favours openness to trade at an early stage of development, while an autocrat complying with the preferences of capitalists … chooses to shelter the economy from trade. The trade regime interacts with economic institutions, and with policies on capital … economy attractive to foreign investors. Allowing for trade and foreign capital inflows are thus complementary policies that …

commodities are nondescript: potato chips are no worse than computer chips when it comes to trade and growth …

Keynesian era second globalization were driven by gains from trade, and those gains increased industrialized country real wages …. Trade theory does not explain the third globalization; capital's share has increased at the expense of labor's; and there …

While the renegotiation of the North American Free Trade Agreement has received far more attention, a lesser-known U ….S. trade deal has also been reworked. In April of 2017, President Trump proclaimed his displeasure with the Korea-U.S. Free … Trade Agreement (commonly referred to as “KORUS”), stating, “It was a Hillary Clinton disaster, a deal that should’ve never …

trade rests upon errors, or, if you prefer, upon half-truths.”1 Ever since Adam Smith successfully replaced mercantilist … orthodoxy with free trade doctrine in his celebrated book The Wealth of Nations, free trade critics have repeatedly challenged … the doctrine, offering half-truths to bolster their case. In each instance, free trade advocates have successfully exposed …