A FEW days ago, I visited the shiny headquarters of the Peterson Institute for International Economics on “think tank row” in Washington — basically, the locker room of the Team Globalization and Free Trade cheering squad. [Steve Rattner| January, 27 2016 | The New York Times] I was there to take part in a discussion…
In the world of inter-governmental trade agreements, the signing often gets the most attention. But it is the ratification by member states, required to make such agreements reality, that may be the most difficult part of the process. [Chuck Chiang| January, 24 2016 | The Vancouver Sun] An agreement as large as the 12-member Trans-Pacific…
A pro-trade group that wants Congress to approve the 12-nation Trans-Pacific Partnership released a study Tuesday forecasting large income gains — but also acknowledging hundreds of thousands of job losses in some sectors. [Brendan Kirby| January, 27 2016 | PoliZette] The study by the Peterson Institute for International Economics euphemistically refers to job losses…
Establishment economists will defend to the death the idea that trade does not destroy jobs. Yes, I’m serious. They believe that. Really. Instead, they say, job losers move into other jobs so there is no net job loss. They also assume that trade deals cause no change in the balance of trade. This matters because…