70: Nicholas Lardy on the Chinese Economy
Nicholas Lardy joins Keynes and Bown to discuss the changing role of the state and private firms in China's economic development.

Nicholas Lardy joins Keynes and Bown to discuss the changing role of the state and private firms in China's economic development.
Keynes and Bown discuss what is behind the slowdown of global trade, supply chain expansion, and international commerce.
Keynes and Bown discuss the rocky departure of the United Kingdom from the European Union. Sam Lowe (Centre for European Reform) joins for an update on the latest political developments as Britain approaches the March...
Keynes and Bown speak with Alice Fulwood (The Economist) about what is behind the $150 billion of annual trade in blood plasma products. They cut through the mystery of the exploding trade flows by explaining...
Keynes and Bown sit down with Nobel Prize-winning economist Paul Krugman (CUNY and New York Times) in a wide-ranging interview about international trade. They discuss NAFTA, labor standards, and the USMCA (2:25); the current toxicity...
Keynes and Bown explain the recent 90-day agreement between Presidents Trump and Xi that puts on hold further tariff escalation between the United States and China. They speak with Mark Wu (Harvard Law) and former...
Keynes and Bown speak with veteran trade journalist Alan Beattie (Financial Times) about the complexities of negotiating with the European Union on trade. They discuss the EU's dealings with the UK over Brexit and the...
Keynes and Bown discuss the prospect of negotiations between the United States and the European Union on a trade deal that would meet President Trump's objectives of zero tariffs, zero nontariff barriers, and zero subsidies....
Keynes and Bown speak with Amit Khandelwal (Columbia Business School) about the impact that exporting has on firm productivity. They discuss his evidence from a randomized control trial that new foreign market access improved how...
Keynes and Bown speak with incoming World Bank Chief Economist Penny Goldberg (Yale University) about her research on how trade liberalization affects consumers and firms when firms have market power. They discuss the impact that...
Keynes and Bown talk with former WTO Appellate Body member Jennifer Hillman (Georgetown Law) about WTO dispute settlement. They describe the procedural, philosophical, and judicial complaints the United States has with the current way of addressing...
Keynes and Bown talk with Stephen Redding (Princeton University) about his research on the border between East and West Germany erected in the mid-20th century. They discuss the loss of market access for cities near...
Keynes and Bown talk with best-selling author and Pulitzer Prize-winning investigative journalist Bob Woodward about his latest book Fear: Trump in the White House. From snatching trade agreement withdrawal letters off the president's desk to...
Keynes and Bown describe key elements of the United States-Mexico-Canada Agreement, or USMCA, announced on October 1, 2018. Beneath the spin, they analyze what the deal really does, including where new market access has been...
Keynes and Bown speak with Bruce Stokes (Pew Research Center) about recent poll results on public attitudes toward trade. They discuss how Americans feel about trade and trade agreements, China, differences between self-identified Democrats and...
Keynes and Bown speak with Arvind Subramanian (PIIE, Harvard Kennedy School) about the massive changes in India's trade policy since the 1980s. They examine the scope and impact of India's trade liberalization; the importance of...
Keynes and Bown examine the legal arguments surrounding President Trump's threats to withdraw from the North American Free Trade Agreement and World Trade Organization. They speak with legal experts Gary Hufbauer (PIIE), Rachel Brewster (Duke...
Keynes and Bown examine critical economic issues caught up in Canada's talks with the Trump administration over the future of the North American Free Trade Agreement. They speak with Meredith Lilly (Carleton University) and Madelaine...
Keynes and Bown examine the still murky details on autos and a potential sunset clause for the Mexico-United States trade agreement--which the Trump administration says is designed to replace the North American Free Trade Agreement...
Keynes and Bown have a conversation with Jason Furman (PIIE, Harvard Kennedy School)--a former senior economic adviser of the Obama administration--about American economic policy. They ask Furman about economic and trade policy during the Great...
Keynes and Bown explore the aluminum industry: how to make it, changes in North American production over the past few decades, and the industry's real complaints. They discuss the Trump administration's tariffs on imported aluminum...
Keynes and Bown describe how the Trump administration's quotas imposed on steel imports from South Korea, Brazil, and Argentina are different from the simple application of tariffs. They speak with Ambassador Jennifer Hillman—former administrator of...
Keynes and Bown explain the US government decision to offer up to $12 billion of subsidies to farmers adversely affected by trade retaliation stemming from President Trump's tariffs on steel, aluminum, and China. They speak...
Keynes and Bown detail an emerging approach for the European Union, Japan, China—and the Trump administration—to resolve the conflict over subsidies, one of the most pressing challenges confronting the World Trade Organization. They explain the...
Keynes and Bown compare President Donald Trump's tariffs imposed to date—on solar panels, washing machines, steel, aluminum, and Chinese imports—with other major American protectionist episodes. They speak to economic historian Douglas A. Irwin (PIIE) about...
Keynes and Bown explain the outsized importance of "zeroing"—a technical, yet politically controversial method the United States uses to calculate antidumping tariffs. They speak to Thomas Prusa (Rutgers University) about zeroing's contentious negotiating history, how...
Keynes and Bown explain recent developments in the UK-EU trade talks on Britain's departure from the European Union. At the two-year mark after the June 23, 2016 Leave referendum, they speak to Anand Menon (King's...
Keynes and Bown explain some implications of President Trump's plan to impose tariffs on US imports from China starting July 6, 2018, which could escalate to cover $450 billion of American imports. They speak to...
Bown and Keynes explain the nonreciprocal pattern of tariffs—and nontariff barriers—across countries highlighted by President Trump's tweets and statements about high levels of tariff protection received by Canadian dairy farmers, automakers in Europe and China,...
Keynes and Bown discuss a variety of Chinese perspectives of the Trump administration's trade policy.