
From widespread protests in Cuba to the assassination of Haitian President Jovenel Moïse, recent unrest across Latin America has brought new attention to political and economic issues in the region and created diplomatic challenges for the Biden administration. To discuss how the United States should engage with Latin America, David Dollar is joined by Santiago Levy, a nonresident senior fellow in the Global Economy and Development program at Brookings and senior advisor to the United Nations Development Program. Levy describes the negative effects of U.S. policy toward Cuba, his concerns about sovereign debt in the region, and how the U.S. could work with Latin American governments to rethink development strategies in order to achieve socially inclusive growth. Then, the conversation turns to Progresa-Oportunidades, a conditional cash transfer program Levy helped design during his career in public service in Mexico, and what lessons it could provide for similar economic programs proposed by the Biden administration. Dollar & Sense is part of the Brookings Podcast Network. Send feedback to bcp@brookings.edu, and follow us on Twitter at @policypodcasts.
When the leaders of G-7 countries met in Carbis Bay last month, they announced a new Build Back Better World (B3W) plan to support infrastructure projects in low- and middle-income countries and respond to China's Belt and Road Initiative. There are few details of exactly how the B3W partnership will work, and there are questions about whether focusing on infrastructure is the best way for the United States and its partners to counter China on the global stage. In this episode, Howard W. French joins David Dollar to discuss the challenges B3W will face and why the West would be better off competing in areas where it already has relative advantages. Dollar & Sense is part of the Brookings Podcast Network. Send feedback to bcp@brookings.edu, and follow us on Twitter at @policypodcasts.
Digital currencies like Bitcoin often make headlines for the massive swings in their value, but beyond the intrigue of skyrocketing and plummeting prices the rising popularity of cryptocurrencies poses serious questions for financial institutions and monetary policy. Eswar Prasad joins David Dollar for a conversation on the digitalization of money and what digital currencies could mean for the future of cash, international payments, and the strength of the U.S. dollar. Prasad also explains why some central banks have hesitated to introduce digital currencies while others have embraced them. Dollar & Sense is part of the Brookings Podcast Network. Send feedback to bcp@brookings.edu, and follow us on Twitter at @policypodcasts.
While the United States has made great strides in vaccinating its population, many low- and middle-income countries are far behind and lack the supply of COVID-19 vaccines they need. Matthew M. Kavanagh joins David Dollar in this episode to explain what could be done to increase the global production of vaccines, including a proposal to waive the World Trade Organization rules protecting the intellectual property for vaccine technology. Dollar & Sense is a part of the Brookings Podcast Network. Send feedback to BCP@Brookings.edu and follow us at @policypodcasts on Twitter.
A global shortage of semiconductors has created serious anxiety in some industries and even caused automakers to halt production in several factories across North America. What led to this shortage, and is there anything manufacturers or the Biden administration can do to meet demand? David Dollar is joined by Don Clark, a contributor to The New York Times, to discuss the factors that triggered the recent supply issues and the potential implications for the future of chip manufacturing in the United States. Dollar & Sense is a part of the Brookings Podcast Network. Send feedback to BCP@Brookings.edu and follow us at @policypodcasts on Twitter.
President Biden has outlined a sweeping infrastructure plan that aims to address both historic needs—like bridges, tunnels, and roads—and modern challenges from climate change and digitalization. Adie Tomer, a fellow in the Metropolitan Policy Program at Brookings, argues that this type of investment would create good paying jobs, improve equity, and make American businesses more globally competitive. Tomer joins David Dollar in this episode to discuss the potential of a major infrastructure investment before turning to the politics of passing Biden’s $2.3 trillion plan and how to pay for it. Dollar & Sense is a part of the Brookings Podcast Network. Send feedback to BCP@Brookings.edu and follow us at @policypodcasts on Twitter.
Overseas research and development conducted by U.S. multinational corporations has grown nearly four-fold in the last two decades, and much of that growth has been in developing economies. Britta Glennon, an assistant professor in the Wharton School of Business at the University of Pennsylvania, joins David Dollar in this episode to explain what’s behind this growth and which countries have become new hubs for R&D investments. Glennon and Dollar also discuss the national security implications of this trend and what it signals about the likelihood of any decoupling between the U.S. and China. Dollar & Sense is a part of the Brookings Podcast Network. Send feedback to BCP@Brookings.edu and follow us at @policypodcasts on Twitter.
