Dollar & Sense: The Brookings Trade Podcast

The Brookings Institution

Dollar and 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.

Introducing Dollar & Sense, a trade podcast from the Brookings Institution
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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.

Dec 6

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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.

Nov 22

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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.

Nov 8

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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.

Oct 25

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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.

Oct 11

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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.

Sep 27

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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.

Sep 13

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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.

Aug 30

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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.

Aug 16

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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.

Aug 2

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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.

Jul 19

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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.

Jul 6

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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.

Jun 21

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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.

Jun 7

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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.

May 24

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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.

May 10

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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.

Apr 26

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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.

Apr 12

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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.

Mar 29

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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.

Mar 15

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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.

Mar 1

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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.

Feb 16

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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.

Feb 1

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President-elect Biden has made it clear that restoring America’s standing with allies will be a priority for his administration. In this episode, Constanze Stelzenmüller explains how the administration can begin to repair the important trans-Atlantic relationship. Stelzenmüller and David Dollar discuss recent tensions between the United States and Europe, a new investment deal between China and the European Union, and how the U.S. and EU can coordinate a common approach toward China. Dollar and Sense is a part of the Brookings Podcast Network. Send feedback to BCP@Brookings.edu and follow us at @policypodcasts on Twitter.

Jan 19

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From technology competition to the global rise of illiberalism, the United States will face numerous foreign policy challenges in the year ahead. John R. Allen, a retired U.S. Marine Corps four-star general and president of the Brookings Institution, joins David Dollar to discuss those challenges and how the new administration can work with America’s allies to meet them. 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.

Jan 4

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Carbon pricing systems have been celebrated as instruments for combatting climate change, but how effective are they really? David Victor, co-chair of the Cross-Brookings Initiative on Energy and Climate, joins David Dollar to explain why market-based solutions for addressing climate change have fallen short of their promise. Victor examines how politics have hampered the effectiveness of market policies in key sectors, like transportation and aviation, and the political barriers the Biden administration will need to overcome in order to make real progress on climate change.

Dec 2020

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President-elect Biden will face a myriad of economic challenges when he is inaugurated next month, including a pandemic that continues to spread and unemployment numbers that remain high. Jason Furman joins David Dollar to discuss how this crisis differs from the economic issues Biden faced in 2009, what should be prioritized in a short-term stimulus package and long-term reforms, and to what extent policymakers should worry about the federal debt when designing fiscal relief.

Dec 2020

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When the COVID-19 pandemic sent the global economy into a deep recession, it exposed structural weaknesses in economic institutions and highlighted the need for reform. The challenges countries face today are daunting, but this moment should be recognized as an opportunity to build back more sustainable and inclusive economies. David Dollar is joined by three Brookings experts—Eswar Prasad, Marcela Escobari, and Zia Qureshi—to discuss their forward-looking policy proposals for a post-COVID-19 world.

Nov 2020

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This week, 15 countries in Asia and the Pacific joined the Regional Comprehensive Economic Partnership (RCEP), which is arguably the largest free trade agreement in history. To explain the origins of the agreement and how it will affect economic integration across Asia, David Dollar is joined by Peter Petri, a nonresident senior fellow at Brookings and professor of International Finance at the Brandeis International Business School.

Nov 2020

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The 2020 election has revealed deep divisions in the United States and questions about what binds Americans together, but this is not the first time the country has experienced extreme polarization. Marvin Kalb, a senior fellow at Brookings and veteran journalist, joins David Dollar to explain how the current moment compares to other eras in American history. Dollar and Kalb also discuss how America’s role in the world has diminished under President Trump and whether a Biden administration can restore a U.S.-led international order. 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.

Nov 2020

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President Trump’s critiques of U.S. trade policy are well known. He frequently lambasts ‘bad deals’ that favor America’s trading partners, and since taking office he has tried to use tariffs and new trade agreements to reduce the trade deficit and bring back manufacturing jobs. So, how have his policies affected American workers? What impact did President Trump’s tariffs have on important swing states like Ohio and Michigan? To answer these questions, David Dollar is joined by Sandra Polaski, a senior research scholar at Boston University’s Global Development Policy Center. 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.

Oct 2020

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The exchange of data and digital services has become a new frontier for U.S.-China competition. To discuss the scale of digital services trade and the United States’ attempts to regulate it through trade agreements, David Dollar is joined by Joshua P. Meltzer, a senior fellow in the Global Economy and Development program at Brookings. Meltzer is the author of a new paper for Brookings’s Global China series titled “China’s digital services trade and data governance: How should the United States respond?” 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.

Oct 2020

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The person elected president of the United States this November will have enormous influence over America’s response to the COVID-19 pandemic and associated recession. To discuss the differences in how President Donald Trump and former Vice President Joe Biden approach these issues, and lessons from the first presidential debate, David Dollar is joined by William A. Galston, a senior fellow in Governance Studies at Brookings and expert on campaigns and political theory. 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.

Oct 2020

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Ngozi Okonjo-Iweala has served as the finance minister of Nigeria, the managing director of the World Bank, and she is currently a candidate for the director-general position at the World Trade Organization. She joins David Dollar in this episode to discuss the role trade plays in global development and what she would prioritize as director-general. Okonjo-Iweala is a nonresident distinguished fellow with the Africa Growth Initiative in the Global Economy and Development program at Brookings. 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.

Sep 2020

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The United States’ economy is beginning to recover from the COVID-19 recession, but there’s still a lot of progress yet to be made. Ahead of Labor Day, Stephanie Aaronson, the vice president and director of Economic Studies at Brookings, joins David Dollar to discuss what new employment data can tell us about how various sectors and demographic groups are experiencing the recovery differently. Aaronson offers several policy reforms the U.S. could pursue to make work more family friendly. She also explains how recent changes at the Federal Reserve aim to achieve more inclusive growth. 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.

