Peter Morici



BMGT 392 Fall 2006

BUSI 761 Fall 2006



The Doha  Round: No Help for America's Trade Deficit

Currency Manipulation and Free Trade

Reconciling Trade and the Environment in the World Trade Organization

Labor Standards in the Global Trading System

Antitrust in the Global Trading System: Reconciling U.S. Japanese and EU Approaches--Executive Summary

Antitrust in the Global Trading System: Reconciling U.S. Japanese and EU Approaches--Full Text

Setting US Goals for WTO Negotiations--Full Text

The Trade Deficit--Where Does It Come from and What Does It Do? Executive Summary

The Trade Deficit--Where Does It Come from and What Does It Do? Full Text

Resolving the North American Subsidies War



Enlightened Engagement: Shaping International Trade and Domestic Policies for Growth

Workers' Rights in the Global Trading System

Managing the Global Economy

IMF Malpractice

Barring Entry? China and the WTO

A Sovereign Quebec and U.S. National Interests

An Architecture for Free Trade in the Americas

Exports and American Prosperity

Competing for Advantage: Proposals for U.S. Trade Policy

Doing Business in Mexico

At Sea Shaping: America's Post Cold War Trade Policy

Free Trade in the Americas: Defining the Challenge

Grasping the Benefits of NAFTA

A Social Charter for NAFTA?

NAFTA Rules of Origin and Automotive Content Requirements

Free Trade with Mexico

The Canada-U.S. Free Trade Agreement A Laboratory for the World Trading System

Lessons from the Canada-U.S. Free Trade Agreement

Industrial Policy, Technology Policy and the Canada-U.S. Free Trade Agreement

Through the Looking Glass Reforming Education and Restructuring the Workplace to Improve Competitiveness

The Canada-U.S. Free Trade Agreement


MSNBC Hard Ball with Chris Matthews (August 15, 2007)

Should America Boycott Made in China?

NPR Weekend Edition (September 2, 2006)

News Hour (July 21, 2005)

Wall Street Week June 24, 2005



Americans must learn to live within their means

Administration needs to fix 'broken banks'

Knocking Down False Gods

It's Time to Cut the Trade Deficit

Digging Out of the Recession

Fixing the Banks

U.S. Records $738.6 Billion Current Account Deficit

The Bear Trap

World votes no confidence in Bush economics

Why the dollar is so cheap

The Auction Rate Securities Fiasco

Bernanke should encourage banks to adopt sounder business models

Primary Economics

Housing Sales Sink, Long Recession Looms


Banks Stuck in Flawed Model

2007 Trade Deficit Exceeds $700 Billion: Slows Growth and Multiplies Recession Woes

Doing Something About Global Warming

Is Bernanke Head for the Exit

Next president should end the madness

Investments by Sovereign Wealth Funds in the United States

Fed is living in an academic fantasy world

Recession looms: Can we stand clear?

An Emergency Rate Cut

U.S. must confront essential economic problems

The Limits of Federal Reserve Policy

Stock Prices and the Trade Deficit

The Fed's Misstep

The Falling Dollar and Stubborn U.S. Trade Deficit

The Fed's Knife is Poised

Crafting a Response to Global Warming

U.S. Banks Offer Plan to Calm Markets

Asians won't let dollar rise

The Perils of Going Slow to Clean Up Mortgage Lending and Bond Rating

GM remains uncompetitive despite new contract (also Pact with union leaves GM in lurch)

Democratic Accountability and the Doha Round (Zeroing also When Markets Need Rules

Henry Paulson's Fear Mongering

When Trust Fails, Credit Markets Collapse (also The Pope and Ben Bernanke and Putting lipstick on pigs)

China's Hollow Threat to Dump U.S. Bonds

Hedge fund con men at heart of crisis

Robert Nardelli and Chrysler

Globalization and Inequality

China Gives Capitalism a Bad Name

Why China Won't Revalue

The Trials of Bear Stearns

Why China Should Revalue the Yuan

How to Deal With China

Ceberus's plan to acquire Chrysler makes little sense

Analysis: How and why is Toyota outdistancing GM?

