Archive for the ‘Trade/Foreign Policy’ Category

As I always say, don’t conflate trade deals with trade (or the trade deficit)

January 24th, 2017

Over at the NYT. Special for OTE readers, parts that had to be cut for space: “Since the mid-1970s, the US has regularly imported more than we’ve exported. Net exports (exports-imports) have averaged just under -4 percent of GDP since 2000. Trade deficits are by definition a drag on growth, and that’s especially true in… Read more

Inequality, technology, globalization, and the false assumptions that sustain current inequities

December 22nd, 2016

Here’s a great interview with inequality scholar Branko Milanovic wherein he brings a much-needed historical and international perspective to the debate (h/t: C. Marr). Many of Branko’s points are familiar to my readers: yes, increased trade has upsides, for both advanced and emerging economies. But it’s not hard to find significant swaths hurt by globalization,… Read more