EconWatch.com > January 31, 2007

Make Trade Fair

[The Fire Pit] I first heard about MTF thanks to Chris Martin, the lead singer of Coldplay. We went to a Coldplay concert back in July (in Japan) and there were several booths set up for both Oxfam and Amnesty International.

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Hal Varian's Answer to Larry Summers

[Economist's View] I'll grant that taken to extreme, this winds up with us becoming a colonial client under merchantilist philosophy, but as I've noted in the past, over half the country is already a colonial client under a merchantilist philosophy; it's just that the colonial power is a moneyed class within the U.S. rather than one outside of it.

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Posted at 06:16 AM

January 31, 2007

Make Trade Fair

[The Fire Pit] I first heard about MTF thanks to Chris Martin, the lead singer of Coldplay. We went to a Coldplay concert back in July (in Japan) and there were several booths set up for both Oxfam and Amnesty International.

Read related posts for „Make Trade Fair“.

Posted at 06:16 AM

Hal Varian's Answer to Larry Summers

[Economist's View] I'll grant that taken to extreme, this winds up with us becoming a colonial client under merchantilist philosophy, but as I've noted in the past, over half the country is already a colonial client under a merchantilist philosophy; it's just that the colonial power is a moneyed class within the U.S. rather than one outside of it.

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Posted at 06:16 AM

January 29, 2007

A Smaller Share of Larger World Markets

[Economist's View] Daniel Gross says that as the rest of the world develops we shouldn't be surprised - or alarmed - that the U.S. is losing market share in financial services and other industries. Because it's a natural consequence of global development, there is no need to relax the regulation of financial markets to preserve competitiveness as some are advocating: The U.S. Is Losing Market Share.

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Posted at 05:57 AM

Inside the WEF's Davos 2007

http://cafzal.blogspot.com [In Perspective] The likes of Tony Blair, Bono, John McCain, and Angela Merkel are all in attendance at the WEF meeting, among non-Western dignitaries such as the Chinese economic minister in addition to Brazil’s re-elected President ”˜Lula’ de Silva. I find it amazing how many blogs are talking about Davos, and how many of them are newsblogs not run by individuals, but by news organizations like the BBC, CNN Money, The Economist, Guardian Unlimited, and the International Herald Tribune (with the NYT).

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Posted at 05:56 AM

January 27, 2007

Global Trade Organization Wants EA Members to Commit to Single Customs System

[International trade]   An Ugandan official recently said that the WTO (World Trade Organization) wanted the members of the East African Community to come up with a single...

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Posted at 05:57 AM

Brazil's Lula Calls for Concessions in Doha Round

http://www.huliq.com [Huliq: Breaking News] Brazil's Lula Calls for Concessions in Doha Round At the World Economic Forum Annual Meeting 2007 in Davos, President Luiz Inacio Lula da Silva of...

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Posted at 05:56 AM

January 25, 2007

Off to Chennai, India

http://leeiwan.wordpress.com [ Lee Iwan, Accumulated Experience] Russia, China, India, Taiwan, Philippines, South Africa, France, Germany, Switzerland, Italy, Holland, Turkey, Uruguay, Argentina, Brazil, Guatemala, Honduras, El Salvador, Panama, Colombia, Venezuela, Peru, Chile, Canada, USA, Mexico, Martinique, Barbados, Aruba, American Virgin Islands, Grenados, British Virgin Islands....and the list keeps on growing.

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Posted at 05:56 AM

Why Globalization is Opposed

[Economist's View] Deepak Lal of UCLA gives his theory of why globalization is opposed by the cultural nationalists in the third world and the New Dirigistes in the West: Why globalising capitalism is hated, by Deepak Lal, Commentary, Financial Times (free): Globalising capitalism is opposed by two major groups - the cultural nationalists in the third world, who fear the westernisation it may bring and the New Dirigistes, proponents of the “third way’” in the West who bear the ancient hatred of capitalism on their sleeves. Why this continuing hatred of, and guilt about, a system which promises unprecedented global prosperity?

