As the Trans-Pacific Partnership does or doesn’t approach completion, arguments for and against have had another airing, including the contention that the deal is worth doing for foreign policy reasons to enhance the US’s geopolitical standing in Asia. [Reposted from The Financial Times  |  Alan Beattie  |  March 25, 2015] This is an appealing fall-back…

WASHINGTON (Project Syndicate) — Is it appropriate to use trade agreements to discourage countries from using large-scale intervention in the foreign-exchange market to hold down their currencies’ value? That is the question of the day in American economic-policy circles. [Reposted from Marketwatch  |  Simon Johnson  |  March 24, 2015] In recent years, Japan, South Korea,…