International+Trade+articles

International+Trade+articles - politicians use arguments...

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2 Economics of Progress Written by columnist George F. Will Discusses comments made by prominent politicians regarding international trade (specifically outsourcing) He uses the example of IBM sending 3,000 jobs overseas but also creating 4,500 new jobs in the USA. Indiana Governor cancelled a $15 million contract with an outsourcing firm and instead awarded a $23 million contract to a U.S. firm.
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3 Trouble with Trade Written by economist Paul Krugman Discusses the effects of trade on income distribution He argues that since the US is trading with countries with very cheap labor, US unskilled workers are adversely affected. (e.g. lower wages for some US workers) Still against protectionism, however, claims that
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Unformatted text preview: politicians use arguments against free trade b/c that help them attract votes 4 Should the Winners Compensate the Losers Written by economist Steven Landsburg Whether the winners should compensate the losers from international trade e.g. through taxpayers subsidized retraining programs. His answer: no, since everyone is enjoying the upside too. If you can buy your medicine cheaper online, should you compensate your regular local pharmacy? 5 Bilateral Trade Deficit with a Babysitter Written by Tim Harford His family hired a babysitter so that his wife has focus on her photography business Politicians and experts would consider that economic suicide....
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