Trade Rules

Can Charles Rangel Fix U.S. Trade Policy

Debunking China's Interest Rate Hikes

Why Free Trade Is Failing

Prospects for Inflation Simmer

Honest Ways to Address Income Inequality

Not So Free Trade

Yield Curves and Recessions

China Ties Bernanke's Hands

Will the Doha Make the WTO Irrelevant

The Washington Dance on Trade

Getting Sensible About Global Warming

Saving Free Trade

America Prey to China's Mercantilism

Trade Agreements and Populist Protectionism

Free Trade Proves Costly: Chinese Mercantilism

Defending Against China Trade

Why GM, Ford and Chrysler Left Washington Empty Handed

The Yen, Yuan and the Big Three

President Bush and the Great Republican Shellacking

America, the Debtor Nation

Henry Paulson: Defender of the Yuan?

Reasons for cheering the trade talks' failure

The Tragedy that is General Motors

Put a Fork in the Doha Round

Bernanke's Opportunity

Will the NYSE-Euronext Merger Smash Sarbanes-Oxley?

The Trials of Henry Paulson

America's Broken Immigration Policy

The Return of the Gold Standard

U.S. Trade Deficit Eases but Will Head North Again:  Bush's Inaction Pushing up the Price of Gold

Bush Administration Capitulates to China in Currency Report (Bush Caves to Chinese Mercantilism)

It's High Time for John Snow to China for Manipulating the Yuan

Yes, Virginia, it's the yuan

Ben Bernanke's Baptism under Fire

GM's Deal with Delphi and the UAW Will Not Resurrect Carmaker's Competitive Prowess

Should Rick Wagoner Go?

Economy is drowning in trade deficit tide - Shift away from manufacturing jobs makes things worse

Concrete Action on China

Kill India Nuke Deal?

Don't Sell American Ports to the United Arab Emirates

A Disturbing State of the Union

Taking the Measure of Ben Bernanke

Bonds Come Unhinged from Growth (and as Inverted Yield Curve and Recessions – US housing prices unlikely to decline)

China's Big Plans for Capitalism

Deficits hurt and Doha no help

U.S. Deals at Doha

GM's Turnaround Strategy Inspires Little Confidence

Trade group fails to focus on what's important

Is the Doha Round Making Pascal Lamy  Another Arthur Dunkel or Don Quixote?

The Tragedy of Free Trade

Economist Argues Trade Deficit Works Against American Workers

Deception at the Doha Round

U.S. Dozes as China Roars

The WTO's New Mission: Handmaiden to Protectionism?

Do the Europeans Want to Scuttle the Doha Round?

Bernanke Can't Just Target Inflation

Why the U.S. Trade Deficit Is So Large and Why It Matters

Hucksterism at Delphi

Is the Fed Unnecessarily Scaring Stock Markets?

Bush and the China Challenge

American Workers Know Something's Wrong

Big Labor Shrinking

In Airline Strike, Big Labor Loses Again

Fool's Paradise: A Dollarized World

Reviving Organized Labor

Labor Split Benefits GOP

Unions Need 21st Century Message

China's Yuan Price Fixing Hurt's the United States

It May Serve China's Interests

The Dangers of Adopting a Soft Approach to China

Greenspan's China Conundrum

Why China Should Revalue the Yuan

NewsHour Interview on China's Currency Revaluation

Fox News Interview on the Steel Tariff

End of the New Economy

The Magical, Mysterious High-Technology

Spreading the High-Speed Internet Revolution to All

Should US Boost Trade Status for China?

Granting Normal trade Status to China Helps Advance Democracy

Free Trade's Long March Takes a Detour

Compromise on Labor Rights is Crucial to New WTO Talks

Far More is at Stake than Bananas and Beef

WTO Should Back Open Market Reforms

WTO and the Environment

Wrong Medicine for Asian Flu

Trade Deficits Reconsidered

US Policies Helped Fuel the Asian Crisis

The United States, World Trade and the Helms Burton Act

Supporting Free Trade with Mexico

Free Trade Helps Us Defend Our Interests

Canada Should Join the Play in Mexico-U.S. Free Trade Poker Game



U.S.-China Economic and Security Commission February 7, 2007 Hearings - Sovereign Wealth Funds

U.S.-China Economic and Security Commission August 22, 2006 Hearings - U.S. China Trade

House Ways and Means Committee October 31, 2003 Hearings on U.S.-China Economic Relations and China's Role in the Global Economy

International Trade Commission  June 20, 2003 - Impact of 201 Relief on Steel Consuming Industries)

U.S. Trade Deficit Review Commission December 10, 1999 - Consequences of U.S. Trade Deficit 

Ways and Means Subcommittee on Trade August 5, 1999

International Relations Subcommittee on International Economic Policy and Trade July 22, 1998

House of Commons Standing Committee on External Affairs and International Trade August 16, 1990





Ph.D., Economics - 1974 State University of New York at Albany


1995- : University of Maryland College of Business and Management: Professor of International Business (tenured).

