“Free trade with Colombia can’t have anything to do with loss of US jobs: Colombia’s exports already enter the US duty-free. Rather, the Free Trade Agreement would reduce remaining Colombian barriers to imports from the US….It is hard to escape the conclusion that the only reason Congressmen are opposing the Colombian […]
Archive for the 'FreeTrade' Category
Apr29th2008
Quote Of The Day
Published by in Economics, FreeTrade, General, Hispanics (Minority Issues) and LatinAmerica. 2 CommentsMar3rd2008
“Trade is just one manifestation of consumer sovereignty. Just as there are, by Blinder’s calculus, winners and losers from consumers shifting their expenditures from goods made in America to goods made abroad, there are winners and losers from consumers shifting their expenditures from goods made in Illinois to goods made in Arizona - and […]
Feb29th2008
Democrats Will Improve Our Image Abroad?
Published by in (modern day) Liberalism, Economics, FreeTrade, Hispanics (Minority Issues), LatinAmerica and ModernPolitics. 6 CommentsIt looks like they are making the problem worse:
Candidates rebuked for attacks on Nafta
Mexico and Canada on Wednesday voiced concern about calls by Barack Obama and Hillary Clinton to renegotiate the North American Free Trade Agreement, as the Democratic presidential hopefuls compete to adopt the most sceptical stance towards free trade ahead of next […]
Feb22nd2008
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So argues University of Rochester Economics Professor Steven E. Landsburg. Do you agree or disagree? If you disagree, I’d be interested in knowing why.
Jan30th2008
Quote Of The Day
Published by in Economics, FreeTrade, General, Hispanics (Minority Issues) and LatinAmerica. 1 Comment“Gustavo Vega, director of the Center for International Studies at the prestigious Colegio de Mexico in Mexico City, said that while NAFTA has helped create more jobs for Mexicans, it has not helped create enough of them. Still, had it not been for passage of the North American Free Trade Agreement in 1993, Mexico would […]
Jun19th2007
Fed Chair On Free Trade and Globalization
Published by in Economics, FreeTrade and General. 2 CommentsBen Bernanke gives his thoughts on Globalization:
Trade benefits advanced countries like the United States, but open trade is, if anything, even more important for developing nations. Trade and globalization are lifting hundreds of millions of people out of poverty, especially in Asia, but also in parts of Africa and Latin America. As a source of […]
Nov21st2006
“Without subsidies, it would not pay for Americans to produce much cotton; with them, the US is the world’s largest cotton exporter. Some 25,000 rich American cotton farmers divide $3 to $4 billion in subsidies among themselves – with most of the money going to a small fraction of the recipients. The increased supply depresses […]
Oct2nd2006
E-Tutoring On The Rise And Unions Want None Of It
Published by in Economics, FreeTrade, General and Unions. 4 CommentsYahoo News reports:
BOSTON (Reuters) - Private tutors are a luxury many American families cannot afford, costing anywhere between $25 to $100 an hour. But California mother Denise Robison found one online for $2.50 an hour — in India.
“It’s made the biggest difference. My daughter is literally at the top of every single one of her […]
Aug30th2006
“Between 1990 and 2002 more than 174 million people escaped poverty in China, about 1.2 million per month. With an estimated $23 billion in Chinese exports in 2005 (out of a total of $713 billion in manufacturing exports), Wal-Mart might well be single-handedly responsible for bringing about 38,000 people out of poverty in China each […]
Jul13th2006
What Does Exploitation Mean?
Published by in (modern day) Liberalism, Chicanoism, Economics, FreeTrade, General, Hispanics (Minority Issues), Myths and Poverty. 10 CommentsIt is often heard that transnational corporations are evil for ‘exploiting’ underdeveloped countries ‘cheap labor’ by opening up businesses there and if only corporations would stop their ‘exploitation’, the economies in those countries would improve.
Matt McIntosh, writing in Tech Central Station disagrees and in the process explains some economic principles:
Let us say that I am […]
Jul12th2006
Fastest Growing States Vote Conservative - Around The World
Published by in (modern day) Liberalism, Economics, FreeTrade, General, Hispanics (Minority Issues) and LatinAmerica. 8 CommentsDuring the last two presidential elections I reported how pro-growth areas, both demographic and economic, tend to vote Republican and anti-growth areas tend to vote Democrat, for example, the European magazine The Economist shortly after the 2004 election reported:
Mr Bush’s optimistic message gave him a commanding advantage in pro-growth America….Most of Mr Kerry’s base […]
Jul5th2006
Quote Of The Day
Published by in Economics, FreeTrade, General and Hispanics (Minority Issues). 0 Comments“The skeptical reader may well say that this theory is all a little too neat, and that reality is not always like that. So, let us set theory aside for the moment and ask whether or not multinational companies really do make poor countries demonstrably wealthier. When we repair to the data, we find consistently […]
Apr27th2006
“Asian workers would be aghast at the idea of American consumers boycotting certain toys or clothing in protest. The simplest way to help the poorest Asians would be to buy more from sweatshops, not less….For all the misery they can engender, sweatshops at least offer a precarious escape from the poverty that is the developing […]
Apr25th2006
Quote Of The Day
Published by in Economics, FreeTrade, General, Hispanics (Minority Issues) and Immigration. 8 Comments“There is an isomorphism between immigration, outsourcing, and free trade in general. In each case, overall economic efficiency is increased, due to the law of comparative advantage. There are distributional effects, to be sure, but no nation has been able to demonstrate an ability to use trade restrictions of any sort to reduce overall poverty. […]
Apr11th2006
“We now know that the secret to curing hunger and poverty is capitalism and free trade. We have seen that demonstrated irrefutably in East Asia, which has experienced the greatest alleviation of poverty in the history of man. In half a century, places like Hong Kong, Taiwan and South Korea have gone from subsistence to […]
Apr10th2006
Quote Of The Day
Published by in (modern day) Liberalism, Economics, FreeTrade and General. 0 Comments“The trade issue is crippling the Democrats. The unions are terrified by trade, and they’re still a major Democratic constituency. Hillary Clinton will be caught in this dilemma unless the party faces up to it and says, ‘Look, we really can’t be against trade with poor countries.’ ” –Jagdish Bhagwati, Columbia University economist who wrote […]
