Fascinating re-analysis by @jtrothwell showing (CHN) imports no more disruptive than local competition in US::papers.ssrn.com/sol3/papers2.c…
jtrothwell I’m a big fan of Autor, Hanson, & Dorn, but I conclude that their famous AER paper on trade has some serious flaws papers.ssrn.com/sol3/papers2.c…
Then WTO Dispute Settlement, multilateralism’s jewel, begins & often ends bilaterally, too. US a ready litigant, tardy complier. Future dim?
#TPP, too, a series of US bilaterals with other 11. Also: NAFTA, CAFTA. Hub and spokes has been default mode of US agreements since 1930s.
The multi/bi-lateral difference never that big in practice. In GATT/WTO (incl accession) US cut bilat schedule deals:washingtonpost.com/news/wonk/wp/2…
@insteconomics … that no theory of preference assortment between the three was possible, so he had no idea why audience was the size it was?
@OldPaddler Sure; but pointless. Are they going to ban deep-fried taro? Home-grown pork fat? Home grown beer? Pretty common in Sth Pac.
OldPaddler As Obesity Rises, Remote Pacific Islands Plan to Abandon Junk Food. Ban would likely be legal under GATT article XX. nytimes.com/2017/02/19/wor…
The IMF’s description of AU fiscal management: “mediocre”. Agree with this commentary. Ungated version here::..twitter.com/i/web/status/8…3L
… Or is it only “Empire Strikes Back” nostalgia. The 1932 Ottowa Accord reinvented for the Age of Trumpen.m.wikipedia.org/wiki/British_E…Ow
Delivered a prelim study of a CAN-AU FTA in 2010. Potential servcs, FDI wins (UK++?). But is it a natural ‘region’?::business.financialpost.com/fp-comment/in-…
Enrichment that GDP doesn’t count - The Met released its collection to open access::metmuseum.org/blogs/digital-… pic.twitter.com/X8GVk6NdVj
@samirvarma the plenum/vacuum of space :-)
A seething sea of polarizing vacuity (great quote fm Heisenberg, btw) twitter.com/samirvarma/sta…
Greed is good but algorithms are better. Goldman Sachs NY had 600 traders, now has 2::technologyreview.com/s/603431/as-go…
@samirvarma Good for them! Bet the poorest families are doing much better, too.
samirvarma The richest families in Florence in 1427 are still the richest families in Florence qz.com/694340/the-ric…
G Hufbauer: delays will limit WTO complaints on BTA. Still, CHN may have the patience & CVD ‘alternative’ is noxious:piie.com/system/files/d…
If the relevant ROO for “border-tax adjustment” is “crosses the customs barrier”, predict innovators will substitute services for goods.
If USA adopted a “tax adjustmnet” that differentially taxed import transactions, what Rule of Origin would it apply to identify an “import”?
Could USA defend (under Art III) a tax designed to prejudice the value of import transactions?::worldtradelaw.typepad.com/ielpblog/2017/…
@Fourmilab Avensa.com has Jules Verne complete @ €1.79 Kindle dict. good, Antidote Ardoise (iPad) in split screen *mirifique*.
Devotee of (EUR) Rugby & the Six Nations’ Cup? Me neither. But this *bande dessinée* on rugby history is… *génial*lemonde.fr/rugby/visuel/2…Xj
Here is @iccwbo’s Commercial Crime Service ‘Live Piracy Map’::icc-ccs.org/index.php/pira…
Extraordinary map of world cargo shipping shows why Straits of Malacca→Borneo remains the epicenter of piracy::fee.org/articles/an-aw…
… and the past of the universetwitter.com/samirvarma/sta…Bq
OldPaddler Trump hasn’t glommed onto the fact that TPP was a renegotiation of NAFTA. Free exchange: Better than a wall
economist.com/news/finance-a…
Reducing AU’s teetering federal fiscal imbalance one step to improving housing market (and other state srvcs)::theaustralian.com.au/opinion/column…
Friends matter, even for sovereigns. CHN cannot be a leading power with no real allies & heavy-handed data curbs::wsj.com/articles/mark-…
On Australia Day, last week, I gave a talk at a local club based on this brief paper “Too Content to Change?”::dl.dropboxusercontent.com/u/5517445/Aust…
insteconomics The contribution of land prices to national house price growth is 90% for Australia pubs.aeaweb.org/doi/pdfplus/10…
#OffPiste Peak Apple II coming up. Making a motza on phones, but focus only on next Qtr: developers, fans pissed by s’ware, h’ware slippage.
Certainly. Remember “lemons” from the 70′s, 80′? Today there are no *bad* cars. Why? Int’l trade competition. Hoora..twitter.com/i/web/status/8…Q6
“Radical uncertainty at the heart of the capitalist discovery process has lessons for [regulators]”@ATabarrok::wsj.com/articles/how-u…
SincDavidson MNC company tax avoidance propaganda exposed econjwatch.org/articles/stop-…