1995-1998: Director, Center for International Business - direct the Maryland Business School International Business Studies program, including academic programs, policy research and publications, and outreach to businesses.

Accomplishments include major revisions to the MBA curriculum, initiation of new study abroad programs, and the creation of a senior executive training program in partnership with the Johns Hopkins School of Advanced International Studies.


Principal Positions:

1993-1995: U.S. International Trade Commission:

Director, Office of Economics - Supervised the Commission's staff of 40 economists and served as its Chief Economist. Responsibilities included: advising the U.S. Trade Representative and responsible Congressional committees regarding NAFTA implementation, the Uruguay Round Agreements, APEC, the Western Hemispheric free trade initiative and the Trans-Atlantic trade initiative; providing technical support to the Council of Economic Advisors; and overseeing economic analysis of injury claims for the adjudication of subsidy, dumping and other trade-remedy statutes.

Accomplishments included: rebuilding the Commission's economy-wide and global modeling capabilities; completing major reports on the status of U.S. trade agreements, Uruguay Round Agreements, the European Community single market initiative, the Caribbean Basin Initiative, the Andean Trade Preferences Act, and the Arab Boycott of Israel; and designing and implementing major new Commission research initiatives on foreign investment policies, environmental regulation, intellectual property, and labor standards. 1988-1996 : University of Maine:

1990-1993: Professor of Economics (tenured).

1991-1993: Director, Canadian-American Center - directed a 40 faculty Canadian Studies program, including academic programs, public policy research and publications, and outreach to businesses and schools; administered a consortium with the University of Vermont and State University of New York, which comprises a U.S. Department of Education Title VI National Resource Center on Canada; primary responsibilities included program development, fund raising and supervision of implementation.

Accomplishments included restructuring the undergraduate curriculum, establishing a nationally-recognized public- policy journal, raising DOE funding by one-third, obtaining major foundation grants, and establishing a private sector donor program.

1988-1990: Associate Professor of Economics.

1978-1988: National Planning Association:

1983-1988: Vice President and Research Director - directed NPA policy research in international economics (1980-1988); responsibilities included program development, research supervision and fund raising.

Accomplishments included designing and supervising research programs on U.S. trade policy, competitiveness, and relations with developing countries; and substantially increasing funding from over 100 major corporations, financial institutions and labor unions.

1979-1983: Associate Director, International Studies.

1978-1979: Senior Economist and Project Director.

1976-1978: Economist, Department of Energy and Federal Energy Administration.

1974-1976: Assistant Professor, Department of Economics and Business Administration, Augsburg College, Minneapolis, Minnesota.

1975: Consultant, Health Board of the Metropolitan Council of the Twin Cities, St. Paul, Minnesota.

Adjunct Positions

1997-2005: Senior Fellow, Economic Strategy Institute, Washington.

1988-2005: Senior Fellow, National Planning Association, Washington.

1989-1992: Senior Fellow, Iacocca Institute, Lehigh University.

1984-1986: Professional Lecturer, Georgetown University School of Foreign Service.

1978-1979: Senior Consultant, CONSAD Research Corporation, Washington and Pittsburgh.


The Doha Round: No Help for America's Trade Deficit? (sponsored by Nucor Corporation, 2006).

Currency Manipulation and Free Trade (sponsored by Nucor Corporation, Charlotte, NC, 2004).

An Assessment of Steel Import Relief Under Section 201 After One Year (Washington, DC: American Iron and Steel Institute, 2003)

Reconciling Trade and the Environment in the World Trade Organization (Washington, DC: The Economic Strategy Institute, 2002).

Labor Standards in the Global Trading System (Washington, DC: The Economic Strategy Institute, 2001).

“Tricky Trade Balancing Act: A way for WTO members to protect workers’ rights and promote economic development,” International Economy, January/February 2001.

Antitrust in the Global Trading System: Reconciling U.S., Japanese and EU Approaches (Washington, DC: The Economic Strategy Institute, 2000).

Setting U.S. Goals for WTO Negotiations (Washington DC: The Economic Strategy Institute, 1999).

"Managing the Global Economy's Managers," Current History, November 1998.

