As ever, local capital and labor will be the biggest loosers from unwarranted AU rebuff to CHN investors::ft.com/intl/cms/s/0/d…
There’s a comic-book summary! But this is a detailed report w/ many sensible recommendations for proportionate IP twitter.com/ozprodcom/stat…
kim_weatherall Draft Report on IP Arrangements: @ozprodcom considers Australia’s IP settings are contrary to Australia’s national interests and need reform
kim_weatherall …@ozprodcom also proposes allowing circumvention of geoblocks; allowing parallel importation; taking steps to reduce TM cluttering…
kim_weatherall @ozprodcom draft backs many existing recommendations: adopt (c) fair use; abolish innovation patents; tailor patent term extensions…
I wish I could explain the gains from trade as clearly as Frank Wilczek explains quantum entanglement::quantamagazine.org/20160428-entan…
Exactly! @AlanKohler rewrites Turnbull’s script & gets it right:”The submarine announcement we should have [had]”::theaustralian.com.au/business/opini…
V. nice article by @dikenson on duty suspensions (‘by-laws’ in AU). Argues for zero duties on intermediate goods. twitter.com/snlester/statu…
Of course quoted $7bn added cost for local mfg. of submarines will prove a tiny fraction of acutal overrun. Historical record unambiguous.
It took AU govts 50 years to admit subsidies for car mfg. had not created jobs, industries. Just 2 years on, Turnbull reverts to subsidies.
Turnbull’s foolish, doomed subs-socialism:”Our plan to ensure economic & national security for generations to come”::theaustralian.com.au/opinion/submar…
Protectionist folly: Turnbull adds $7bn to $50bn ‘sticker’ price, delays & threatens quality of submarines::theaustralian.com.au/national-affai…
Relax! The world’s most productive econ. can eat its cake & have quite a bit of ours too (& everyone’s happy!) twitter.com/scottlincicome…
Have long been a big fan, teacher of @ITC_MktAnalysis TradeMap & MacMap. The go-to web-tools for trade data (now with added vitamins!)
More great stuff from TradeMap twitter.com/ITC_MktAnalysi…
Glorious sunny Sunday morning in Autumn in Melbourne. Bach never (well, hardly ever) fails::allofbach.com/en/bwv/bwv-29/ pic.twitter.com/cmPwXVftfi
Hah! Love it! “Keep Pork Pie British! #Stay in EU” Let’s get some bumper stickers. twitter.com/sdonnan/status…
@sdonnan EU also carries a lot of baggage into a negotiation that UK may not need. Irrelevant ‘red lines’ that make a deal with EU hard.
Focus of #Brexit trade eval shd.be: how much do transact. costs rise if UK ‘adjacent’, not ‘in’ EU? More/less cost than EU trade policies?
@sdonnan In small-large FTAs the small econ probably does better (scale-gains). But neg ‘leverage’ the wrong focus for #Brexit trade eval.
Me too. If either USA or CHN enacted an “us vs them” trade policy they’d get so much less than they bargained for. twitter.com/snlester/statu…
@alanbeattie Yep. A century of bans. Disgraceful rubbish. No evidence just rural socialism (like Canada-Potatoes). Rescinded 10(?) yrs ago.
@alanbeattie Pomm(i)es you mean? I’m not a fan of biosecurity controls. Like A-D duties they take little/no acct. of consumer costs.
@alanbeattie ‘Fraid it’s not possible. Sparrers a prohibited import. Also no laissez-passers for pirates unless, you know, Kiera Knightley.
(2/2) Because if UK #stays it must bear continuing econ. costs of same EU barriers it wd. face/negotiate after #brexit & more (cognac?)
Need to know more about the counterfactual case in these pessimistic #brexit trade models (1/2):: voxeu.org/article/econom…
“Socialist realism” from the days when Centre Wm Rappard was ILO HQ::twitter.com/JGodiasMurphy/…
@AllieRenison @LHSummers @dikenson Harmonisation of regs. can cut trade costs. Good. But, the program verges on ‘elitist’ integration. Bad.
Trade gains are due to int’l differences (endowment, tech, ideas). ‘Harmonisation’ rules (@LHSummers) nuts or worse::ft.com/intl/cms/s/2/5…
@Snowden campaigns against those who take advantage of limits on territorial reach of govt. No sense of irony?
Fantastic! twitter.com/SpaceX/status/…
UK GDP=130%*(CAN+CH). Reentry terms to EU mkt will be favourable. Costs of current EU barriers dynamic. Cost (?) of mkt. reentry one-off.
@tgemiles UK econ. pays now for EU extern. barriers they may face as a global competitor. Cost less to tackle relevant bars fm outside.
The #remain trade case is based on loss of free access to protected EU markets. But doesn’t UK already bear the costs of those EU barriers?