Alexia Latortue, the deputy chief executive officer of the Millennium Challenge Corporation (MCC), joins David Dollar for a conversation about the MCC and how it has been impacted by the COVID-19 pandemic. Latortue and Dollar discuss strategies for building infrastructure and institutional capacity in developing countries, concerns over growing debt levels in many countries, and challenges facing U.S. foreign assistance programs today. Dollar & Sense is a part of the Brookings Podcast Network. Send feedback to BCP@Brookings.edu and follow us at @policypodcasts on Twitter.
How will a new allocation of special drawing rights affect the global economy? Could International Monetary Fund (IMF) member countries do more to support low-income countries and afford more debt relief? And what effects will the recent $1.9 trillion U.S. recovery package have on emerging markets and currency disputes? Mark Sobel is the U.S. chairman of the Official Monetary and Financial Institutions Forum and previously represented the U.S. on the IMF’s executive board. He joins David Dollar to preview the IMF Spring Meetings and discuss current issues in U.S. monetary policy. Dollar & Sense is a part of the Brookings Podcast Network. Send feedback to BCP@Brookings.edu and follow us at @policypodcasts on Twitter.
Americans have grown increasingly anxious about a rising China challenging the United States on the world stage, but the U.S. remains the stronger power in many ways. In this episode, Ryan Hass joins David Dollar to discuss the current state of U.S.-China relations and argue for a new China policy that’s rooted in the relative advantages that America possesses. Hass is the author of a new book, “Stronger: Adapting America’s China Strategy in an Age of Competitive Interdependence.” Dollar & Sense is a part of the Brookings Podcast Network. Send feedback to BCP@Brookings.edu and follow us at @policypodcasts on Twitter.
The recent power blackouts in Texas have raised serious questions about the state’s energy grid and how it is regulated. Jeffrey Ball joins David Dollar in this episode to explain what exactly went wrong and how policy decisions contributed to the crisis. Ball is a scholar-in-residence at Stanford’s Steyer-Taylor Center for Energy Policy and Finance where his research focuses on energy and the environment. He clarifies how renewable energy sources performed during February’s storm and their role in Texas’s energy sector. Ball and Dollar then turn to discuss economically efficient ways to decarbonize the U.S. power industry and the need for global cooperation to combat climate change. Dollar & Sense is a part of the Brookings Podcast Network. Send feedback to BCP@Brookings.edu and follow us at @policypodcasts on Twitter.
Global trade may not dominate the news in the early days of Joe Biden’s presidency, but it does factor into many of the challenges the United States is currently facing. Mary E. Lovely, a professor of economics at Syracuse University’s Maxwell School of Citizenship and Public Affairs, joins David Dollar in this episode to discuss the resilience of U.S. supply chains, the potential effects of Biden’s “Buy American” policy, U.S. engagement with China, and other early lessons from the Biden administration’s emerging trade agenda. Dollar & Sense is a part of the Brookings Podcast Network. Send feedback to BCP@Brookings.edu and follow us at @policypodcasts on Twitter.
The COVID-19 pandemic has set back important progress on education, gender equality, and economic development across Africa, but it has also revealed a continent that is more integrated and acting with greater solidarity than before. Aloysius Uche Ordu, director of the Africa Growth Initiative at Brookings, joins David Dollar in this episode to discuss the region’s top priorities for the year ahead and the findings of a new report, Foresight Africa 2021. Dollar & Sense is a part of the Brookings Podcast Network. Send feedback to BCP@Brookings.edu and follow us at @policypodcasts on Twitter.
Michael Spence is a Nobel Prize-winning economist, leading expert in Industry 4.0, and someone with the opportunity to advise the Chinese government. He joins this episode of Dollar & Sense to discuss global technology competition and how emerging technologies will affect the future of economic development. Dollar and Sense is a part of the Brookings Podcast Network. Send feedback email to BCP@Brookings.edu, and follow us at @policypodcasts on Twitter.
