Relevant and even prescient commentary on news, politics and the economy.

Chocolate, the free market battle ground

I’m a chocoholic.  Can’t eat it as much as I used to.  So, this bit of news by way of C & L caught my eye.  I’ll let the article speak for it’s self. As a result of a settlement with the Hershey’s Company, Let’s Buy British Imports, or L.B.B., agreed this week to stop […]

World Trade

Mark J. Perry reports on the latest world trade data from The CPB Netherlands Bureau for Economic Policy Analysis.  He presents a graph from 2000 on showing that the levels of world trade and world industrial output have both reached new post-recovery highs. He takes this to be very good news, and draws some broad […]

Be afraid on Labor Day

by Dan Crawford (Rdan) Business Insider offers one sort of opinion by Mike Shedlock… what I can gather from the short article are the implications that outsourcing over the globe is a consequence of unions, that we should be more like Louisiana, and there is no economic literature on labor to offer some alternative explanations. […]

The Great Trade Collapse…VoxEU

Richard Baldwin at VoxEU introduces a new book on “great trade collapse” before the WTO meeting occurring shortly. Re-posted with attribution: The Great Trade Collapse World trade experienced a sudden, severe and synchronised collapse in late 2008 – the sharpest in recorded history and deepest since WWII. VoxEU today posts a new Ebook – written […]

Accurate Headline: After three years of U.S. recession, Canada looks East

The WSJ wants to pretend that Barack Obama is responsible for Canada making a good decision: Prime Minister Stephen Harper and President Nicolas Sarkozy of France signed an agreement Friday to begin negotiations for a free trade pact between Canada and the European Union. A Canada-EU study released last week outlines the joint economic benefits […]

A Quick One on Externalities of Foreign Trade

I won’t pretend this is part of the Vladimir Masch discussion, or one of the traditional thorough-analysis Angry Bear posts. Just a data point on which we may need to work later, and a report that will be of interest to many who read here. UPDATE: As rdan notes in comments, this “links to testing […]

WTO Doha, agriculture, and values

As I re-do templates for eventual updates to the site, I found this graphic on AB from the early days. I did misplace the link, sorry. But it appeared to be a great graphic for several thoughts: 1. The foundering of the Doha agreements was centered around agriculture protection. 2. Our beliefs about values are […]

WTO GATS and strategies of regional hubs Part 1

Now India is outsourcing outsourcing. One of the constants of the global economy has been companies moving tasks – and jobs – to India, where they could be done at lower cost. But rising wages for programmers here, a strengthening currency and companies’ need for workers in their clients’ time zones or for workers who […]