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Posted at 05:52 AM

January 23, 2007

PLEXCommâ™ DIS voice communications software a success at I/ITSEC 2006

[US PRchive® National Press Releases] Camas, WA - January 22nd 2007 - (PRNN®) - Both military and civilian customers alike found a better alternative to meet their DIS (Distributed Interactive Simulation) communication needs when they saw a demonstration of PLEXCommâ™ voice simulation software at I/ITSEC 2006. Both the current features and pricing of PLEXCommâ™ were found to be improvements over the competition.

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Posted at 05:56 AM

Global Imbalances

[Grasping Reality with Both Hands: Brad DeLong's Semi-Daily Journal] The regional course of trade deficits and surpluses: 1997-2005. Source: IMF, via Global Economy Matters: Structural Drivers of Global Macroeconomic Imbalances...

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Posted at 05:55 AM

January 21, 2007

Actions - January 19, 2007.

http://www.thegoodthebadandthegreen.com [The Good, The Bad, and The Green] Help save the jobs of workers in California affected by the freezing crop losses.

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Posted at 05:52 AM

Helping Displaced Workers

[Economist's View] One final point, there is no need to distinguish between workers displaced by technology and those displaced by globalization when talking about which workers deserve help. But both are a form of structural change and cause workers to be hurt for reasons that have nothing to do with their own abilities and effort, they are just unlucky enough to be employed in the wrong industry, and wage insurance and other programs should apply in either case.

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Posted at 05:51 AM

January 19, 2007

Handout: Comparative Advantage; Micro Trade Market Failures

[Grasping Reality with Both Hands: Brad DeLong's Semi-Daily Journal] Handout: Comparative Advantage; Micro Trade Market Failures J. Bradford DeLong U.C. Berkeley January 16, 2006 Comparative Advantage Take a look at...

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Posted at 05:58 AM

Handouts for Guest Lectures in Marcia Clark's Course: Trade and California

[Grasping Reality with Both Hands: Brad DeLong's Semi-Daily Journal] Marcia Clark's Journalism-School Class: Introduction to Trade http://delong.typepad.com/teaching_sprin Handouts for January 18, 2007: Comparative...

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Posted at 05:57 AM

January 17, 2007

Keynes: Wage Flexibility and Full Employment

[Grasping Reality with Both Hands: Brad DeLong's Semi-Daily Journal] From Chapter 19: Changes in Money-Wages: Thus the reduction in money-wages will have no lasting tendency to increase employment except by virtue of its repercussions either on the propensity to consume for the community as a whole, or on the schedule of marginal efficiencies of capital, or on the rate of interest. There is no method of analysing the effect of a reduction in money-wages, except by following up its possible effects on these three factors.

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Posted at 05:57 AM

China and the Trade Deficit

[Economist's View] Greg Mankiw's Blog: Spence on the Trade Deficit: Economist Michael Spence (erstwhile Harvard prof) has a nice piece on the U.S. trade deficit and the Chinese exchange rate in today's Wall Street Journal. His bottom line:it would be useful if we stopped pretending or alleging that China's exchange-rate policies are the root cause of our trade deficit.

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Posted at 05:56 AM

January 15, 2007

Merkel's Blitzvisit and the Harmonization of Technical Standards

http://atlanticreview.org [Atlantic Review - Analysis of Transatlantic Relations and U.S. Foreign Policy] Christoph von Marschall explains in Der Tagesspiegel (in German) that Merkel is not proposing an ambitious Transatlantic Free Trade Area (TAFTA), but common technical standards and patent laws so that European and American companies do not need to please two bureaucracies. This is expected to increase trade.

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Posted at 05:56 AM

The Split over Trade Is Not Confined to Democrats

[Economist's View] As with immigration, Republicans are no less divided on this issue. First, the article about Democrats: The Coming Democratic War on Free Trade, by Steve Chapman, Real Clear Politics: It's an elementary axiom of economics that if Person A sells something to Person B, it's good for each of them.

