WTI 10th Anniversary Distinguished Lecture Series: Protectionism 2.0: New Threats to Globalization, Daniel Price (Sidley Austin)
Abstract
The last year has seen world leaders commit to unprecedented cooperation on a range of financial and economic governance reforms. Unfortunately, these aspirations appear to be foundering on a new political reality: the developed world, formerly the champion of global economic integration, has become its leading skeptic. The result is economic recovery and regulatory reform measures that, if
unchecked, will foster a disintegration of the global economy and once again raise the barriers to trade and cross-border capital flows that the world has painstakingly spent the last sixty years dismantling.
Biography of the Speaker
DANIEL M. PRICE is Senior Partner for Global Issues and a member of the Executive Committee at Sidley Austin LLP. He works with Sidley lawyers worldwide advising clients on a wide range of international regulatory, transactional and policy matters, including global financial regulation, trade and climate change. He also represents clients in the resolution of international disputes.
Mr. Price rejoins Sidley after serving as Assistant to the President and Deputy National Security Advisor for International Economic Affairs in the Administration of George W. Bush. In this role, he was the senior White House official responsible for international economic issues, including international trade and investment, humanitarian relief, and the international aspects of financial system reform, energy security and climate change. Mr. Price was the President's personal representative to the G8, the G20 Financial Summit and the Asia-Pacific Economic Cooperation Forum. He also served as U.S. chair of various cabinet-level bilateral economic dialogues, including the Transatlantic Economic Council.
Prior to his White House service, Mr. Price was chair of Sidley’s 50-member International Trade & Dispute Resolution group and counselled multinational companies, financial institutions and trade associations on market access, services, investment, CFIUS and sanctions issues and matters arising in intergovernmental negotiations. Mr. Price also advised companies and governments in disputes arising under international trade agreements and investment treaties such as the WTO and
NAFTA. He has served as counsel or arbitrator in multi-million dollar, precedent-setting disputes under all major international arbitration rules.
From 2002-2007, Mr. Price served by Presidential appointment on the Panel of Arbitrators of the International Centre for Settlement of Investment Disputes (ICSID), and was a party-appointed arbitrator in a number of investment disputes. President Bush re-appointed Mr. Price to the ICSID Panel as of January 20, 2009. He also serves on the Board of Directors of the American Arbitration
Association.
Mr. Price served as USTR Principal Deputy General Counsel (1989-1992), where he negotiated trade and investment agreements with the former Soviet Union, Eastern Europe and Latin America. He also served as USTR’s lead negotiator on investment issues in the NAFTA talks. Mr. Price served as Deputy Agent to the Iran-U.S. Claims Tribunal in The Hague (1984-1986), representing the U.S. government and advising U.S. businesses in arbitrating claims against Iran stemming from the Iranian revolution.
Mr. Price has been a commentator on BBC, CNBC, Reuters, PBS, Bloomberg and NPR. His articles have appeared in the New York Times, International Herald Tribune, Politico, the Wall Street Journal and the Harvard International Law Journal.
Mr. Price received his B.A. with high honours from Haverford College in 1977; a Diploma in Legal Studies in 1979 from Cambridge University, where he was an American Keasbey Scholar; and his J.D. in 1981 from Harvard Law School, where he was Articles Editor of the Harvard Law Review.
