Category: "trade data"

The Surprising Pevalence of Surprises in Export Specialisation

January 22nd, 2017
in trade data, macroeconomics

by Voxeu.org

-- this post authored by Diego Daruich, William Easterly and Ariell Reshef

National trade policies have been at the heart of recent policy debates, with many calls for industrial policies to help pick winners. This column shows that while a few export goods account for the bulk of export value within each country, hyper-specialisations are very unstable, making it unlikely that industrial policy will work even in the medium run. The best policy to promote exports would be just to let entrepreneurs exploit new opportunities as they arise.

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What Should Trump Do With Free Trade?

Written by

Water is necessary for your health. Drink too much water and you can get hyponatremia. It is very serious, and can be fatal. Too much of anything is not good. President-elect Trump believes one of the major problems in the economy is too much free trade.

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Trump on Trade – What Will He Really Do?

December 14th, 2016
in trade data, macroeconomics

by Elliott Morss, Morss Global Finance

Introduction

We have heard a lot of “loose” statements from Trump on what he will do to countries “cheating on trade” when he becomes President. In this piece, I examine the underpinnings of his assertions and speculate on what his trade policies will actually be when he becomes President.

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The Truth About Trade Agreements - and Why We Need Them

December 7th, 2016
in trade data

from Voxeu.org

-- this post authored by Chad Bown, Peterson Institute for International Economics; CEPR Research Fellow

The recent pace of globalisation has led to disheartening job loss for some Americans, especially in certain communities that backed Mr. Trump in the election. While imports and exports indisputably contribute big gains to the US economy overall, those resulting benefits have not been adequately shared.

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Trade Globalisation in the Last Two Centuries

October 13th, 2016
in trade data, macroeconomics

by Voxeu.org

-- this post authored by Michel Fouquin and Jules Hugot

Appeared originally on Voxeu.org 17 September 2016

Historians and economists generally identify two periods of trade globalisation, the first beginning around 1870 and the second during the 1970s. The column argues that new data from 1827 onwards shows globalisation beginning as trade barriers were lowered around 1840, and that both periods of globalisation were surprisingly fuelled by a regionalisation of world trade. If globalisation continues to grow in future, regionalisation may decline.

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