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”: |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 […]