Tag Archives: Free Trade

[unable to retrieve full-text content]Robert Kutner has a paywalled article in The New York Review of Books about the history of free trade and the efforts since Trump’s first term to impose tariffs, particularly on China, beginning with the first Trump Administration. “Free trade ideology once aligned with America’s economic and security interests. After World War II, open markets […] The post The death of free trade? appeared first on Angry Bear.

I believe the key words here are taking a break from free trade. Mostly too, I believe the free-trade-motif (so to speak) has been used enough times to line the pockets of the upper income percentile. Time for a change. While labor has disappeared to overseas facilities, the nation has not moved in a direction to assist Labor with other alternatives or opportunities to prosper. Accusing the president’s thinking of being “increasingly dangerous”...

Protectionism. This would be a kiss of death for free trade, one of the three pillars of economic liberalism, the other two being free markets and free capital flows. OilpriceThe Cheapest Way For Trump To Save U.S. OilLourcey Sams

Globalization not as represented by the free traders, who now have egg on their faces and have to eat crow. To boot, trade was supposedly Paul Krugman's specialty, even though he is best known for witing a popular macro textbook. So he was one of "the experts." Will the inapplicability of the ISLM "gadget " be next? So far, Paul Krugman is hanging onto it as it crashes and burns.Lars P. Syll’s BlogPaul Krugman — finally — admits he was wrong!Lars P. Syll | Professor, Malmo University...

I’ve read the “working paper” (and the preceding paper) a couple of times, and am not clear what happens — the results are based on splicing two models (REMI and BCG data) and running out the results. Alarm bells went off in my head when I read this: You decide.Econbrowser“Across-the-Board Tariffs on China with Retaliation and Federal Spending Create Over 1 Million Jobs in Five Years”Menzie Chinn | Professor of Public Affairs and Economics, Robert M. La Follette School of Public Affairs,...

“I don’t think people really understand what is at stake,” says Alex Camera, CEO of Audio Control, a privately held, small business manufacturing audio sound equipment near Seattle, Washington. He imports electronic components from China and makes things like power amplifiers for cars. They design it and put it together in Washington. “Trump says China is paying these tariffs, but they are not. I am. U.S. companies are paying it at the port.” Tariffs are port taxes due at the time of...

In Part 1, I introduced the discussion about the use of industry policies in the Keynesian period after World War 2. Most nations adopted a mixed planning-market based system for allocating productive resources and the state was always central in setting out planning parameters, direct ownership and employment, and regulation. It was a system that researchers described as being “highly successful”. Two approaches to industrialisation were taken: (a) export-oriented (for example, South...

It is truly incredible that most of the advocates of this trade policy do not even seem to understand the class nature of their agenda, equating the interests of a tiny group at the top with the interests of the whole country.... TruthoutTrade: It’s Still About Class, Not Country Dean Baker | Co-director of the Center for Economic and Policy Research in Washington, D.CSee alsoRobert ReichChina Tariffs are a Regressive Tax on Americans, and Risk a Recession

Like all sensible folk I was myself opposed to the NAFTA at the outset, convinced that it did more for the corporations than for the rest of us. I’m still of that view. Is it possible that the biggest change that is now taking place is in the name itself, from NAFTA to USMCA- perhaps done so that Trump can boast that he delivered on his promise to get rid of NAFTA? A number of commentators on both sides of the CanAm border have written, in the words of John Ibbitson in the Globe and Mail,...

Progressives for balanced budgets and free trade It was the best of times; it was the worst of times. Or that is what you would think if you follow the economics press lately. Sebastian Mallaby has a column on Trumponomics a while ago, suggesting Trumponomics is not working. I wouldn't disagree with the verdict, but the explanation is far from correct, and that is a common feature of discussions of Trumponomics in the media, and frankly by many progressive (not just liberal, in the US...