How do we tell the difference between creative, “out of the box” thinking and simply repeating the mistakes of the past? The question comes up in the context of the Trump administration’s trade policy. In either case, one begins with a rejection of the status quo. In this week’s latest move, the Financial Times reports that the Trump administration is looking to bypass the World Trade Organization’s dispute settlement system. There are at least two tests we can apply:Do the new approaches stem from a plausible, well-developed critique of the status quo?

Source: Forbes February 27, 2017 23:00 UTC