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tsuomela : free-trade   12

Steve Rattner, Card Carrying Member of Top 1%, Tells Us We Should Lie Back and Enjoy Much Lower Wages Resulting From Globalization « naked capitalism
"Until the 2000s, in every economic expansion, labor got the bulk of the increase in GDP, typically over 60%, via more jobs and increased pay. Post 2000, there was an astonishing change, a shift from labor share, which fell to below 30%, and a massive increase in corporate profits. In other words, there was huge shift away from labor to capital. This has little to do with globalization and much to do with the weakened bargaining power of US workers. As much as it has become fashionable to look down on unions (and their corruption and short-sightedness hasn’t helped), having well paid blue collar workers helped the negotiating position of non-unionized white collar employees."
economics  capital  labor  outsourcing  international  free-trade 
october 2011 by tsuomela
Americans Are of Two Minds on Trade - Pew Research Center
The public is of two minds when it comes to trade with other countries. Most Americans say that increased trade with Canada, Japan and European Union countries -- as well as India, Brazil and Mexico -- would be good for the United States. But reactions are mixed to increased trade with South Korea and China.

More generally, there is increased skepticism about the impact of trade agreements such as NAFTA and the policies of the World Trade Organization. Roughly a third (35%) say that free trade agreements have been good for the United States, while 44% say they have been bad for the U.S.
polling  poll  trade  international  free-trade  american 
november 2010 by tsuomela
Economist Debates: Industrial policy
A debate on industrial policy: Dani Rodrik and Josh Lerner.
economics  industry  industrial-policy  policy  free-trade 
july 2010 by tsuomela
Hayek, Trade Restrictions, And The Great Depression - Paul Krugman Blog - NYTimes.com
More broadly, I’ve written before that the attempt to place blame for the Depression on protectionism is a sort of Noble Lie, an attempt to scare people into trade policy that’s good for other reasons.
free-trade  economics  trade  crisis  regulation  depression 
july 2010 by tsuomela
Angry Bear: Legal Protectionism: A New Mercantilism
"A modified version of mercantilism is alive and well...and it has been for some time. The game always has been trade. The question always has been: How do we game the system?"
Mentions China lowering taxes for foreign firms to less than the taxes for indigenous firms. This is not covered by WTO.
economics  trade  mercantilism  free-markets  free-trade  growth  nationalism  China  WTO 
february 2009 by tsuomela
Free Trade's Great, but Offshoring Rattles Me - washingtonpost.com
There will also be great political strains on the open trading system as millions of white-collar workers who thought their jobs were immune to foreign competition suddenly find that the game has changed -- and not to their liking.
economics  international  free-trade  career  education  training 
may 2007 by tsuomela

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