Category Archives: Teaching international trade

Puerto Rico Declares a Form of Bankruptcy

I am sure President Trump with his extensive experience with bankruptcy, and his many friends owning island property, will be deeply involved in the negotiations and eventual resolution.  From NYT. The governor of Puerto Rico, Ricardo Rosselló, said he would … Continue reading

Posted in Teaching international trade, Teaching macroeconomics, United States

What is Trump administration proposing to do about NAFTA, actually?

In the end these seem like fairly narrow issues to negotiate, and the other parties presumably have some aspects of the agreement that they also would like to change. In a draft letter circulated among members of Congress this week, … Continue reading

Posted in Teaching international trade

Retaliatory tariffs on Canadian lumber?  Even Cato Institute thought it was a bad idea

Protectionist trade barriers in the softwood lumber industry impose great costs on businesses and consumers here in the United States in order to enrich a few lumber producers. To put employment figures in perspective, it is noteworthy that workers in … Continue reading

Posted in Burkina Faso, 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