In this episode of Dollar & Sense, we flip the format and ask host David Dollar what new data can tell us about how the COVID-19 pandemic and the associated recession are affecting U.S. trade. Dollar shares insights on which industries have been hit hardest, how the recession will alter the U.S. trade deficit and the phase one trade deal with China, and the likelihood American companies begin reshoring their manufacturing and value chains. Dollar and Sense is a part of the Brookings Podcast Network. Send feedback email to BCP@Brookings.edu, and follow us at @policypodcasts on Twitter.
On BNAP Today with Mike Ryan, we catch up with David Dollar, a senior fellow in the John L. Thornton China Center at the Brookings Institution and host of the Brookings trade podcast, Dollar & Sense. David is a leading expert on China's economy and U.S.-China economic relations and from 2009 to 2013, was the U.S. Treasury’s economic and financial emissary to China, based in Beijing. David shares his insights on the current state of China US relations and China’s posturings on the word stage.Covid-19 has highlighted the real prospect of severe supply chain disruption during a pandemic and for many countries, their dependence on China. John Blackburn from the Institute of Integrated Economics Research - Australia explains. John is a consultant in the fields of Defence and National Security and has extensive experience in strategy, policy, planning, operational command, capability development and material acquisition. John was appointed an Officer in the Military Division of the Order of Australia (AO).Kirk Clyatt, veteran broadcaster and Emmy Award winner tells us how locals are coping and how tourism is holding up in Las Vegas during the Covid-19 Crisis.Plus, we report on Amazon Prime’s new competitor.Stay tuned for more exciting developments, updated website, audio podcasts and exclusive interviews.Finally, don't forget to subscribe.
What effect has COVID-19 had on the Chinese economy and phase one of the U.S.-China deal? Could the United States or other nations draw lessons from China’s response to the virus? David Dollar is joined in this episode of Dollar & Sense by Dexter Roberts, former China Bureau Chief for Bloomberg Businessweek, to discuss these and other questions about the economic implications of COVID-19. Roberts, author of the new book “The Myth of Chinese Capitalism,” explains the particular role migrant workers play in the Chinese economy and how that role may evolve as China recovers from this public health and economic crisis. Dollar and Sense is a part of the Brookings Podcast Network. Send feedback email to BCP@Brookings.edu, and follow us at @policypodcasts on Twitter.
After nine years of political conflict in Syria, more than 5.5 million Syrians are now displaced as refugees in Jordan, Lebanon, and Turkey, with more than 3.6 million refugees in Turkey alone. It is unlikely that many of these refugees will be able to return home or resettle in Europe, Canada, or the United States. Attention has therefore turned to how to improve the ability for these refugees to integrate into Turkey’s economy and society. In this episode of Dollar & Sense, Brookings Nonresident Senior Fellow Kemal Kirişci joins David Dollar to offer his proposal for supporting refugees by pairing trade concessions with economic inclusion. Specifically, Kirişci recommends extending European Union trade concessions in the agricultural sector to incentivize Turkey to better integrate refugees into its labor market. Dollar and Sense is a part of the Brookings Podcast Network. Send feedback email to BCP@Brookings.edu, and follow us and tweet us at @policypodcasts on Twitter.
In this episode of Dollar & Sense, David Dollar is joined by Tom Keatinge to discuss the ramifications Brexit will have on the United Kingdom’s use of financial sanctions and regulation of financial crime. Keatinge, the director of the Centre for Financial Crime and Security Studies at the Royal United Services Institute (RUSI), explains how London currently cooperates with other major financial sectors around the world – like France, New York, and Hong Kong – in financial regulations and creating sanctions regimes. Keatinge also describes how that relationship may change during the Brexit transition period between now and December 31, 2020. Subscribe to Brookings podcasts here or on Apple Podcasts, send feedback email to BCP@Brookings.edu, and follow us and tweet us at @policypodcasts on Twitter. Dollar and Sense is a part of the Brookings Podcast Network.
