
Dollar & Sense: The Brookings Trade Podcast
Dollar and Sense is a podcast about all things trade. From local ports and markets to international trade and diplomacy, Brookings Institution Senior Fellow David Dollar and guests explain how our global trading system is built and its effect on our everyday lives.
Latest episodes

Mar 1, 2022 • 27min
What you should know about sanctions on Russia
Douglas Rediker, a nonresident senior fellow in the Global Economy and Development program at Brookings and in the Center on the United States and Europe, talks with David Dollar about sanctions imposed on Russia for its invasion of Ukraine by the United States, Europe, and other nations. Rediker addresses a number of issues, including whether cutting Russian banks off SWIFT will make any difference, export control limitation of U.S. tech to Russia, the impact of sanctions on Russia’s energy sector, and if it’s possible to impose sanctions on Russian oligarchs. Show notes and transcript: https://brook.gs/3IC3hj1 Dollar & Sense is part of the Brookings Podcast Network. Send feedback to podcasts@brookings.edu, and follow us on Twitter at @policypodcasts.

Feb 22, 2022 • 30min
Illegal trade in drugs and wildlife
Vanda Felbab-Brown, senior fellow in Foreign Policy and director of the Initiative on Nonstate Actors at Brookings, joins David Dollar to talk about her research on illicit economies—including drug trafficking (fentanyl, meth, precursors) and wildlife trafficking—in China, Mexico, and elsewhere. Show notes and transcript: https://brook.gs/3JE9PxF Dollar & Sense is part of the Brookings Podcast Network. Send feedback to podcasts@brookings.edu, and follow us on Twitter at @policypodcasts.

Feb 7, 2022 • 27min
What’s causing inflation in the U.S. and how we can get out of it
Donald Kohn, senior fellow in Economic Studies at Brookings and a former vice chair of the Federal Reserve Board, joins David Dollar to explore a range of issues on inflation in the U.S., including how the COVID-19 pandemic and the macro response to it have contributed to inflation, the role of monetary and fiscal policy in addressing it, and how inflation affects trade and exchange rates. They end with some policy ideas for the Biden administration. Show notes and transcript: https://brook.gs/3sdtKg5 Dollar & Sense is part of the Brookings Podcast Network. Send feedback to podcasts@brookings.edu, and follow us on Twitter at @policypodcasts.

Jan 24, 2022 • 24min
What Americans really think about global trade
Listening for America, a non-profit, non-partisan organization, recently released a report on what Americans from all walks of life really think about international trade and globalization. To discuss the report and its findings, host David Dollar is joined by Listening for America president Catherine Novelli, who has served in numerous trade policy roles in government and in the private sector. Show notes and transcript: https://brook.gs/3rBJw41 Dollar & Sense is part of the Brookings Podcast Network. Send feedback to podcasts@brookings.edu, and follow us on Twitter at @policypodcasts.

Jan 10, 2022 • 26min
The state of Asian trade and trade agreements in 2022
Peter Petri, a professor at Brandeis International Business School and a nonresident senior fellow in the John L. Thornton China Center at Brookings, joins David Dollar to discuss recent developments in Asian trade agreements and to look at regional trade issues in 2022. These include CPTPP—the Comprehensive and Progressive Agreement for Trans-Pacific Partnership—and RCEP, the Regional Comprehensive Economic Partnership, which Petri says “could be a pivotal point in economic history.” Show notes and transcript: https://brook.gs/3f0YGtI Dollar & Sense is part of the Brookings Podcast Network. Send feedback to podcasts@brookings.edu, and follow us on Twitter at @policypodcasts.

Dec 20, 2021 • 22min
The United States’ unusual recovery from pandemic recession
Gian Maria Milesi-Ferretti, senior fellow with the Hutchins Center on Fiscal and Monetary Policy, joins David Dollar to discuss his recent article on what he calls a “most unusual recovery” in the U.S. from the pandemic recession. Milesi-Ferretti analyzes U.S. GDP compared other G7 countries, and explores salient issues including exports and imports, private and government consumption, and consumer inflation. Show notes and transcript: https://brook.gs/3IW9DKT Dollar & Sense is part of the Brookings Podcast Network. Send feedback to podcasts@brookings.edu, and follow us on Twitter at @policypodcasts.

Dec 6, 2021 • 27min
Why is WTO reform so difficult?
Mireya Solís, director of the Center for East Asia Policy Studies at Brookings, joins David Dollar for a conversation on reforming and modernizing the World Trade Organization so that it can meet today’s challenges, which include response to the pandemic, shoring up global supply chains, increasing living standards, and environmental sustainability. Solís highlights erosion in the WTO’s three central functions and asks whether its members can prevent it from becoming irrelevant. Show notes and transcript: https://brook.gs/31ppX5m Dollar & Sense is part of the Brookings Podcast Network. Send feedback to podcasts@brookings.edu, and follow us on Twitter at @policypodcasts.

Nov 22, 2021 • 24min
The state of China's economy and US-China relations
Eswar Prasad, Brookings senior fellow and a professor at Cornell University, joins host David Dollar to discuss the state of China's economy and U.S.-China relations. Prasad addresses a range of issues, including why China's economy is slowing, whether China's currency might be used as an international reserve currency, and what happened at the recent online summit between President Joe Biden and Chinese President Xi Jinping. Show notes and transcript: https://brook.gs/30DCvX5 Dollar & Sense is part of the Brookings Podcast Network. Send feedback to podcasts@brookings.edu, and follow us on Twitter at @policypodcasts.

Nov 8, 2021 • 21min
Will COP26 in Glasgow spur progress on reducing carbon emissions?
As the global climate change conference (COP26) continues in Glasgow, climate expert David Victor joins host David Dollar to talk about what’s been happening in Scotland and whether it will be viewed as a success. Victor, a professor of innovation and public policy at UC San Diego and co-director of the university’s Deep Decarbonization Initiative, discusses a range of issues, including whether countries are meeting their Paris Agreement commitments to reduce emissions, the target of $100 billion per year in climate aid for developing counties, and where the U.S. and China might be able to cooperate on climate issues. Show notes and transcript: https://brook.gs/3bGu1QF Dollar & Sense is part of the Brookings Podcast Network. Send feedback to podcasts@brookings.edu, and follow us on Twitter at @policypodcasts.

Oct 25, 2021 • 31min
The threat of catastrophic biodiversity loss
Brookings Senior Fellow Vanda Felbab-Brown joins David Dollar to discuss the threat of biodiversity loss worldwide. Felbab-Brown explains the ominous trends in habitat and species loss—including the spread of illegal wildlife trafficking, the contributing role of human activity, and the compounding effects of climate change—and why the recent UN Biodiversity Conference in Kunming, China, was “underwhelming.” But, she says, trade that is well designed, monitored, and managed can give humans an incentive to preserve natural habitat. Show notes and transcript: https://brook.gs/3GfZQ10 Dollar & Sense is part of the Brookings Podcast Network. Send feedback to podcasts@brookings.edu, and follow us on Twitter at @policypodcasts.