Found 419 article(s) in category 'Trade Policy'

Externalities and Agricultural Import Bans: Evaluating Regionalization Measures in Light of the Russia – Pigs Dispute

Externalities and Agricultural Import Bans: Evaluating Regionalization Measures in Light of the Russia – Pigs Dispute. Mark Wu, 2018, “Article 6 of the SPS Agreement presents a series of interlinked obligations for importing and exporting countries of diseased agricultural products. The Russia – Pigs dispute raises the question of when an importing country is justified in imposing a ban on products from exporting countries unaffected by the disease, on the basis of the fact that the country is part of the same customs union as another country inflicted with the disease. This Article contends that four distinct classes of cross-border and cross-product externalities ought to play in an important role when assessing this question in the future. It discusses the possible roles to be played by bilateral, sequential, pass-through, and supply chain externalities in propagating the transmission of agricultural disease across borders through trade.Link

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Is America’s economy crushing it?

Is America’s economy crushing it? Kenneth Rogoff, August 29, 2018, Video, “As economists and Fed officials try to handicap whether the U.S. economy is “crushing it” as described by Trump’s chief economic advisor Larry Kudlow, it is fair to note there is a growing consensus that the recovery is not only sustainable but is also gaining momentum.Link


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Trump’s Goal With China Is Big Tariffs, Not A Deal

Trump’s Goal With China Is Big Tariffs, Not A Deal. Robert Lawrence, August 15, 2018, Audio, “Robert Lawrence, Professor of International Trade and Investment at the Harvard Kennedy School and former economic advisor to Clinton, on the deal that Trump really wants with China. Hosted by Pimm Fox and Lisa Abramowicz.Link

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Understanding Brexit: Cultural Resentment versus Economic Grievances

Understanding Brexit: Cultural Resentment versus Economic Grievances. Pippa Norris, 2018, Paper, “This study considers the evidence for ‘demand-side’ theories seeking to explain the outcome of the Brexit referendum and subsequent divisions in UK politics. Economic theories suggest that the Leave decision was driven mainly by the ‘left-behinds’ in jobs or wages, such as those living in struggling communities in the North of England, the Midlands, and Wales. By contrast cultural accounts emphasize political attitudes and values, including long-term British suspicion about the European Union project, public disgust with the political class at Westminster, anxiety about the effects of the refugee crisis and migration from other EU countries, and opposition to the government’s austerity cuts. These theories can also be regarded as complimentary rather than rivals, for example if economic deprivation catalyzed resentment about immigrants and the rejection of open borders.Link

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The WTO has become dysfunctional

The WTO has become dysfunctional. Dani Rodrik, August 5, 2018, Opinion, “How will the world trade regime handle a large, increasingly powerful country such as China that apparently plays globalisation by different rules? This is the question that keeps US and European policymakers awake at night. The fever runs highest in the US, where the Trump administration has blamed China for engaging in economic aggression and has declared trade war in response. The US president’s methods may be frowned upon, but the view that omething has to be done about China’s trade and industrial practices is widespread among mainstream policy elites.Link

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Globalization and Inequality

Globalization and Inequality. Elhanan Helpman, 2018, Book, “Globalization is not the primary cause of rising inequality. This may come as a surprise. Inequality within nations has risen steadily in recent decades, at a time when countries around the world have eased restrictions on the movement of goods, capital, and labor. Many assume a causal relationship, which has motivated opposition to policies that promote freer trade. Elhanan Helpman shows, however, in this timely study that this assumption about the effects of globalization is more myth than fact.Link

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How To Avoid a Trade War

How To Avoid a Trade War. Dani Rodrik, July 10, 2018, Opinion, “Economists typically argue against focusing excessively on the losers from freer trade, and they decry the tendency to overlook the beneficiaries on the export side. They should not be prone to the same fallacy now, by ignoring that US protectionism surely will generate some beneficiaries as well in other countries.Link

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