…Economists were not “sufficiently upfront about the distributional consequences of rapid changes in technology and globalisation. Amongst economists, a belief in free trade is totemic.” This may be so. But…

…between disavowing “heavy-handed tactics” and a more than 50% increase in the homicide rate? What exactly is the relationship here? Is everyone OK with the trade-off? In particular, are the…

…trade measures, such as anti-dumping tariffs and countervailing duties, and withdrawals from free trade agreements, are unlikely to be effective. Instead, they will redistribute the trade balances between our different…

…point which he stresses is quantitatively minor) … the BoE includes some nonstandard effects of trade: they assume that reduced trade (and foreign direct investment) will reduce productivity more than…

…would eventually lead to the Oslo Accord under Clinton. He supported negotiaions for expanding freer trade and the establishment of the World Trade Organizaion, again also completed under Clinton. He…

Trump’s trade wars can still lead to a producer led recession I wrote a piece last week for Seeking Alpha explaining that, while the consumer side of the economy is…

…favorite passions: reusing old stuff. A few years ago Adam Minter wrote Junkyard Planet about the trash trade, but many readers told him about how they reused stuff rather than…

…Trade openness also increases the probability of divestment, which the authors interpret as a sign of substitutability between FDI and trade. In addition, the existence of a regional trade agreement…

…2020 testimony from Brad Setser. The gist of this testimony was noted back in a March 26, 2019 blog post entitled When Tax Drives the Trade Data: I often hear…

…peaked in 2006, back before the global financial crisis. Output now is about 20 percent below its 2006 level. Pharmaceuticals tend to be capital not labor intensive. High quality pharmaceuticals…