The International Trade Commission (ITC) just released its 792-page monster of a report on the “likely impact” of the Trans-Pacific Partnership (TPP) on the US economy. The findings are largely positive on net but tiny, which confirms two of my priors. First, I see no rational way your support or opposition to the TPP can… Read more
In case OTE’ers missed these: We need to be more honest about the costs of trade. The policy and politics behind some of today’s populist anger, at least the part about the economy.
Economist David Autor et al keep producing really important findings about the impact of trade on people and communities hurt by international competition. Their latest entry, on the connection between trade-induced job losses and political polarization, is written up in today’s NYT: “Cross-referencing congressional voting records and district-by-district patterns of job losses and other economic… Read more
I’ve long been a fan of the economist Alan Blinder, he of the hard head, soft heart (a great book, absolutely crying for an update, Alan!). In fact, Alan co-authored an important paper for our Full Employment Project on the policy lessons from the Great Recession. So I was a bit blind(er)-sided by his WSJ… Read more
In his oped out today, Larry Summers lands where I do in various recent posts. What he calls the “revolt against global integration” can lead to regressive Trumpian protectionism or to a new, more inclusive approach to expanded trade. Larry lays out the benefits of expanded trade both in terms of consumer benefits and “economic… Read more