Category Archives: Teaching international trade

Trump and Navarro want to make the U.S. more like China… Why do we want to be poorer?

“More manufacturing.” “Without manufacturing we cannot be a great nation.”  So think about it.  The more like China the United States becomes, the more our average per capita income will drop to $5,000 per person (China’s), instead of $45,000 (ours … Continue reading

Posted in Teaching international trade, Teaching macroeconomics, United States | 1 Comment

Fixed exchange rate arrangements per IMF 2014

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Why could the ruble not have collapsed while I was teaching macroeconomics?

To try to stanch the bleeding, on Monday evening (the middle of the night Moscow time), the Central Bank of Russia announced a stunning interest rate increase. Its main deposit rate is now 17 percent, up from 10.5 percent when … Continue reading

Posted in Teaching international trade, Teaching macroeconomics

Are TPP trade negotiations secret or not… an interesting issue

USTR spokeswoman Carol Guthrie disputes Weinger’s claim that the TPP negotiating process has been secretive. “The reality is that TPP negotiations have been more transparent and consultative than any U.S. trade agreement in history while maintaining the confidentiality appropriate for … Continue reading

Posted in Teaching international trade

Excellent The Economist survey on trade in the Pacific and the TPP

Michael Froman, America’s trade representative, says the TPP is about ensuring high labour standards, exposing state-owned enterprises to level competition with private enterprises and including digital activity “to ensure a free and open internet”. When he held informal talks with … Continue reading

Posted in Teaching international trade

Trade talks with Asia high on President Obama’s agenda

Talks with China over expanding the 1997 treaty on information technology broke down last year over the scope of the products covered by the agreement. But after intensive negotiations leading up to Mr. Obama’s visit, Mr. Froman said, the Americans … Continue reading

Posted in Teaching international trade

Critique of Trans-Pacific Partnership trade pact

Posted in Teaching international trade