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"U.S. Representative Sherrod Brown - a leading progressive voice in Congress - takes apart free-trade dogma, myth by myth." "Ten years after NAFTA, free-trade policies have not brought prosperity to Mexican workers, and more than one million American jobs have been lost as a result of the agreement. Do free-trade pacts foster democracy? Brown examines the facts. Are fast-track agreements necessary to fight the war on terrorism? Brown dissects the arguments and the evidence."--BOOK JACKET.
Globalization and the Myths of Free Trade by Anwar Shaikh Pdf
Written by an international team of contributors this book is a critical examination of the ongoing enterprise of neoliberalism; its history, theory, practice, and most of all, of its outcomes.
"To revive anemic growth in the aftermath of the global financial crisis, policy makers in many mature economies are working to increase investment and net exports, hoping to sustain growth and employment at a time when domestic consumption looks to remain weak. They are focusing on manufacturing in particular, amid a perception that these countries are losing ground to emerging markets. But efforts to stimulate manufacturing and exports may raise the risk of protectionism. It's important for the debate on trade and its impact to be rooted in facts. With this point in mind, a report from the McKinsey Global Institute (MGI) - Trading myths: Addressing misconceptions about trade, jobs, and competitiveness - analyzes the performance of the mature economies' tradable sectors."--Extracted from MGI website on 22 May 2012.
Trade and Employment by Marion Jansen,Ralf Peters,Salazar Xirinachs Salazar X.,José Manuel Salazar-Xirinachs Pdf
An International Labor Office and European Commission publication Although the effect of trade on employment is a popular point of economic debate, there are very few factual assessments available. This book examines the most recent evidence and provides guidance for the design of tools to assess more accurately the employment impacts of trade. Trade and Employment argues for strengthening the micro-foundations of models used to evaluate the employment effects of trade and for including the informal economy and adjustment processes in modeling efforts. It emphasizes the role of governments in helping firms survive or grow, in providing social protection to protect against external shocks, in addressing gender equity, and in building physical infrastructure and human skills bases that facilitate export diversification. It is a valuable resource for all those interested in the debate on the employment effects of trade: workers and employers, academics and policymakers, and trade and labor specialists.
This book is about how multinationals affect trade balances. Five trade myths are exploded: 1. imports kill jobs; 2. exchange rates drive trade; 3. trade balances are a purely national matter; 4. (national) trade deficits mean that one is living beyond ones means, and 5. foreigners finance America. These commonly-held concepts of trade balances are based on 15th-century accounting techniques, which vote-hungry, sophistic politicians have latched on to. The result has been two senseless world wars. Working closely with Americas Bureau of Economic Analysis, this book transports trade balance accounting into the 21st century by introducing global trade balances. These are meant to replace those dangerously popular national trade balances based on 15th century Italian Renaissance accounting techniques. Such anachronistic national trade balances lead to protectionism, while global trade balances lead to ever-more open trade borders. This book is relevant for three reasons. First, trade balances are moved in to the 21st century, giving the reader a truly globalized view of trade flows. Secondly, this book is designed to contribute to anti-protectionist rhetoric: global trade balances call for more, not for less inter-national trade. Thirdly, this book provides ammunition against host country protectionism: irked by protectionist trade rhetoric, host countries increasingly are injuring foreign multinationals operating in their country. A glance at recent news emanating from China illustrates this insidious development.
Trade Myths by Enzio Von Pfeil,Enzio von Pfeil Pdf
In plain English, this book debunks simplistic notions of what drives trade. As if exchange rates really matter. As if imports kill jobs. As if a trade deficit is a "bad" thing. Instead, the author argues that it America's successful Multinational Corporations (MNCs) that create her deficit - re replacing exports from America with production overseas.
In this book Australian economist, Graham Dunkley, explains and critiques the crucial concept of free trade. A policy of free trade is central to today's world-dominating globalization project. The more euphoric globalists uncritically assume that it has universal and unequivocal benefits for all people and countries. And the perpetual negotiations of the World Trade Organization are wholly based on this presumption. Graham Dunkley shows, however, that leading economists have always been more sceptical about free trade doctrine than the dogmatic globalizers realize. There are more holes in free trade theory than its advocates grasp. And the benefits of free trade in practice are more limited and contingent than they acknowledge. He also argues that the World Bank's long-time push for export-led development is misguided. A more democratic world trading order is necessary and possible. And more interventionist, self-reliant trade policies are feasible, especially if a more holistic view of economic development goals is adopted.
Trade Myths by Enzio Von Pfeil,Graf Enzio Pfeil Pdf
Myth 1: Imports kill jobs; Myth 2: Exchange rates drive trade; Myth 3: A trade balance is a national matter; Myth 4: A trade "deficit" is "bad: Myth 5: Foreigners finance America's trade deficit -- These commonly held concepts of trade balances are based on 15th-century accounting techniques. Politicians misled by these outdated ideas have made cheap, vote-grabbing protectionist policies that reduce to "saving jobs by fighting unfair imports." One result of such sophistry has been two senseless world wars. The paradigm has to move in to the 21st century: a first step is to include multinational corporations' incredibly successful overseas activities when calculating trade balances. Enzio von Pfeil invented this approach in 1987 and has been applying it publicly in his research and in the press since. His key message is that if politicians keep using simplistic protectionist policies, they are courting retaliation in the countries where they operate, thereby nurturing terrorism as well as threatening the very existence of their own corporations operating abroad. If such politicians are threatening these multinationals' overseas operations -- why are these companies financing the campaigns of these politicians? Born in Namibia and raised in America, Germany and England, Enzio von Pfeil studied under Friedich von Hayek and got his Ph.D. in economics, then worked for the world's three leading banks of their day. Formerly chief regional economist for leading London-based investment banks in Hong Kong, von Pfeil is now an independent investment adviser and a regular contributor to Bloomberg Television UK, Bloomberg Television Deutschland, and to CNBC Asia. His investment advice is constantlyupdated at www.EconomicClock.com.
