Tag: free trade

The Delusion of a Win-Win Trade War »

The only way to win a trade war is not to fight one.

Two-way Trade in the “Same” Commodity »

Government interference neglects the nuance of trade.

Trade Wars Put Prosperity in the Cross Hairs »

Whatever his latest rhetoric, Trump has helped show that—just as economists feared—the idiocy of trade protectionism is contagious.

The Balance of International Payments Is Economic Nonsense »

The nation-based “balance of international payments” accounting system is misleading and nonsensical.

Trump’s Trade War Has Ugly Consequences »

The Democrats could not have asked for a better ally than Donald Trump when it comes to trade protectionism.

The Boon of Growing U.S. Imports from Mexico »

Since NAFTA went into effect in 1994, U.S. imports of goods from Mexico have grown from about $4 billion per year to about $28 billion (annual rate as of March 2017). Americans have also purchased a lot more services, not counted in this measure, from Mexicans during the past two decades (e.g., tourist services…
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How the UK Can Benefit from a Free Trade Future After Brexit—Even Outside the Single Market »

[This article was co-authored with David Paton and David Blake, and first appeared on TheConversation.com.] The benefits of free trade have been familiar to economists since Adam Smith. Trade encourages specialisation and leads to lower costs, higher productivity and higher living standards. Yet for some economists, things are different when it comes to the…
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You Can’t Go Home Again, but . . . »

A melancholy saying reminds us that you can’t go home again. I know I can’t. My parents have been dead for decades, and my brother Bill, my only sibling, died three years ago. Moreover, the house in which we lived when I was growing up in the late 1950s and early 1960s has been…
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Brexit Can Herald a New ‘Golden Era’ for the City of London as a Global Powerhouse »

On June 23, 2016, the British people voted to leave the European Union. Prime Minister Theresa May’s Lancaster House speech on January 17, 2017 then made it clear that the United Kingdom would opt for a hard Brexit: It would leave not just the EU, but also the European Economic Area, membership of which…
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Trump’s Tactic Is Certain to Create “Regime Uncertainty” »

President-elect Donald Trump’s so-called Carrier deal, which seems to amount to a threatening conversation he had with Carrier’s managers, combined with some tax concessions by the state of Indiana, exemplifies the approach he has more or less announced he will take in dealing with U.S. companies that propose to move operations abroad. He threatens…
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