David Dollar is joined in this special episode of Dollar & Sense by Amanda McClelland, the senior vice president of the Prevent Epidemics team at Resolve to Save Lives, to discuss the severity of the Wuhan coronavirus and the Chinese response to prevent the disease from spreading. McClelland, who worked on the response to the Ebola crisis, describes the unique threat the coronavirus poses for Africa. Acknowledging that climate change and globalization will make future outbreaks of deadly disease more likely, she also offers recommendations for how the global community could work together to better prepare for and detect future epidemics. Dollar and Sense is a part of the Brookings Podcast Network. Send feedback email to BCP@Brookings.edu, and follow us and tweet us at @policypodcasts on Twitter.
In this episode of Dollar & Sense, Brookings Senior Fellow David Dollar is joined by Lori Ann LaRocco to discuss “phase one” of the trade agreement between China and the U.S. and LaRocco’s new book, “Trade War: Containers Don’t Lie, Navigating the Bluster.” In the discussion and in her book, LaRocco explains how we can better understand the implications of President Trump’s tariffs by following trade flows and analyzing the effects on specific ports and products like soybeans, aluminum, and steel. Dollar and Sense is a part of the Brookings Podcast Network. Send feedback email to BCP@Brookings.edu, and follow us and tweet us at @policypodcasts on Twitter.
Not long after the yellow vest movement called attention to the resurgence of populism, strikes and demonstrations over pension reforms have disrupted France. Across Europe, long-popular social democratic parties are losing power in the face of economic discontent, distrust of institutions, and anxiety about globalization. Similar sentiments have shaken up politics in the United States. In this episode of Dollar & Sense, David Dollar is joined by Célia Belin, a visiting fellow in the Center on the United States and Europe at Brookings. They look at the factors driving the rise of populism across the EU, the U.K., and the U.S. and discuss what it could mean for trade and globalization. Dollar and Sense is a part of the Brookings Podcast Network.
Senator Pat Toomey (R-PA) has been an outspoken advocate of free trade and a critic of the United States-Mexico-Canada Agreement (USMCA), which recently passed in the House of Representatives. In this episode of Dollar & Sense, he joins host David Dollar to explain why. Sen. Toomey explains where he believes reforms to NAFTA are needed and why the USMCA falls short — with a focus on domestic content requirements, investor protections, and intellectual property rights. He also discusses the first phase of a trade deal with China and his proposed legislation to reform Section 232 of the Trade Security Act. Subscribe to Brookings podcasts here or on Apple Podcasts, send feedback email to BCP@Brookings.edu, and follow us and tweet us at @policypodcasts on Twitter. Dollar and Sense is a part of the Brookings Podcast Network.
On the first episode of the Dollar & Sense podcast, released one year ago this week, Brookings Senior Fellows Eswar Prasad and David Dollar discussed the United States’ concerns with Chinese trade practices, including access to markets and intellectual property rights, that are at the root of the U.S.-China trade war. Prasad rejoins Dollar to reflect on what change has occurred in the past year – from recent developments in bilateral trade negotiations, to China’s domestic economic reforms and the strength of the Chinese economy. Subscribe to Brookings podcasts here or on Apple Podcasts, send feedback email to BCP@Brookings.edu, and follow us and tweet us at @policypodcasts on Twitter. Dollar and Sense is a part of the Brookings Podcast Network.
Following the September 11th terrorist attacks in 2001, the United States developed a powerful set of sanctions aimed at restricting the financing of terrorist activities. While those tools were initially targeted at organizations like al-Qaida and later ISIS, they have also been applied to rogue states like Iran and North Korea. In this episode of Dollar & Sense, David Dollar is joined by Michael Greenwald, a fellow at the Harvard Kennedy School’s Belfer Center who helped design sanctions programs at the U.S. Treasury, to discuss the effectiveness of these tools and why they need to be updated for an era of great power competition. Subscribe to Brookings podcasts here or on Apple Podcasts, send feedback email to BCP@Brookings.edu, and follow us and tweet us at @policypodcasts on Twitter. Dollar and Sense is a part of the Brookings Podcast Network.
At Brookings, we often benefit from the support of talented students that intern with our research and communications teams. Some of those interns return to campus this week for the start of a new school year, and before their classes begin, we took the opportunity to ask what questions they have about today's volatile trade landscape. In this episode of Dollar & Sense, Senior Fellow David Dollar answers those questions and provides an overview of the big stories in trade policy, including the U.S.-China trade war, rising tensions between South Korea and Japan, and how automation and artificial intelligence affect American jobs. Subscribe to Brookings podcasts here or on Apple Podcasts, send feedback email to BCP@Brookings.edu, and follow us and tweet us at @policypodcasts on Twitter. Dollar and Sense is a part of the Brookings Podcast Network.
