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Featured Articles

Advice for the President on NAFTA Renegotiation: Don’t Fix What Ain’t Broke
Politics | Sunday, February 26, 2017

Scapegoating trade for problems real and imagined has been a prominent part of American electoral politics for 25 years. So, during the campaign, when candidate Donald Trump referred to the North American Free Trade Agreement as “the worst trade deal ever negotiated,” his rhetoric wasn’t especially alarming.

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President Trump and the Truth about Trade, Globalization and Automation
Economy | Saturday, February 18, 2017

Major economic trends in international trade, globalization and automation were strongly reflected in the November 8th election of President Donald Trump. They also were underlining factors in the United Kingdom’s June 23rd decision to withdraw from the European Union, known as Brexit, and in support of populist politicians in Europe. Why is this?

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Over the Edge and into the Abyss for US-China Trade Relations?
U.S. | Thursday, February 16, 2017

Trade frictions are nothing new to the U.S.-China relationship. Over the years they’ve ebbed and flowed, but were managed with enough deft to avoid major meltdowns. That seems likely to change under President Donald Trump, an economic nationalist who sees trade as a zero-sum game and the United States emerging “the winner” of a trade war with China.

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A Realistic Trade Policy Is Missing from the Trump Agenda
Trade & Finance | Sunday, January 22, 2017

President Donald Trump is pushing all the right buttons when it comes to an economic agenda for his administration: eliminate excessive regulations, reduce corporate taxes, repeal Obamacare, pursue a sane energy policy, and fix immigration. But what is puzzling is that Trump has expressed some opinions about trade that are troubling.

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The World’s Most — and Least — Miserable in 2016
World | Sunday, January 22, 2017

What countries are the most and least miserable? In what follows, I update my annual Misery Index calculations. A Misery Index was first constructed by economist Art Okun as a way to provide President Lyndon Johnson with a snapshot of the economy.

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The False Promise of “Buy American”
Manufacturing | Sunday, January 22, 2017

If patriotism is the last refuge of scoundrels, where will President Trump turn when his “America First” policies lay waste to the very people he professes to be helping? The ideas conjured by “Buy American” may appeal to many of President Trump’s supporters, but the phrase is merely a euphemism for doling political spoils, featherbedding, and protectionism.

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End To “Wet Feet, Dry Feet” Is Good for Communist Cuba, Bad for Freedom
Labor | Sunday, January 22, 2017

Obama recently ended a decades old policy that allowed escapees from Communist Cuba to enter the United States without a visa. Known as “wet feet, dry feet,” it allowed Cubans who showed up at America’s borders to enter lawfully and earn an expedited green card. Cuba’s brutal Communist dictatorship, proximity to the United States, and history were the reasons for this relative openness. Obama sent a clear message to Cubans seeking freedom: stay away.

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Angela Merkel Won’t Be the Defender of Liberalism
Politics | Thursday, December 15, 2016

It wasn’t long ago that Germany’s Angela Merkel was anointed as the last defender of liberal Western values. She was even expected to hold America’s Donald Trump to account. But that vision died with her announcement that she supported prohibiting Muslim women from wearing a “full veil” face covering.

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Was Trump’s Campaign Rhetoric on Trade for Real?
Economy | Thursday, December 15, 2016

During his campaign, President-elect Donald Trump made some very confrontational statements on trade. He called the Trans-Pacific Partnership (TPP) the “rape of our country.” He suggested renegotiating, or even withdrawing from, the North American Free Trade Agreement (NAFTA). And he accused China and Mexico, among others, of “cheating” the U.S. in trade.

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Scrapping TPP Harms US Economic Interests, Strengthens China’s
Trade & Finance | Tuesday, December 13, 2016

Last week, President-elect Trump card his distaste for the Trans-Pacific Partnership and made withdrawal of the United States from the agreement a “Day One” priority. Although the move would hearten many of Trump’s supporters, history would judge it as folly — with a capital “F.”

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