The move is the first real sign that detente with China has transcended purely trade and economics.
Globalization is not limited to just trade and economics on an international level.
While preaching free trade, the economics profession helps undermine it with this zero-sum mentality focusing on the so-called balance of trade.
Mary O'Grady is a member of the editorial board at The Wall Street Journal and writes editorial columns on Latin America, trade and international economics.
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It would be ironic if the triumph of free trade and market economics in the emerging economies were to turn the rich world more protectionist and interventionist.
This is about international relationships, trade, and economics.
My major was economics and trade in China, it had nothing to do with law.
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The Korea Institute for Industrial Economics and Trade forecasts that unemployment could, at worst, reach 10% by the end of this year.
Trade policy is the Third Rail of Economics, because economists tell ourselves that free trade is the one thing all reasonable economists can agree on.
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Business journalists, more than most other kinds, should be attuned to the economics of their trade.
Or if you prefer, there are no answers in economics, only trade offs.
We'll be discussing the possibilities of deeper cooperation on economics, on trade, on science, on technology, and on security issues.
Much as he wishes to be the apostle of orthodox economics and free trade, he cannot afford to seem insensitive to the losers in this system.
He has also written several books, including Globalization and Its Discontents, The Roaring Nineties, Towards a New Paradigm in Monetary Economics, Fair Trade For All, Making Globalization Work, The Three Trillion Dollar War: The True Cost of the Iraq Conflict and Freefall: America, Free Markets, and the Sinking of the World Economy.
He ruled as a reckless populist, presiding over economic collapse, hyperinflation, corruption and a murderous guerrilla insurgency by the Maoist Shining Path and the smaller MRTA. He narrowly won the presidency again in 2006, partly by convincing Peruvians that he was a reformed character who believed in market economics and free trade, and partly because his challengers were even less convincing.
Indeed, lost on the devaluationist mindset that has thoroughly polluted the discredited economics profession is that trade is a two-way street.
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Everybody in the economics profession decries such trade distortions today, but it is no coincidence that high tariffs coincided with the era of greatest growth in U.S. manufacturing.
Trade rules are more politics than economics.
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Moreover, one of the reasons why is that markets like Direct Edge, who have been much more innovative, giving customers more opportunities to trade in different ways with better economics and execution quality, they've gotten a significant amount of flow.
The son of a trade unionist, Kovner abandoned his Harvard PhD in economics after a fit of writer's block.
Economics is a social science that studies trade-offs.
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Now those tools are available their use in economics pioneered by specialists in industrial organisation and trade so economists can breathe new vigour back into the lifeless body of geography.
Perhaps 20 years ago most trade negotiators would have settled for the definition in an elementary economics textbook: an absence of tariffs and quotas on goods.
Both books deplore the unchecked triumph of market forces, as if the state evaporated when the Berlin Wall came down. (It didn't: look at your pay-slip.) Both, rejecting without comment a basic tenet of economics, take it for granted that when countries trade, some at least of them must lose the question being whether all will lose, or just America.
In one camp are the forces of globalisation: not just McDonald's and other multinational firms but everything from the economics department at the University of Chicago to the World Trade Organisation.
Back in the world of economics textbooks, a fall in the exchange rate improves the trade balance in two stages.
Populist candidates are antagonistic to free trade on some level and usually do not have a grasp of basic economics.
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Fred Bergsten of the Institute of International Economics argues that the problems of adjustment - and the huge trade imbalance - will generate growing protectionist pressures in the US and Europe, undermining support for free trade.
In a 2001 study published in the Quarterly Journal of Economics Terry Odean and Brad Barber showed that the more often folks trade, the worse they do.
Though our focus is not on the benefits that free trade agreements bring to the US and to the rest of the world, economics are just one aspect of the US-Colombian relationship and perhaps not the most important.
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