…affect trade deficits. By definition, a country’s trade balance equals national savings minus national investment. Christopher Towe explains how ongoing U.S. trade deficits, shown in the chart above, reflect these…
Third Way (h/t TPM), a Democratic pro-trade think tank, has released a new study, “Are Modern Trade Deals Working?” It examines the various “free trade” deals the U.S. has signed…
…surplus) exceed that of their respective intra-EA balances, I hypothesize that the global imbalances exacerbated, even caused, the EA imbalances. Thus, EA imbalances are not a microcosm of the broader…
…it appears that the balances are coming in ahead of standard Intermediate Cost projections you can conclude that the outlook is by that amount better than expected. If those balances…
…also has a significant impact on the US balance of trade. In recent months the real trade balance has appeared to be bottoming and this has been starting to get…
Trade with China as Technological Revolution There have been some thought provoking comments recently about the US’s trade with China, and we haven’t had a good trade debate on here…
…the theoretical problem, which psychologically if not analytically drives everything else. Krugman is a high priest of the doctrine that trade balances are caused by capital account balances, which in…
…Agreement (NAFTA) or the trade agreements embodying the World Trade Organization (WTO) reduce or eliminate costly barriers to trade and lead to its expansion. The grain example helps show why…
…the American worker. He makes no apology for being a free trader just as nearly all economists make no apology for being free traders. Is free trade an economic concept?…
…the World Trade Organization (WTO) and opening trade relations with China, which joined the WTO in 2001. Trade rose from 19 percent of the U.S. economy in 1989 to 31…