Historically, the term "fair trade" has meant many things. The Fair Trade League was founded in Britain in 1881 to restrict imports from foreign countries.
The world might expect that the American people – the stewards of the world's only superpower, – would be far more engaged on foreign-policy questions.
If everything goes right for China, it will surpass the United States as the world's largest economy, in current dollar terms (and more quickly in real terms), by 2021.
Europe is slipping back into recession just when recovery in the United States is finally getting some traction.
The focus on currencies as a cause of the West's economic woes, while not entirely misplaced, has been excessive.
A group of students staged a walkout in Harvard's popular introductory economics course, Economics 10.
Nowadays there is no shortage of pundits, economic or otherwise, warning of impending disaster. If right, they are hailed as seers; if wrong, chances are that no one will remember.
In trying to understand China's willingness to help, some are looking for trouble where there is none.
China and Europe would be wise to re-evaluate their ties in a rapidly changing world.
There are now two, somewhat conflicting, calls for China to rebalance faced with Western economic woes.
Of the three pillars of the global economic architecture created after World War II, the WTO is based in Switzerland, while the other two, the International Monetary Fund and the World Bank, are headquartered in Washington. The time has come to move at least one of the two out of the United States.
The US central bank is making provisions for a Chinese retreat on treasury bonds.