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1 month ago | 
en.globes.co.il | Douglas A. Irwin |Idan Eretz
"The fifth era of globalization has come to an end," says Douglas Irwin, John French Professor of Economics at Dartmouth College in the US and a leading expert on international trade.
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1 month ago | 
foreignaffairs.com | Chad P. Bown |Douglas A. Irwin
Trump’s fixation on economic coercion will subvert his economic goals.
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2 months ago | 
wsj.com | Douglas A. Irwin
At an Oval Office press conference Thursday, President Trump confirmed that he’s going ahead with his reciprocal tariff plan. The U.S., he said, will impose the same tariffs on other countries as they impose on the U.S.: “No more, no less.” That sounds fair—we treat them the way they treat us—but it’s actually a terrible idea. Your browser does not support the audio tag.
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2 months ago | 
flipboard.com | Douglas A. Irwin
1 hour agoTrump blames Covid for ruining his ‘very close relationship’ with ChinaPresident Donald Trump said he got along with China “very well” until the Covid-19 pandemic hit. Trump made the remarks during a news conference today (13 February) with the Prime Minister of the Republic of India Narendra Modi. A journalist asked the president how discussions between India and the United States would affect relations with China.
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2 months ago | 
nber.org | Douglas A. Irwin
This paper is based on my presidential address before the Economic History Association, Sacramento, CA, September 2024. I thank Barry Eichengreen, Stefan Link, Petros Mavroidis, Carolyn Moehling, Adnan Mazarei, and Maurice Obstfeld for helpful comments and discussions. I also thank Valentina Cruz and Michael Zhang for valuable research assistance. The views expressed herein are those of the author and do not necessarily reflect the views of the National Bureau of Economic Research.
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2 months ago | 
nber.org | Douglas A. Irwin
I thank Montek Singh Ahluwalia, Jagdish Bhagwati, Ashok Desai, Anne Krueger, and Rakesh Mohan for valuable discussions over the years, and Arvind Subramanian, Shruti Rajagopalan, Petros Mavroidis, and Arvind Panagariya for helpful comments. The interested reader should consult the 1991 Project led by Shruti Rajagopalan for a treasure trove of information about this period (https://the1991project.com/).
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Jan 24, 2025 | 
hoover.org | Douglas A. Irwin
MyHoover delivers a personalized experience at Hoover.org. In a few easy steps, create an account and receive the most recent analysis from Hoover fellows tailored to your specific policy interests. Watch this video for an overview of MyHoover. Create Account
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Jan 22, 2025 | 
piie.com | Douglas A. Irwin
In July 1991, India began to dismantle its long-standing, highly restrictive import control regime and move toward a more open economy. How were policymakers able to dislodge and replace an entrenched system with powerful vested interests behind it? Standard explanations for policy change—pressure from domestic producer interests, shifts in political power, or conditionality by international financial institutions—do not explain the dramatic transformation that took place.
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Jan 3, 2025 | 
piie.com | Douglas A. Irwin
The passing of Manmohan Singh on December 26, 2024, is an occasion to reflect on his remarkable role in changing the course of India’s economy. Singh served as prime minister of India during 2004–14, but he will be remembered mainly for his term as finance minister during 1991–96. In that role, Singh was responsible for the historic economic reforms—including opening and deregulating the economy—that unleashed much stronger growth and reduced poverty in India.
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Aug 1, 2024 | 
nber.org | Douglas A. Irwin |Maurice Obstfeld
The authors thank Serra Pelin and Michael Zhang for excellent research assistance. Helpful discussions with colleagues, including Joseph Gagnon, Adnan Mazarei, Marcus Noland, Adam Posen, Arvind Subramanian, Ted Truman, and Yeo Han-koo, as well as Julieta Contreras, Egor Gornostay, and Lauri Scherer, are acknowledged with thanks. PIIE gratefully acknowledges funding from the Ministry of Economy and Finance, the Republic of Korea, for the research presented in this paper.