Although there is often opposition to individual wars, most people continue to believe that the arms industry is necessary in some form: to safeguard our security, provide jobs and stimulate the economy. Not only conservatives, but many progressives and liberals, support it for these reasons. Indefensible puts forward a devastating challenge to this conventional wisdom, which has normalised the existence of the most savage weapons of mass destruction ever known. It is the essential handbook for those who want to debunk the arguments of the industry and its supporters: deploying case studies, statistics and irrefutable evidence to demonstrate they are fundamentally flawed, both factually and logically. Far from protecting us, the book shows how the arms trade undermines our security by fanning the flames of war, terrorism and global instability. In countering these myths, the book points to ways in which we can combat the arms trade’s malignant influence, reclaim our democracies and reshape our economies.
A generation ago, most people did not know how ubiquitous and grave human trafficking was. Now many people agree that the $35.7 billion business is an appalling violation of human rights. But when confronted with prostitution, many people experience an odd disconnect because prostitution is shrouded in myths, among them the claims that ôprostitution is inevitable,ö and ôprostitution is a job or service like any other.ö In Not a Choice, Not a Job, Janice Raymond challenges both the myths and their perpetrators. Raymond demonstrates that prostitution is not sex but sexual exploitation, and that legalizing and decriminalizing the system of prostitutionùas opposed to the prostituted womenùpromotes sex trafficking, expands the sex industry, and invites organized crime. Specifically, Raymond exposes how legalized prostitution in the Netherlands, Germany, Australia, and Nevada worsens crime and endangers women. In contrast, she reveals, when governments work to prevent the demand for prostitution by prosecuting pimps, brothels, and prostitution usersùas in Norway, Sweden, and Icelandùtrafficking does not increase, women are better protected, and fewer men buy sex. Raymond expands the boundaries of scholarship in womenÆs studies, making this book indispensable to human rights advocates around the world.
Politicians use trade balances measured using an approach created during Leonardo da Vinci's life. Enzio von Pfeil unmasks this dangerous anachronism and the myths that it spawns to justify protectionism. Using a state-of-the-art approach, he calculates America's huge global trade surplus - and warns against a new, dangerous form of protectionism directed at the overseas operations of American multinational corporations (MNCs), large and small. He wonders why these MNCs are financing the campaigns of some of the very politicians who are threatening their overseas operations.
Has the greenback really lost its preeminent place in the world? Not according to currency expert Marc Chandler, who explains why so many are—wrongly—pessimistic about both the dollar and the U.S. economy. Making Sense of the Dollar explores the many factors—trade deficits, the dollar’s role in the world, globalization, capitalism, and more—that affect the dollar and the U.S. economy and lead to the inescapable conclusion that both are much stronger than many people suppose. Marc Chandler has been covering the global capital markets for twenty years as a foreign exchange strategist for several Wall Street firms. He is one of the most widely respected and quoted currency experts today.
Globalization and the Myths of Free Trade by Anwar Shaikh Pdf
The world has become a human laboratory for the momentous social experiment called neoliberalism. Its proclaimed purpose is to reduce global poverty, its protocols are derived from the orthodox theory of competitive free markets and its policies are enforced by the full weight of the rich countries and global institutions such as the World Trade Organization (WTO), the World Bank and the International Monetary Fund (IMF). This book is a critical examination of this ongoing enterprise, of its history, theory, practice, and most of all, of its outcomes. An international team of contributors has been assembled including Lance Taylor, Ha-Joon Chang and Ajit Singh.
Author : Paul Bairoch Publisher : University of Chicago Press Page : 200 pages File Size : 55,8 Mb Release : 1995-09 Category : Business & Economics ISBN : 9780226034638
Paul Bairoch deflates twenty commonly held myths about economic history. Among these myths are that free trade and population growth have historically led to periods of economic growth, and that colonial powers in the nineteenth and early twentieth centuries became rich through the exploitation of the Third World. Bairoch shows that these beliefs are based on insufficient knowledge and wrong interpretations of the history of economies of the United States, Europe, and the Third World, and he re-examines the facts to set the record straight. Bairoch argues that until the early 1960s, the history of international trade of the developed countries was almost entirely one of protectionism rather than a "Golden Era" of free trade, and he reveals that, in fact, past periods of economic growth in the Western World correlated strongly with protectionist policy. He also demonstrates that developed countries did not exploit the Third World for raw materials during the nineteenth and early twentieth centuries, as some economists and many politicians have held. Among the many other myths that Bairoch debunks are beliefs about whether colonization triggered the Industrial Revolution, the effects of the economic development of the West on the Third World, and beliefs about the 1929 crash and the Great Depression. Bairoch's lucid prose makes the book equally accessible to economists of every stripe, as well as to historians, political scientists, and other social scientists.
