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[Delong.typepad.com] Brad DeLong's Semi-Daily Journal: I like George Borjas and Larry Katz, but I do wish that Henderson had written that the large minus eight percent estimate of the effect on the wages of high-school dropouts reported by Borjas and Katz in http://papers.nber.org/papers/w11281 is imprecisely estimated: their data are fuzzy, and give an approximately one-sixth chance that the effect on high-school dropouts is positive. I like David Card, and do wish that Henderson had quoted enough to allow us to see why Card thinks the effects are small.

[Acsalaska.net] Ben Muse: Unless these supply side constraints are actually addressed the liberalization of markets in agricultural products is going to benefit a certain number of countries and certainly not the majority of people who we think are going to benefit from that liberalisation...He can see very easily in the case of poultry some large developing countries killing the poultry industry in many parts of Africa."While small developing countries may need help with supply constraints, he says in his Chamber speech that, "...it is not WTO's role to address supply side constraints." The WTO does have a "duty to raise awareness of the problem..." and it is "imperative" to encourage meetings between the heads of WTO, the World Bank (WB), and the IMF, to encourage "collaboration" and program coherence. In the NGO session described above, he went on to discuss the role of the WTO, and that of other multilateral organizations, in addressing these supply constraints.

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