“No Big Deal” says Krugman

Gary Clyde Hufbauer, Cathleen Cimino, 17 March 2014

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In a “man bites dog” column for the New York Times (February 27th), Paul Krugman, a self-proclaimed free trader, declared that the Trans-Pacific Partnership is “No Big Deal”. With free traders like this, who needs protectionists?

Equally disturbing as his headline, were the dubious justifications offered by Princeton’s Nobel Laureate.

Topics: Global governance, International trade
Tags: globalization, trade liberalization, Trans-Pacific Partnership

Lessons from the history of trade and war

Kevin Hjortshøj O’Rourke, Ronald Findlay, 10 March 2008

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To many seasoned observers of the world economy, today’s globalisation is a largely technological phenomenon.1 Once learned, new technologies are typically not forgotten, which is why globalisation can seem an irresistible force, destined to bind us ever more tightly together for the foreseeable future.

Topics: International trade
Tags: globalization, industrialization, politics, technology

Big governments and globalisation are complementary

Anna Maria Mayda , Kevin Hjortshøj O’Rourke, 12 November 2007

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While economists have preached the virtues of free trade for over two centuries, the majority of their fellow citizens remain stubbornly protectionist.

Topics: International trade
Tags: free trade, globalization, government intervention

Offshoring may reduce income inequality in short term

Karolina Ekholm, Karen-Helene Ulltveit-Moe, 30 July 2007

The received wisdom about the relative wages of skilled workers in the US is that the wage gap is growing as the skill intensity within industries is increasing, and these changes in wage and employment structure are often attributed to skill-based technical changes rather than to globalization and trade. Since the early 1990s, however, the pattern has been different.

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URL: http://www.cepr.org/pubs/new-dps/dplist.asp?dpno=6402.asp
Topics: International trade
Tags: globalization, offshoring, trade, wage inequality

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