A new look at US trade and employment data shows why it’s wrong to believe that foreign competition accounts for weak job growth since 2000.
Editor’s Note: a topical article, but the economic analysis provided is interesting and of value for other countries and times…
Pose the question to any audience, “How many here favor free trade and how many support protectionism or managed trade?” Inevitably, an overwhelming majority of hands are raised for free trade.
In the leading academic centers and think tanks, as well as in most of the press and major business organizations, the need for freer trade is constantly enjoined. And yet….
Editor’s Note: this article was … [ Read more ]
Removing tariffs is easy. Breaking down social barriers to trade is hard.
To judge by the example of Canada, which began an experiment in free trade with the United States in 1989, the proposed U.S. free-trade agreement with Mexico is a threat to the social comity on which prosperity depends.
Editor’s Note: this was written back in 1992 but the analysis it provides is really interesting and of long-lasting value when evaluating free trade concepts (thanks to … [ Read more ]
The financial crisis of 1997-98 hit the East Asia and Asia Pacific area hard, especially the primary regional organisations ASEAN and APEC. Perhaps down, but not quite out, a new regional group called ASEAN Plus Three (APT) emerged. Will it succeed where the others have failed? Professor Douglas Webber examines the strengths and weaknesses of these organisations. He also shows how several of the factors … [ Read more ]
The legality of trademark protection in gray markets is determined by the principles of: universality, exhaustion and territoriality. Recent cases involving the Tariff, Lanham, and Copyright Acts have restricted the level of legal recourse where parallel imports jeopardize the trademark holder’s investment and/or create confusion amongst the consumers. The landmark 1998 L’Anza Supreme Court decision clearly sends a message to trademark owners that legislative protection … [ Read more ]
Abstract: The Internet stimulates trade. Using a gravity equation of trade among 56 countries, we find no evidence of an effect of the Internet on total trade flows in 1995 and only weak evidence of an effect in 1996. However, we find an increasing and significant impact from 1997 to 1999. Specifically, our results imply that a 10 percent increase in the relative number … [ Read more ]
Because of its ability to link people around the world, the Internet is causing a global logistics transformation. Moving goods and dealing with customs and tariffs is still hard, but software automation and supply-chain suites are starting to help the process.