Archive for the ‘Trade/Foreign Policy’ Category

References/Links to stuff you might like: recession, race, and trade

July 11th, 2016

First, the NYT’s Room for Debate series asks the important question: Are we ready for the next recession? As OTE regulars know, I say “no,” based on monetary policy, fiscal policy, and politics (otherwise, we’re fine…). I enjoyed other entries that stressed the importance of direct job creation programs, which make a lot of sense, especially… Read more

Brexit and austerity: they’re connected

June 27th, 2016

As I discuss in today’s WaPo, Brexit was a function of many factors: –PM David Cameron’s reckless, opportunistic political gambit: calling for the referendum back in 2013 to assuage his far right Euro-skeptics in time for the upcoming election. –Strong anti-immigration and anti-globalization sentiments. The unleashed xenophobia, surely linked to the refugee crisis, is to… Read more

UK to EU: We Out. Scattered thoughts on Brexit

June 24th, 2016

No time to organize thoughts, so here are a few synaptic firings. –I was disappointed by the outcome but not surprised. As I’ve written, this was in no small part a referendum on immigration, and the timing of the vote interacted with rising anger about this and other impacts of globalization. –The structure of the EU–a common… Read more

Do economists understand economies?

June 21st, 2016

Consider: –The economist Greg Mankiw had an essay in the NYT last week on five theories as to why growth has been so sluggish for so long (Greg’s focus was on the US, but it could have applied to Europe as well). Mankiw, a Harvard professor and writer of widely used textbooks, has long been… Read more

Read this now: Clyde Prestowitz’s masterful history of the political economy of trade in the US

June 16th, 2016

In this election cycle, the politics of trade have surfaced as a major issue, and the usual establishment position—more “free” trade agreements are always in our interest—held by both sides, is seriously on the ropes. I’ve tried to tap this opportunity to explain the nuances as I see them: –Do not conflate globalization and trade… Read more