Trade Agreements and Financial Crisis

Capital Controls and the 250 economists

"When such prominent economists as
Joseph Stiglitz and Dani Rodrik speak,
New Zealand should listen”,
                                      Jane Kelsey
Many governments have used capital controls effectively to prevent or mitigate financial crises.

However, U.S. trade and investment agreements still include sweeping restrictions on this policy tool. IPS has teamed up with the Global Development and Environment Institute at Tufts University to coordinate an economist statement urging the Obama administration to change course and allow governments to use capital controls, as part of a broader menu of policy options to protect their people from financial volatility.

For more on the links between trade and finance see


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