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Posted at 05:55 AM

January 13, 2007

International Economics at the AEA/ASSA: Selected Items

[Econbrowser] The Allied Social Sciences Association (incorporating the AEA, the Econometric Society, the International Economics and Finance Society and many other groups) meetings took place in Chicago this last weekend. I wasn't able to go to that many sessions, but I did attend a few related to international issues.

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Posted at 05:57 AM

The Trade Deficit May Have Peaked, But the Current-Account Deficit Probably Has Not

[Grasping Reality with Both Hands: Brad DeLong's Semi-Daily Journal] Jim Press, the senior-most American executive at Toyota, said last month that Toyota's North American production ratio is slipping because of a sudden surge of demand in the U.S. for smaller fuel-efficient cars that coincided with a run-up in gasoline prices last year. The NAP ratio slide is "temporary" as Toyota is meeting an unanticipated rise in demand for small cars, which Toyota doesn't produce in North America....

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Posted at 05:55 AM

January 11, 2007

Is the High Rate of Worldwide Economic Growth Sustainable?

[Economist's View] I must agree with Cyrille that the article only focuses on the question of economic sustainability but the real problem is the resource base and demographic constraints. The economic developments may unwind themselves before the physical constraints are really tested, whether by means of protectionism or the reversal of certain imbalances (US debt, global asset prices).

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Posted at 06:14 AM

Alitalia Unions Wary After Meeting Financier

[Your Global Travel News] Alazraki, who heads a British consulting company called Wonders and Dreams, said last Thursday that he was working with 16 investors on a bid for a piece of Alitalia put up for sale by the government, but financing for fleet renewals and debt reduction has yet to be raised.

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Posted at 06:10 AM

January 09, 2007

Justice O’Connor and International Judges

Harvard JD Admissions[Harvard JD Admissions] Here’s her take: “Part of my interest in the conference stemmed from the fact that I live in the law school dorms, and, therefore, am surrounded by dozens of international students. On my floor this year, there are students from Spain, and Korea, and, one flight up, I have friends from Ireland and Nigeria.

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Posted at 06:00 AM

Memorex’s new Zune Cases

http://www.gadgetell.com [ Gadgetell] Memorex has introduced their new series of cases for the Microsoft Zune digital media player: the Memorex Sports Band, the Silicone Sleeve and the Leather Show case. The Memorex Sport Band (right) sports a form-fitting design that safely secures the player for hands-free usage and the active lifestyle.

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Posted at 05:57 AM

January 07, 2007

Another open letter about politics

[ROGER SIZEMORE'S ENORMOUS BLOG] Dear John, During our conversation today about the letter to MoveOn.org, you asked me where I would come down when...

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Posted at 05:55 AM

Bernanke’s Umbrella

[Paper Money - A US Real Estate Bubble Blog] “At the operational level, the Federal Reserve System (including the twelve regional Federal Reserve Banks) works closely with other agencies to examine banking organizations and to ensure that they operate in a safe and sound manner and comply with the relevant laws and regulations. ”¦ I have already mentioned the Fed’s role as the umbrella supervisor, which affords it access to information (as well as direct or back-up examination authority) for all holding-company subsidiaries, nonbank organizations as well as banks.”

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Posted at 05:54 AM

January 05, 2007

Globalization, Wages, and Jumping J-Curves

[Economist's View] "Professor Bhagwati has served as Economic Policy Advisor to the Director-General, GATT (1991-1993), as Special Adviser to the UN on Globalization (2001) and as an External Adviser to the WTO. He also recently served as a member of UN Secretary General Kofi Annan's Advisory Group on the NEPAD process in Africa, and was a member of the Eminent Persons Group, chaired by President Cardoso, on the Future on UNCTAD.

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Posted at 05:57 AM

Jagdish Bhagwati Blames Technology for Wage Stagnation

[Grasping Reality with Both Hands: Brad DeLong's Semi-Daily Journal] I don't think the overall premise about globalization is wrong, but I was much more convinced by the evidence that wage level disparities were the result of political policies concerning labor, that was blogged here last year.

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Posted at 05:56 AM