Free Trade: Latin America’s Last Hope?

Costa Rica’s voters ratified the Central American Free Trade Agreement, a sign of hope against a rising tide of populist, anti-trade sentiment in Latin America — and the United States. “In short, this is not the time for Latin America to abandon free trade agendas,” Gregg says. Continue Reading...

Who’s Afraid of Free Trade?

In answer to the query in the headline of this week’s Acton Commentary, “Who’s Afraid of Free Trade?”, I submit the following: the ecumenical movement. Note the following news item from Ecumenical News International: Church groups mount week of action to transform global trade Geneva (ENI). Continue Reading...

Islam’s Quiet Revolution

Society is changing as economic freedom and diversification gradually creep into the Middle East. Dr. Samuel Gregg, director of research at the Acton Institute, explores the effects of free trade on nations including Kuwait, Bahrain, Qatar, and the United Arab Emirates and, in turn, the effect those nations are having on their neighbors. Continue Reading...

Fair Trade’s Faded Facade

The Free Exchange blog at Economist.com (HT) concludes a long and thoughtful post on fair trade, specifically in response to this recent NYT article, “Fair Trade in Bloom,” by wondering: And how does this affect coffee supply? Continue Reading...

Globalization By Itself is Not Enough

A recent NBER paper, “Distributional Effects of Globalization in Developing Countries,” by Pinelopi Koujianou Goldberg and Nina Pavcnik examines some effects of trade liberalization on low-skill workers. Les Picker summarizes the findings, “Not surprisingly, the entry of many developing countries into the world market in the last three decades coincides with changes in various measures of inequality in these countries. Continue Reading...

Japanese Comics and Cultural Economics

A few weeks ago I was listening to a very engaging American RadioWorks documentary, rebroadcast from last October, “Japan’s Pop Power.” The show focused on the increasing cultural imports to America coming from Japan, which by some estimations will soon dwarf industries typically associated with American-Japanese trade like automobiles, technology, and electronics. Continue Reading...

Sane Asylum?

New Haven, Conn., isn’t waiting for a green light from the federal government to solve its illegal immigration problem: Two weeks ago, it became the first city in America to issue its own ID card. Continue Reading...