Föhrenbergkreis Finanzwirtschaft

Unkonventionelle Lösungen für eine zukunftsfähige Gesellschaft

Posts Tagged ‘TPP’

Trump’s Backward March on Trade

Posted by hkarner - 21. Januar 2020

Anne O. Krueger, a former World Bank chief economist and former first deputy managing director of the International Monetary Fund, is Senior Research Professor of International Economics at the School of Advanced International Studies, Johns Hopkins University, and Senior Fellow at the Center for International Development, Stanford University.

After three years of the Trump administration, the economic costs of „America First“ are continuing to mount, with global trade and GDP growth slowing and investment in decline. Ironically, the biggest loser has been America.

WASHINGTON, DC – Following America’s disastrous 1930 Smoot-Hawley Tariff Act, the subsequent international trade war, and eventually World War II, the United States went on to lead the world toward a more open multilateral trading system. In 1947, the international community adopted the General Agreement on Tariffs and Trade, which would later become the World Trade Organization. Under this international body, trade was bound to the rule of law and the principle of non-discrimination among trading partners.

The system has been a huge success. Over the past seven decades, world trade has grown almost twice as fast as real output. And owing to US leadership, there have been ongoing multilateral negotiations to lower tariffs, remove other barriers (such as quantitative import restrictions), and facilitate trade expansion.But in 2017, US President Donald Trump’s new administration abandoned America’s longstanding commitment to the open multilateral trading system, opting instead for a power-based approach to international economic relations. Den Rest des Beitrags lesen »

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Ökonom über Trump: „US-Amerikaner wollen keine Nüsse pflücken“

Posted by hkarner - 21. März 2017

András Szigetvari21. März 2017, 13:00 derstandard.at

Kritik am Freihandel wächst. Ein Megadeal im Pazifik scheiterte an Trumps Widerstand. Verlierer sind laut Vu Thanh ärmere Länder

Als eine seiner ersten Amtshandlungen unterzeichnete US-Präsident Donald Trump ein Dekret zum Ausstieg seines Landes aus dem transpazifischen Freihandelsabkommen TPP. Zwölf Staaten, darunter die USA, Australien und Japan, aber auch ärmere Länder wie Vietnam und Malaysia, hatten sich auf TPP geeinigt. Trump bezeichnete den von Barack Obama mitinitiierten Pakt als „Vergewaltigung“ von US-Interessen. Verlierer sind laut dem Ökonomen Vu Thanh Tu Anh die ärmeren Länder.

STANDARD: Was bedeutet der Rückzug der USA aus TPP für Vietnam.

Vu Thanh: Die Entscheidung hat Unzufriedenheit ausgelöst. Vietnam hatte sich viel erwartet.

STANDARD: Was genau? Den Rest des Beitrags lesen »

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Trump, Trade, and the Middle Powers

Posted by hkarner - 17. März 2017

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Trump’s Gift to China

Posted by hkarner - 10. März 2017

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Why Trump Can’t Bully China

Posted by hkarner - 10. Februar 2017

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Republicans Now Marching With Trump on Ideas They Had Opposed

Posted by hkarner - 28. Januar 2017

By JAN. 26, 2017, NYT

PHILADELPHIA — From the time Donald J. Trump became their candidate until he took the oath of office, congressional Republicans treated his policy pronouncements — largely out of step with Republican dogma — as essentially a distraction. He would talk. They would drive the policies.

trump-tweety-birdBut now, the question of whether congressional Republicans would change President Trump or Mr. Trump would change them has an early answer. Mr. Trump cheerfully addressed the group here at their policy retreat on Thursday, and they responded with applause to many proposals they have long opposed.

Republican lawmakers appear more than ready to open up the coffers for a $12 billion to $15 billion border wall, perhaps without the commensurate spending cuts that they demanded when it came to disaster aid, money to fight the Zika virus or funds for the tainted water system in Flint, Mich. They also seem to back a swelling of the federal payroll that Mr. Trump has called for in the form of a larger military and 5,000 more border patrol agents.

They have stayed oddly silent as Mr. Trump and Senate Democrats push a $1 trillion infrastructure plan, larger than one they rejected from President Barack Obama. Once fierce promoters of the separation of powers, Republicans are now embracing Mr. Trump’s early governing by executive order, something they loudly decried during Mr. Obama’s second term. Den Rest des Beitrags lesen »

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Globalization’s Last Gasp

Posted by hkarner - 18. November 2016


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Rethinking Robin Hood and Taming Swarms

Posted by hkarner - 11. August 2016

Modern economic insights

08 August 2016, Marcel Creemers, Red Queen Economics

This analysis is becoming quite common. Many economists think that western governments should do something to compensate the losers in the process of globalization, for instance by offering them free education and health care. In a more recent response to Angus Deaton, Joseph Stiglitz suggests that the rules of the game need to be changed – “and this must include measures to tame globalization. The two new large agreements that President Barack Obama has been pushing – the Trans-Pacific Partnership between the US and 11 Pacific Rim countries, and the Transatlantic Trade and Investment Partnership between the EU and the US – are moves in the wrong direction.” Den Rest des Beitrags lesen »

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The Presidential Candidates Get Globalization All Wrong

Posted by hkarner - 20. Juli 2016

Date: 19-07-2016
Source: The Washington Post

Globalization has become the scapegoat for inequality, poor jobs, reduced wages and other economic problems – real and perceived – during the US presidential election. “What’s lost in the obsession with globalization is the fact that the American economy is driven mainly by domestic factors,” writes Robert Samuelson in a column for the Washington Post, adding that about 75 percent of the US economy is domestic whereas other countries have higher trade dependence. The subprime crisis of 2007 that triggered global recession was a domestic challenge for the country. A strong US dollar and not trade agreements are a reason for trade deficits. US politicians should focus on encouraging corporate investment, business start-ups, productivity and reducing government debt. – YaleGlobal

70 percent of US economy is based on domestic factors; government debt, slowed corporate investment – not globalization – contribute to economic woes

Robert J. Samuelson is a columnist for the Washington Post.Samuelson

Can we get globalization right? It has emerged as an all-purpose scapegoat for our economic woes — lost jobs, depressed wages, large trade deficits, greater income inequality, anxieties about the future. The reality is otherwise: Although globalization is genuine, it has been distorted and its ills exaggerated. I have written about this before, but because the issue is so central to the campaign debate, it’s worth revisiting.

There can be no doubt that globalization has been cast as an economic villain. Donald Trump recently gave a major address on the economy. It was almost exclusively devoted to the alleged evils of globalization. Here’s a sample: Den Rest des Beitrags lesen »

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