China's economic growth is sputtering, the Euro is under threat, and the United States is combating serious trade disadvantages. Another Great Depression? Not quite. Noted economist and China expert Michael Pettis argues instead that we are undergoing a critical rebalancing of the world...

The separation of security and economic objectives in foreign policy, which was often sought in international political issues in the past, has outlived its usefulness. The transition to a more power-based order can be felt around the world. International economic instruments and agreements are...

In February 2015, Russian foreign trade continued posting the fall of main indices. Eurocommission considers that Russia remains among the leading countries which preserve different barriers that to a considerable extent hamper global trade

The paper discusses the balance of payments provisions of the GATT, particularly as they apply to developing countries. It argues that these provisions should be reconsidered, and strengthened, in the Uruguay Round of multilateral trade negotiations

The BOP safeguard provisions in the WTO are still haunted by the structure designed for trade and BOP relationship in the postwar Bretton Woods system. The provisions are not only incompatible with the contemporary monetary system but their legal obscurity also retain unproductive loopholes that...

Biographical note: Michael Pettis is professor of finance and economics at Peking University, a senior associate at the Carnegie Endowment, and a widely read commentator on China, Europe, and the global economy. He is the author of "The Volatility Machine: Emerging Economies and the Threat of...