“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 […]
Archive for the 'FreeTrade' Category
Aug30th2006
Jul13th2006
What Does Exploitation Mean?
Published by in (modern day) Liberalism, Chicanoism, Economics, FreeTrade, General, Hispanics (Minority Issues), Myths and Poverty. 15 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 […]
Feb27th2006
America’s Trade Deficit Is A Blessing
Published by in Economics, FreeTrade, General and Myths. 1 CommentDonald Boudreaux, Chairman of the Department of Economics at George Mason University, attempts to clear up the commonly misunderstood trade deficit:
Contrary to popular opinion, this so-called “deficit” is a blessing.
Consider that if Americans export lumber, sheetrock, and architectural blueprints to China so that people build a factory there, we’re gleeful. “Wonderful!” we proclaim. “Exports are […]
Jan26th2006
Quote Of The Day
Published by in Communism, Economics, FreeTrade, General, Hispanics (Minority Issues) and Myths. 0 Comments“In all times and in all places there has been too much government. We now know what prosperity is: it is the gradual extension of the division of labour through the free exchange of goods and ideas, and the consequent introduction of efficiencies by the invention of new technologies. This is the process that has […]
Jan14th2006
An Economists New Years Resolutions
Published by in Economics, FreeTrade, General and SocialSecurity. 4 CommentsGregory Mankiw, a professor at Harvard University and former chairman of President Bush’s Council of Economic Advisers gives us his New Years Resolutions:
CAMBRIDGE, Mass. — Now is a time when most of us sit back and reflect on the past year and on how to do better in the year ahead. Since I know, however, […]
Nov22nd2005
Quote Of The Day
Published by in (modern day) Liberalism, Economics, FreeTrade and General. 3 Comments“”Liberals” seem have been renamed “progressives” these days, but for some reason they still seem to be hostile to freer trade–although Gene Sperling is a refreshing exception. As a liberal/progressive economist, this hostility to trade has long pained me. Frankly, I don’t see anything “progressive” about protectionism”. –Alan Blinder, the Gordon S. Rentschler Memorial Professor […]
Nov21st2005
Quote Of The Day
Published by in Economics, FreeTrade, General, Hispanics (Minority Issues) and LatinAmerica. 0 Comments“Regarding U.S. policies towards Latin America, there is a double standard everywhere you look. It is crystal clear where Lula, Chávez, Kirchner, Vásquez, etc. want to go. Many ideas and policies of Marx, Lenin, Stalin, Mao, Castro, and Che Guevara are being rediscovered and openly applied by them, while U.S. foreign economic policy continues to […]
Nov8th2005
Outsourcing Is Becoming A Reality For Tutors
Published by in Economics, Education, FreeTrade and General. 0 CommentsOutsource Reporter writes:
For some time now, the Indian media has reported how teachers are a hot export from India – several leave every year to fill vacant positions in UK and USA. Now, technology is enabling teaching remotely – teachers sitting in India teach primarily math and science.
The first e-tutoring businesses started less than three […]
Nov7th2005
Quote Of The Day
Published by in Economics, FreeTrade, General, Hispanics (Minority Issues) and LatinAmerica. 0 Comments“I’ll confess that I haven’t been following the details of the Summit of the Americas, now underway in Mar De Plata, Argentina. I also haven’t figured out why economic growth and higher standards of living stubbornly refuse to arrive in most Latin American countries, despite their abundance of resources and proximity to the largest market […]
Oct5th2005
What are some of your favorite economic articles? As a non-economist, as someone who has not officially trained in the field, I would highly recommend the below articles to other non-economists who would like to sharpen up their economics skill set.
Roofs or Ceilings? The Current Housing Problem by Milton Friedman and George Stigler. This is […]
