Interestingly, today, the phrase "silk road" is being revived in China as a centerpiece of an emerging shift in Chinese foreign policy in support of the nation's arrival as a global economic power, again a dominant player in world trade.
The recent government shutdown won't be the last storm that small businesses have to weather. Those who kept their heads above water will take the lessons they learned and put them to use in future storms.
We haven't heard much about currency manipulation lately, but according to my friend C. Fred Bergsten of the Peterson Institute for International Economics, it was and remains a major threat to the international monetary system.
Government support for globally engaged American businesses is required now, not sometime in the future. The reality of our times is that all exporting countries are targeting the same faster-growing markets and an emerging middle class today, not in the future.
Achieving Walmart's stated goal of an "environmentally and socially responsible supply chain" entails phasing out Walmart itself and bringing an end to its inherently unaccountable and unsustainable system of production and distribution.
Everyone knows we live in a brave new world of globalization. And like a lot of things that everyone knows, it isn't so. Not only was the globalization of the late 19th century, just as profound as today, it generated a similar class of professional sophists to justify it all.
The race between Rep. Howard Berman and Rep. Brad Sherman for the newly configured 30th congressional district, in the San Fernando Valley, is a demonstration of raw human tribalism and our eager propensity to fight over most everything.
American greatness relies on our relationships with neighbors, both near and distant. The way out of the Great Recession is not economic isolationism, but an embrace of our nation's heritage as a global trade leader.
Trade policies are not a sexy business. Customs, anti-dumping, subsidies are just some of the concepts international investors are trying to avoid. Yet, recent weeks reminded all of us that trade can make headlines.
Exporting is simply not in the American DNA. We need a massive culture shift. While President Obama's national export challenge has garnered much support and attention, the results remain sobering on the ground.
While we continue to run large deficits in manufactured goods annually, there are lots of advanced economies with long records of positive net exports. If you think the difference is prices, you're thinking like an economist... and you're wrong.
Fashions change every season and when we buy new things we have to get rid of the old, outgrown and out of style. Americans consume 65 pounds of new clothes per person each year and discard a total of 25.4 billion pounds of textiles annually.
Like it or not, even a capitalist economy is a system in which your actions affect other people. Your freedom to swing your fist ends, famously, at the tip of my nose, and what you buy and don't buy affects other people.