Monthly Archives: August 2004

Tugging the old leash

J Howard launch­es his cam­paign lay­ing on with a trow­el his “warning”:,5744,10606700%255E12377,00.html that a Labor vic­to­ry will bring high­er inter­est rates and that only the con­ser­v­a­tives can be ‘trust­ed’ to keep them low. Is this attempt to take cred­it for *the one eco­nom­ic variable*—interest rates—that *he and his Min­is­ters do not con­trol* _misleading_? Prob­a­bly not […]

Experiment: analysing WTO disputes

Since writ­ing a “book for WTO”: on their *Dis­putes Set­tle­ment sys­tem* a cou­ple of years ago I have found that even expe­ri­enced ana­lysts some­times have trou­ble fig­ur­ing out the key ele­ments of dis­putes deci­sions. So I’m exper­i­ment­ing with the use of “argu­ment maps”: as means of _teasing out_ the rec­om­men­da­tions of the Pan­el and the […]

Food production rises in China

Hard on the heels of sto­ries about a grow­ing “food trade deficit”: comes this (from _official_ sources) bq. China’s sum­mer grain and ear­ly rice out­put this year have post­ed a first-ever increase after declin­ing for the past sev­er­al con­sec­u­tive years, said Vice Pre­mier Hui Liangyu Thurs­day. (“Chi­na Daily”:–08/26/content_369210.htm) |*China’s Grain Pro­duc­tion*||||| | |1991|1995|2001|2002| |_Production_|   |_Million tons_|   |   | | […]

Moral panic” in capital markets

Stephen Kirch­n­er makes a strong case for learn­ing to stop wor­ry­ing and love glob­al liq­uid­i­ty (nice job if you can get it…) bq. The notion that domes­tic demand should be con­strained by domes­tic pro­duc­tion is increas­ing­ly anachro­nis­tic in a glob­alised world. While many peo­ple grasp the wel­­fare-enhanc­ing nature of trade in goods and ser­vices, it […]

A Kerry presidency bad for trade?

Two for­mer mem­bers of VP Cheney’s staff, writ­ing in the Finan­cial Times look pret­ty hard for evi­dence of his trade pol­i­cy in the Ker­ry cam­paign. They con­clude that there’s rea­son to wor­ry. bq. Mr Ker­ry has said US allies in Europe and else­where will wel­come his elec­tion. It might be a good time forthose allies […]

Reviving the APEC agenda

There’s a grow­ing vol­ume of demand for a ratio­nal­i­sa­tion of the bilat­er­al trade strate­gies being pur­sued by gov­ern­ments all around the Pacif­ic basin. I’ve “argued”: that Aus­tralia has both the tech­nol­o­gy and con­nec­tions to begin to build a bet­ter approach, per­haps tak­ing advan­tage of the exist­ing APEC frameworks—although *not* the failed APEC agen­da of uni­lat­er­al […]

China’s food imports in perspective

The only ‘cri­sis’ in China’s high­er grains import num­bers, wide­ly report­ed today, is in the minds of the media. The growth in imports is small and no cause for con­cern from a food secu­ri­ty per­spec­tive; it’s part of a long-term trend toward a high­er vol­ume of food imports that will be need­ed as Chin­abecomes a […]