Labor markets have for the past quarter century been at the center of the globalization disputes under the "off-shoring and out-sourcing" rubric. How many jobs were lost at home to cheap labor abroad? What were conditions for those overseas workers?

Just after the New Year, President Obama will have to decide whether to take a dramatic, high-stakes gamble on a very unsexy topic: a U.S.-EU free trade agreement. It will be one of the key high-risk, high-reward choices of his second term, writes Ben Heineman.

Addressing governance and corruption in a failed state like Afghanistan would be enormously challenging if they were "just" issues of development, but the "development" of Afghanistan, of course, takes place in the midst of a fierce civil war and intense regional rivalries and interference under what most experts consider a wholly unrealistic deadline (progress by next summer).

"President Obama has committed the prestige of the United States, his personal credibility, billions of taxpayer dollars and, most importantly, the lives of American military personnel to a war which depends — as his top generals, Petraeus and McChrystal have said — on attaining a key civilian, not military, objective: creating an Afghan state with security, order, rule of law and accountable institutions that protects and serves its people. That goal depends on defeating the corruption and instability which have plagued Afghanistan for centuries."

"Why do we think we can change the complex Afghan culture when our "outsider" attempts to influence it -- including billions of dollars in assistance -- have, to date, been unsuccessful?"

"But-- and here it becomes vexatious-- how can this be done by a weak, corrupt government during a dangerous insurgency, especially after a contested election marked by serious fraud? And, if corruption is not effectively addressed in a short time frame, does this undermine -indeed checkmate--- the ultimate military mission as expressed by President Obama earlier this year to disrupt, dismantle and eventually defeat al Qaeda and prevent their return to Afghanistan by defeating the Taliban insurgency."

"The American public is not focusing on Afghanistan today. But, despite a lack of national debate, the administration is making decisions that make Afghanistan its issue---and potentially its very messy problem."

"Whether in the public sector or the private sector, leaders must at a minimum have the intellectual courage and strength to form red teams and blue teams which fight over the fundamentals of the analysis and isolate and challenge the assumptions which, when eroded, erode in turn the apparent precision of mathematical or systems models."

"The pervasive problem, however, is that anti-corruption rhetoric exceeds commitment and accomplishment on all fronts. Corruption is deeply entrenched because it is based on lust for money and for power."

"The irony of the G20s silence about erratic and incomplete enforcement of the OECD anti-bribery convention is that the summit made a big deal about "taking action against...tax havens," citing an OECD list of nations not conforming to international standards for exchange of tax information."