Tag / trade
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The Antidote To The Sino-American Trade Conflict
For most of human history all but a sliver of the populace scraped by on a meager income below the current International Poverty Line of just $1.90. Not until the Enlightenment in the West did global wealth experience a significant, sustained increase over time. Not coincidentally, the interval since the Enlightenment has also been the…
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Trades and Tweets
It is likely that anyone who has consumed any form of news in the last several months has heard about the U.S.’s trade war with China. It is equally likely that that news contained some mention of how irrational, ineffectual, and harmful this trade policy is. Trump’s tweets on the issue have not exactly inspired…
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China’s Economic Perils in a Post-Trump World
The past 70 years of globalization have been the single greatest period of economic and cultural connectivity among nations in history. Since the 1970s, the accelerating international flow of goods, resources, people, ideas, and capital has given birth to countless trade networks and opportunities for development. By many measures, China has been globalization’s greatest beneficiary.…
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Regulating the Race to the Bottom
On November 24, 2012, a fire broke out in the Tazreen Fashions factory near Dhaka, Bangladesh. Managers ordered workers to stay in their seats, thinking the alarm was a drill. 123 workers died as the fire spread throughout the building. Workers trapped inside were incinerated; others jumped to their deaths out of upper-story windows. Five…
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A Global Market for Organs
According to the American Transplant Foundation, an average of twenty-one people die every day in the US alone due to a shortage of organs available for transplant, powerless against their personal health challenges. Most patients wait years to rise higher on the list, with approximately seven percent dying before ever receiving the transplant that could…
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Alexander the Great, Soccer, and Child Labor
You’ve never heard of Sialkot, Pakistan, but you’ve almost certainly seen their product – and maybe even kicked it a couple of times. Sialkot produces half of the world’s soccer balls, including those used in last year’s World Cup. The story of how the city has been shaped by markets serves as a testimony to…
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Why We Need the Trade Promotion Authority Now
BY JARED TURKUS The economy is finally recovering from the Great Recession. The deficit is falling at the fastest rate since WWII: it stands at $645 billion, down from $1.4 trillion in 2010. The unemployment rate was 10 percent in October 2009; as of December 2013 it has fallen to 6.7 percent. GDP grew 3.2…