"IMF Malpractice," International Economy, January/February 1998.

"A Hidden Cancer: Why the Clinton Trade Deficit is a Serious Problems," International Economy, November/December 1997.

The Trade Deficit: Where Does It Come From and What Does It Do (Washington, DC: The Economic Strategy Institute, 1997).

"Barring Entry? China and the WTO," Current History (September 1997).

"A Sovereign Quebec and U.S. National Interests," American Review of Canadian Studies, Winter 1997.

"The United States, World Trade and the Helms-Burton Act," Current History (February 1997).

"Resolving the North American Subsidies War," Canada-U.S. Public Policy (September 1996).

"Assessing the Canada-U.S. Free Trade Agreement, American Review of Canadian Studies, Winter 1996.

"Export Our Way to Prosperity," Foreign Policy (Winter 1995-1996).

"An Architecture for Free Trade in the Americas," Current History (February 1996).

"Trade and the American Dream," Queens Quarterly (Winter 1995-96).

Free Trade for the Americas (New York, The Twentieth Century Fund, 1994).

"Competing for Advantage: Proposals for U.S. Trade Policy," Current History, (January 1994).

"Managing Risk in Mexico," Harvard Business Review (July/August 1993)-- coauthor with Laurence Hecht.

"NAFTA, the GATT, and U.S., Relations with Major Trading Partners," in North America, Australia, New Zealand and the World Trade Regime, Robert G. Cushing, et al, eds. (Austin, Texas: Lyndon B. Johnson School of Public Affairs and Edward A. Clark Center for Australian Studies, 1993).

"Facing Up to Mexico," in The North American Free Trade Agreement, Khosrow Fatemi, ed. (London: St. Martin's Press, 1993).

"NAFTA Rules of Origin and Automotive Domestic Content," in Assessing NAFTA, Steven Globerman, ed. (Vancouver, BC: The Fraser Institute, 1993).

"State Export Promotion Policies," in States and Provinces in the International Economy, Douglas M. Brown and Earl M. Fry, eds. (Berkeley, CA: Institute of Governmental Studies Press, 1993).

"Grasping the Benefits of NAFTA," Current History (February 1993).

"The Twilight of the GATT, NAFTA and U.S.-Canadian Relations," in Implications of North American Free Trade Region: Multidisciplinary Perspectives, Joseph A. McKinney and M. Rebecca Sharpless, eds. (Ottawa: Carleton University Press, 1992)

"Implications of a Social Charter for the North American Free Trade Agreement," Canada-U.S. Outlook (August 1992); reprinted in Ties Beyond Trade: Labor and Environmental Issues Under the NAFTA (Toronto: C.D. Howe Institute, 1993).

"Free Trade in the Americas: A U.S. Perspective," in The Premise and the Promise: Free Trade in the Americas, Sylvia Saborio, ed. (Washington, DC: Overseas Development Council, 1992).

"Free Trade with Mexico," Foreign Policy (June 1992).

Rules of Origin in a North American Trade Accord (Vancouver, BC: The Fraser Institute, 1992).

"Transition Mechanisms and Safeguards in a North American Free Trade Agreement," in Negotiating and Implementing a North American Free Trade Agreement, Leonard Waverman, ed. (Vancouver, BC: The Fraser Institute, 1992).

"Making the Transition to Free Trade," Current History (December 1991).

Through the Looking Glass: Competitive Businesses and Effective Schools (Bethlehem, PA: Iacocca Institute, 1991).

Trade Talks with Mexico: A Time for Realism (Washington, DC: National Planning Association, 1991).

A New Special Relationship: The Free Trade Agreement and U.S.-Canada Economic Relations in the 1990s (Toronto: The Institute for Research on Public Policy and the Centre for Trade Policy and Law at Carleton University, 1991).

"Regionalismo en el sistema enternacional de comercio y las relaciones Mexico- Estados Unidos," Mexico ante el libro comercio con America del Norte, Gustavo Vega Canovas, coordinador (Mexico, D.F.: El Clegio de Mexico y Universidad Tecnologica de Mexico, 1991)

"The Canada-U.S. Free Trade Agreement: A Laboratory for the World Trading System," American Review of Canadian Studies (Summer/Autumn 1991).

"Some Ruminations About the Global Environment and United States/Canada Relations," in The Canada--U.S. Economic Relationship (Plattsburgh, NY: SUNY, 1991).