Sep 2020

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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.

Aug 2020

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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.

Aug 2020

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Globalization has earned a bad reputation in the United States for contributing to many of the challenges that American workers face. Rather than trying to reverse globalization with more protectionism, a position that’s gained traction in Washington, Reed College Professor Kimberly Clausing argues the U.S. should pursue policies that directly help workers, like wage insurance and tax reform. She joins David Dollar to make the case for openness and recommend complementary policies that would ensure the benefits of globalization are evenly shared. Clausing is the author of “Open: The Progressive Case for Free Trade, Immigration, and Global Capital.”

Jul 2020

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China’s buildup of debt to fuel economic growth has raised fears of an eventual collapse. So, what factors would precipitate such a collapse? And if one were to occur, how would it affect the rest of the world? How can Chinese policymakers guard against financial crisis? These are questions that Bloomberg Economics chief economist Tom Orlik takes up in his new book, China: The Bubble That Never Pops. Orlik joins David Dollar in this episode to discuss China’s economic growth model, the potential for reforms, and how the economy has responded to the trade war and COVID-19. 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.

Jul 2020

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In his new book “Unlocking Africa’s Business Potential,” Landry Signé shows why Africa is ripe for business investment, citing fast-growing consumer and business spending, improved political stability and business environments, regional integration, and a burgeoning youth population eager to capitalize on the Fourth Industrial Revolution. Signé joins David Dollar to explain which sectors – like agriculture and manufacturing – offer particularly high potential returns, and he details the trends that should leave us all optimistic about the potential for Africa’s long-term economic growth. 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.

Jun 2020

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Senator Tom Carper (D-DE) joins David Dollar to discuss today’s pressing issues in global trade, including the security of Hong Kong, U.S.-China economic relationship, and implementation of the USMCA. Sen. Carper emphasizes the need for bipartisan solutions to meet these challenges and argues that Congress should reclaim its authority over shaping trade policy.   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.

Jun 2020

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China’s technological rise has led to anxiety in the United States over the possibility that China will dominate technologies of the future – but is there any merit to those concerns? Peter Petri, a nonresident senior fellow at Brookings and professor of International Finance at the Brandeis International Business School, joins David Dollar to provide an overview of technology competition between China and the United States. Dollar and Petri are both contributors to a new book, "China 2049," focused on how China may reform as it seeks to become the world’s next economic superpower. 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.

Jun 2020

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China’s legislature, the National People’s Congress, recently voted to prepare national security legislation that will impose new restrictions on Hong Kong and may threaten the civil and political rights of the people there. To explain what led to this recent escalation and the implications for Hong Kong’s “special status” under U.S. law, David Dollar is joined by Richard Bush, a nonresident senior fellow in the Center for East Asia Policy Studies at Brookings.   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.

Jun 2020

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Members of Congress and the Trump administration have been outspoken in their calls to hold China accountable for the human and economic costs of the coronavirus – likely through lawsuits filed in U.S. courts. But is suing China for compensation legally viable? How would it affect other American interests around the world and the U.S.-China economic relationship? Robert Williams, the executive director of the Paul Tsai China Center at Yale Law School and a nonresident senior fellow at Brookings, joins David Dollar to explain the legal obstacles any case would face and why these plans could backfire. 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.

May 2020

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As countries around the world fall into a recession due to the coronavirus, what effects will this economic downturn have on Africa? Brahima Sangafowa Coulibaly joins David Dollar to explain the economic strain from falling commodity prices, remittances, and tourism, and also the consequences of a recent G-20 decision to temporarily suspend debt service payments for Africa’s poorest countries. Coulibaly emphasizes that the G-20’s actions were an important first step, but more must be done to guarantee countries have the financial resources they need to fight the pandemic. 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.

May 2020

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The coronavirus pandemic has sent crude oil prices plummeting, so much so that the price for West Texas Intermediate oil dropped below zero dollars earlier this week. In this special edition of the podcast, Samantha Gross joins David Dollar to explain the factors influencing recent changes in demand for oil and the long-term effects the coronavirus could have on U.S. oil production and the development of renewable energies. 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.

Apr 2020

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In the face of economic and health challenges posed by COVID-19, Congress, an institution often hamstrung by partisanship, quickly passed a series of bills allocating trillions of dollars for economic stimulus and relief. In this episode, Sarah Binder joins David Dollar to discuss the politics behind passing that legislation and lingering uncertainties about its oversight and implementation. Binder and Dollar also cover lessons from the federal response to the 2008 recession that could be applied today and what we might expect to see in future legislation before Congress.  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.

Apr 2020

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What effect will the COVID-19 pandemic have on the 9.2 million Americans working in logistics? Adie Tomer joins David Dollar to discuss the geographic distribution of logistics workers, their role in supply chains, the lack of protection for essential workers, and the necessity to create a more equitable social contract for America’s labor force. 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.

Apr 2020

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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.  

Mar 2020

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As COVID-19 continues to spread around the world, Warwick J. McKibbin joined us from his home in Australia to discuss how the novel coronavirus may disrupt the global economy. McKibbin, a nonresident senior fellow at Brookings, authored a recent report outlining seven different scenarios of how COVID-19 might evolve and the implications each scenario would have on macroeconomic outcomes and financial markets. As part of their conversation, McKibbin and Dollar also discuss how this epidemic compares to SARS and why it will make fulfilling the recent trade deal between China and the United States difficult. A transcript of their discussion is available here. 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.

Mar 2020

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