This is a rebroadcast of a "Dollar & Sense: The Brookings Trade Podcast" episode. On it, former United States Trade Representative Charlene Barshefsky joined host to discuss the history of the United States’ economic engagement with China. Their conversation covered China’s entry and membership in the World Trade Organization, how domestic Chinese politics have affected the country’s trade policies, and the lasting impact of the global financial crisis on U.S.-China relations. Finally, Barshefsky outlined the prospect of the two countries reaching a trade deal in the near future. Subscribe to Brookings podcasts or on , send feedback email to , and follow us and tweet us at on Twitter. The Brookings Cafeteria and Dollar & Sense are part of the .
In this episode of Dollar & Sense, former United States Trade Representative Charlene Barshefsky joins David Dollar to discuss the history of the United States’ economic engagement with China. Their conversation covers China’s entry and membership in the World Trade Organization, how domestic Chinese politics have affected the country’s trade policies, and the lasting impact of the global financial crisis on U.S.-China relations. Finally, Barshefsky outlines the prospect of the two countries reaching a trade deal in the near future. Subscribe to Brookings podcasts here or on Apple Podcasts, send feedback email to BCP@Brookings.edu, and follow us and tweet us at @policypodcasts on Twitter. Dollar and Sense is a part of the Brookings Podcast Network.
In a special episode of Dollar & Sense, Fellow Geoffrey Gertz discusses the ongoing tariff dispute between Mexico and the United States. Gertz explains the likelihood of the Trump administration imposing tariffs and the potential costs those tariffs would have for both Mexico and the U.S. Subscribe to Brookings podcasts here or on Apple Podcasts, send feedback email to BCP@Brookings.edu, and follow us and tweet us at @policypodcasts on Twitter. Dollar and Sense is a part of the Brookings Podcast Network.
In this first episode of the new Brookings trade podcast Dollar & Sense, Senior Fellow David Dollar speaks with Senior Fellow Eswar Prasad, the Tolani Senior Professor of Trade Policy at Cornell University and a leading expert on the Chinese economy, about a range of issues in the U.S.-China relationship. The conversation includes topics such as U.S. and Chinese trade practices, bilateral trade balances, China's economy and currency, the U.S.-China trade war, and whether Presidents Trump and Xi can make a deal at their meeting during the G-20 summit in Buenos Aires. Subscribe to Brookings podcasts here or on Apple Podcasts, send feedback email to BCP@Brookings.edu, and follow us and tweet us at @policypodcasts on Twitter. Dollar & Sense is a part of the Brookings Podcast Network.
In this special episode of the Brookings Cafeteria podcast, we reflect on some of the forward-thinking policy ideas and good news stories that were discussed in podcasts from the Brookings Institution in 2018. Plus, hear the trailer for the new Brookings trade podcast, Dollar & Sense. Subscribe to Brookings podcasts or on , send feedback email to , and follow us and tweet us at on Twitter. The Brookings Cafeteria is a part of the .
From tariffs and trade wars to the new Trans Pacific Partnership and NAFTA’s replacement, trade has been making a lot of headlines recently, especially since the election of Donald Trump who’s redefined America’s role on the global stage with his America-first posture. Dollar & Sense is a podcast about all things trade. From local ports and markets to international trade and diplomacy, Brookings Institution Senior Fellow David Dollar and guests explain how our global trading system is built and its effect on our everyday lives. Stay tuned for upcoming episodes on the U.S.-China trade war and the Trump-Xi meeting; how the outcome of the 2018 midterm elections will affect policy toward trade; and much more. Subscribe to Brookings podcasts here or on Apple Podcasts, send feedback email to BCP@Brookings.edu, and follow us and tweet us at @policypodcasts on Twitter. Dollar & Sense is a part of the Brookings Podcast Network.
Tom Dorsey and Paul Keeton - Dollar Sense