"Lessons from the Canada-U.S. Free Trade Agreement: Mexico, Other Regional Agreements and the GATT System," Regulation (Winter 1991).

"Industrial Policy, Technology and the Canada-U.S. Free Trade Agreement," Business in the Contemporary World (Autumn 1990).

"Through the Looking Glass: Reforming Education and Restructuring the Workplace to Improve Competitiveness," Canada-United States Law Journal 1990.

Making Free Trade Work: The Canada-U.S. Agreement (New York: Council on Foreign Relations, 1990).

Making America Competitive: An Agenda for the 1990s (Bethlehem, PA: Iacocca Institute, 1990).

"The Canada U.S.-Free Trade Agreement: Origins, Contents and Prospects" in Economic Aspects of Regional Trading Arrangements, David Greenaway, Thomas Hyclak and Robert Thornton, eds. (London: Harvester Wheatsheaf, 1989 and New York: New York University Press, 1989).

"The Canada-U.S. Free Trade Agreement," International Trade Journal (Summer, 1989).

"U.S.-Canadian Trade Relations," in Seen From the South, Peter Kresl, ed. (Salt Lake City: Brigham Young University, 1989).

"Policies for Competitiveness," in Making North America Competitive: Economic-Industrial Policies for the 1990s, Lansing Lamont and Gary Levy, eds. (New York: Americas Society, 1989).

"The Changing Competitive Position of the U.S. Economy: Implications for Public Policy," The Canada-United States Law Journal (1988).

Reassessing American Competitiveness (Washington: National Planning Association, 1988).

Meeting the Competitive Challenge: Canada and the United States in the Global Economy (Washington: National Planning Association, 1988).

"U.S.-Canadian Trade Relations in the 1980s," The American Review of Canadian Studies (Summer 1987).

"Impact on the United States," in Building a Canadian-American Free Trade Area, Edward R. Fried, Frank Stone and Philip H. Trezise, eds. (Washington: The Brookings Institution, 1987).

"U.S.-Canada Free Trade Discussions: What Are the Issues," The American Review of Canadian Studies (Autumn 1985).

"Trends in Trade Policy and U.S. Nontariff Barriers," in Canada-United States Free Trade, John Whalley, ed. (Toronto: University of Toronto Press for Royal Commission on the Economic Union and Development Prospects for Canada, 1985).

The Global Competitive Struggle: Challenges to the United States and Canada, (Washington: National Planning Association, 1984).

Changing Patterns of U.S. Industrial Activity and Comparative Advantage, (Washington: National Planning Association, 1983)--coauthor with John Mutti.

U.S. Economic Policies Affecting Industrial Trade (Washington: National Planning Association, 1983)--coauthored with John Mutti.

"Canada's Trade Realities and Trade Potential: A U.S. Perspective," in Proceedings of the Conference on World Trade Pressures: Designing Our Future (Vancouver: Western Transportation Advisory Council, November, 1983).

Canadian Industrial Policy (Washington: National Planning Association, 1982)--coauthor with Arthur J. R. Smith and Sperry Lea.

Canada-United States Trade and Economic Interdependence, Canada-U.S. Prospects Series (Montreal: C.D. Howe Institute, 1980).

Perspectives on Commercial Policy: The United States and Canada in the Eighties, with Sperry Lea and Arthur J. R. Smith (Washington: National Planning Association for the U.S. Special Trade Representative and Department of Commerce, January 1980).

The New Energy Input-Output Methodology and the Energy Embodied in U.S. Merchandise Trade, for the Department of Energy, 1979.

"Border Tax Adjustments and U.S. Policy Options," New International Realities (Winter 1979).

"Changing Theories of Inflation," New International Realities (Summer 1978).

"The Benefits and Cost of Crude Oil Price Regulations," Journal of Energy and Development (Spring 1978).

"The Impacts of Higher Energy Prices on Economic Growth in the Industrial Countries," in How Energy Affects the Economy, A.B. Askin, ed. (Lexington, MA: D.C. Heath and Company, 1978).

"Effective Protection of Canadian Exporting Industry: A Comment," Quarterly Review of Economics and Business (Spring 1976).

Guidelines for Evaluating the Economic Feasibility of Health Care Capital Projects, for the Health Board of the Metropolitan Council of the Twin Cities, St. Paul MN, September 1975).

The Structure of Effective Protection and Unskilled Labor, 1958-60, Ph.D. dissertation, State University of New York at Albany, 1974.