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tsuomela : trade   35

Tsing, A.L.: The Mushroom at the End of the World: On the Possibility of Life in Capitalist Ruins. (eBook and Hardcover)
"Matsutake is the most valuable mushroom in the world—and a weed that grows in human-disturbed forests across the northern hemisphere. Through its ability to nurture trees, matsutake helps forests to grow in daunting places. It is also an edible delicacy in Japan, where it sometimes commands astronomical prices. In all its contradictions, matsutake offers insights into areas far beyond just mushrooms and addresses a crucial question: what manages to live in the ruins we have made? A tale of diversity within our damaged landscapes, The Mushroom at the End of the World follows one of the strangest commodity chains of our times to explore the unexpected corners of capitalism. Here, we witness the varied and peculiar worlds of matsutake commerce: the worlds of Japanese gourmets, capitalist traders, Hmong jungle fighters, industrial forests, Yi Chinese goat herders, Finnish nature guides, and more. These companions also lead us into fungal ecologies and forest histories to better understand the promise of cohabitation in a time of massive human destruction. By investigating one of the world’s most sought-after fungi, The Mushroom at the End of the World presents an original examination into the relation between capitalist destruction and collaborative survival within multispecies landscapes, the prerequisite for continuing life on earth."
book  publisher  commodities  food  capitalism  exchange  trade  environment 
july 2016 by tsuomela
How Donald Trump Could Beat Hillary Clinton | The Nation
"In the general election, he could win by running to her left—and her right."
politics  campaign  2016  prediction  election  trade  liberal 
march 2016 by tsuomela
Low-wage East meets high-quality West: New firm-level evidence from France | vox - Research-based policy analysis and commentary from leading economists
"With exports from low-wage countries like China on the rise, the question of what this means for trade and jobs in developed countries is a furious war of words. This column, using firm-level data for France between 1995 and 2005, shows that competition from low-wage markets actually boosts the sales of high-quality goods – but it concedes the benefits are not universal."
econometrics  economics  comparison  international  trade  wages  income 
march 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
Hayek, Trade Restrictions, And The Great Depression - Paul Krugman Blog -
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
How we Americans spent ourselves into ruin but saved the world | Pax Americana | News & Culture in Silicon Valley, CA
In fact, there has been only one top nation that ever avoided the habit, and that was the United States. Upon finding itself the dominant power at the end of World War II., the United States had the opportunity to impose its own vision of international trade. And it did.
At this crucial moment, something special happened. At the behest of Marshall and his advisers, America became the first power in history to deliberately establish countermercantilist commerce flows. Nations crippled by war or mismanagement were allowed to maintain tariffs, keeping out American goods, while sending shiploads from their factories to the United States. Each administration since Marshall's time, regardless of political party, has abided by this compact—to such a degree that the world's peoples now simply take it for granted!
america  power  history  20c  mercantilism  economics  trade 
december 2009 by tsuomela / Comment / Opinion - Mother of all carry trades faces an inevitable bust
This unraveling may not occur for a while, as easy money and excessive global liquidity can push asset prices higher for a while. But the longer and bigger the carry trades and the larger the asset bubble, the bigger will be the ensuing asset bubble crash. The Fed and other policymakers seem unaware of the monster bubble they are creating. The longer they remain blind, the harder the markets will fall.
econometrics  banking  gloom-and-doom  bubble  international  trade  monetary-policy 
november 2009 by tsuomela
Uncertainty and climate change — Crooked Timber
it’s a straightforward implication of standard economic analysis that the more uncertainty is the rate of climate change the stronger is the optimal policy response. That’s because, in the economic jargon, the damage function is convex. To explain this, think about the central IPCC projection of a 3.5 degrees increase in global mean temperature, which would imply significant but moderate economic damage (maybe a long-run loss of 5-10 per cent of GDP, depending on how you value ecosystem effects). In the most optimistic case, that might be totally wrong – there might be no warming and no damage. But precisely because this is a central projection it implies an equal probability that the warming will be 7 degrees, which would be utterly catastrophic. So, a calculation that takes account of uncertainty implies greater expected losses from inaction and therefore a stronger case for action.
climate  global-warming  economics  policy  environment  trade  politics  uncertainty  optimum  action 
september 2009 by tsuomela
Thorium-fuelled exports coming from India
India has announced intentions to export power reactors to other nations and is developing an advanced design for that purpose.
The head of India's Atomic Energy Commission, Anil Kakodkar, announced yesterday in Vienna a special version of the forthcoming Advanced Heavy Water Reactor (AHWR) adapted to use low-enriched uranium (LEU) fuel.
energy  environment  nuclear  power  country(India)  technology  trade 
september 2009 by tsuomela
Restoring American Competitiveness -
Decades of outsourcing manufacturing has left U.S. industry without the means to invent the next generation of high-tech products that are key to rebuilding its economy.
business  innovation  american  future  economics  competition  international  trade  manufacturing  recession  r&d  investment  industry  outsourcing 
august 2009 by tsuomela
What Would a Fair-Labor iPod Cost? - Umair Haque -
The results are surprising. An American made iPod Classic costs just 23% more than a Chinese made iPod Classic: $58 more, to be precise. The same relationship holds across the iPod family (price differentials in the 20-30% range) The iPod is a durable good, so that's a difference — but smaller than one might expect.
money  trade  ipod  apple  labor  outsourcing 
august 2009 by tsuomela
Global Imbalances and the Financial Crisis - Council on Foreign Relations
root causes of today’s crisis: imbalances between savings and investment in major countries. The report analyzes the nature of these imbalances, which occur when some countries, such as the United States, run large current account (essentially trade) deficits while others, such as China, maintain large surpluses.
economics  crisis  trade  international 
march 2009 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
Economist's View: Fed Watch: What If the Analogy is Wrong?
the coming massive US policy response is a desperate attempt to maintain a global economic structure that is fundamentally broken. This is a story I have long championed, but, in recent months, one I was willing to discount given my expectations of an improvement in the current account. Indeed, this seemed consistent with the strengthening of the Dollar. But recent trade data suggests I may have become too complacent with regards to the external dynamic.
economics  trade  world  crisis  gloom-and-doom 
december 2008 by tsuomela
Paul Krugman - How I Work
What had I found? The point of my trade models was not particularly startling once one thought about it: economies of scale could be an independent cause of international trade, even in the absence of comparative advantage. This was a new insight to me, but had (as I soon discovered) been pointed out many times before by critics of conventional trade theory. The models I worked out left some loose ends hanging
economics  trade  international  workflow  work  practice  research  people-paulkrugman  nobelprize 
october 2008 by tsuomela

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