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  • Backgrounder posted November 20, 2014 by James M. Roberts The IMF’s Analysis of the U.S. Economy: Faulty Assumptions and Bad Policy Advice

    The International Monetary Fund’s (IMF’s) 66-page report on its 2014 consultation with the U.S., pursuant to Article IV of the IMF’s Articles of Agreement, repeats a number of long-standing, orthodox, and desirable policy recommendations that urge the U.S. to confront its many long-term fiscal and monetary challenges. This year’s report also contains an unprecedented…

  • Commentary posted November 18, 2014 by James M. Roberts Australia Can Lead the G20 Back to Economic Freedom

    President Obama and other G20 leaders should listen carefully this weekend (Nov. 15-16) in Brisbane, because Australian Prime Minister Tony Abbott has a powerful story to tell them about economic revival. Abbott hopes to focus the gathered heads of state— representing some 80 per cent of the world’s Gross Domestic Product—on how to boost economic growth because, as he…

  • Backgrounder posted November 12, 2014 by James M. Roberts, William Tucker Additional Reforms Can Boost Mexico’s Hydrocarbons Industry

    Economic freedom is key to addressing Mexico’s economic, security, and civil society concerns. Since President Enrique Peña Nieto began his single six-year term in December 2012, progress has been made in challenging the private and public monopolies and duopolies (and their labor unions) that have historically dominated and hampered huge portions of Mexico’s economy.…

  • Special Report posted November 6, 2014 by Bryan Riley, Ambassador Terry Miller Why Trade Matters and How to Unleash It: Trade Rankings from the 2015 Index of Economic Freedom

    Contributors Bryan Riley is Jay Van Andel Senior Analyst in Trade Policy in the Center for Trade and Economics, of the Institute for Economic Freedom and Opportunity, at The Heritage Foundation. Ambassador Terry Miller is Director of the Center for Trade and Economics and the Center for Data Analysis, of the Institute for Economic Freedom and Opportunity, and Mark A.…

  • Backgrounder posted October 1, 2014 by Brett D. Schaefer, Steven Groves, James M. Roberts Why the U.S. Should Oppose the Creation of an International Anti-Corruption Court

    The idea that “grand corruption” by world leaders and powerful individuals able to shield themselves from domestic accountability should be considered a crime against humanity has percolated for years among anti-corruption advocates and international law experts. As these advocates argue, the destructive impact of grand corruption, which they argue contributes to extreme…

  • Issue Brief posted September 25, 2014 by Ryan Olson Obama Should Push Modi on Trade Facilitation

    This week President Barack Obama will welcome new Indian Prime Minister Narendra Modi to Washington for their first bilateral summit. In Geneva, the Trade Facilitation Preparatory Committee of the World Trade Organization (WTO) will also be meeting. The timing of these two events provides an opportunity to measure India’s commitment to trade freedom and to push Modi to…

  • Backgrounder posted September 17, 2014 by Theodore R. Bromund, Ph.D., Luke Coffey, Bryan Riley The Transatlantic Trade and Investment Partnership (TTIP): Economic Benefits and Potential Risks

    In February 2013, President Barack Obama called for a free trade agreement between the United States and the European Union during his State of the Union address. This proposed agreement is now known as the Transatlantic Trade and Investment Partnership (TTIP). The President’s announcement has been taken by politicians and commentators on both sides of the Atlantic as an…

  • Backgrounder posted September 12, 2014 by Bryan Riley Foreign Export Credit Subsidies: Kill Them, Don’t Copy Them

    Many supporters of the U.S. Export–Import Bank (Ex–Im Bank) assert that the bank serves a legitimate purpose as a response to export subsidies provided by foreign governments. For example, according to National Association of Manufacturers President and Chief Executive Officer Jay Timmons, The size and scope of the Ex–Im Bank pales in comparison to the official export…

  • Backgrounder posted September 10, 2014 by Ryan Olson The Generalized System of Preferences: Time to Renew and Reform the U.S. Trade Program

    On July 31, 2013, the Generalized System of Preferences (GSP)—the U.S. trade program designed to promote trade in developing countries—expired without renewal for the eighth time in its 30-year history. Over the past year, imports entering the U.S. under the program have incurred higher tariff rates, increasing costs for producers and consumers. Originally designed as a…

  • Commentary posted September 10, 2014 by Anthony B. Kim, Brett D. Schaefer Why are we aiding countries that oppose U.S. priorities at the United Nations?

    Ambassador Jeane Kirkpatrick was frustrated. Countries happily took American foreign aid, but then blithely opposed U.S. initiatives and priorities in the United Nations. They took U.S. aid for granted because previous opposition hadn’t affected U.S. aid decisions and, instead, yielded to pressure from other countries to present regional solidarity and overwhelmingly…

  • Issue Brief posted September 2, 2014 by Brett D. Schaefer, Anthony B. Kim Congress Should Link U.N. General Assembly Voting and Foreign Aid

    Congress has long been concerned that countries receiving American foreign aid frequently oppose U.S. initiatives and priorities in the United Nations. Since 1983, Congress has required the U.S. Department of State to prepare an annual report on the frequency with which other countries vote with the U.S. in the U.N. General Assembly (UNGA). In the three decades that…

  • Issue Brief posted August 4, 2014 by Brett D. Schaefer, Charlotte Florance, Anthony B. Kim Setting a Course for Obama’s Rudderless Africa Policy

    A‌frican leaders and citizens had great expectations ‌in 2008 that the election of President Barack Obama would elevate the prominence of Africa and its concerns in U.S. government deliberations. These expectations have not been met with concrete policy action. During President Obama’s first four years in office, he spent less than 24 hours in Africa, making a brief…

  • Issue Brief posted July 29, 2014 by Brett D. Schaefer, Charlotte Florance, Anthony B. Kim Congress Should Upgrade the African Growth and Opportunity Act

    The House Ways and Means Trade Subcommittee will convene a timely hearing on the African Growth and Opportunity Act (AGOA) on July 29. The hearing takes place at a critical juncture for America’s engagement with Africa. AGOA, first enacted under President Bill Clinton and amended and extended by legislation three times under President George W. Bush, enjoys broad…

  • Issue Brief posted July 23, 2014 by Brett D. Schaefer, Ambassador Terry Miller U.N. Repeating Past Mistakes in New Sustainable Development Goals

    The United Nation General Assembly is poised to adopt a new set of development criteria called the Sustainable Development Goals (SDGs) this September.[1] The SDGs are intended to replace the Millennium Development Goals (MDGs) that expire at the end of 2015. Like the MDGs, the SDGs will involve a number of objectives that will be used by the U.N. to guide and measure…

  • Issue Brief posted June 10, 2014 by Anthony B. Kim, Curtis S. Dubay FATCA Hurts Law-Abiding Americans Living Abroad

    On July 1, the Foreign Account Tax Compliance Act (FATCA) will fully take effect. FATCA is supposed to reduce tax evasion by making it harder for tax cheats to abuse tax havens. In practice, however, FATCA is forcing law-abiding American taxpayers residing overseas to bear enormous financial and legal burdens. Congress should reform FATCA so that it does not hurt innocent…