The below is an off-site archive of all tweets posted by @pwgallagher ever

December 2017

True, AU has not offered $Trillions (& weather ain’t climate). Still, our governments have begun destruction of our… https://t.co/c4liq8CBEN

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“The change is noteworthy, all the more so for having been ­entirely overlooked… Democracies [in 2017] have channel… https://t.co/CU7kn62LOm

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Gen. IV molten-salt reactors may be the last hope for ~inexhaustible, low-cost, low-impact nuclear base-load power.… https://t.co/iiUgDgYJrL

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About those blockchain use cases… https://t.co/1C52p6bcEs

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@tgemiles Hi Tom, most RTAs recapitulate GATT/WTO. It’s the interesing bits that don’t that are candidates for upgr… https://t.co/DgSw3ZPLhN

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Of course, it’s *not* a “trading system”. Governments don’t account for trade any more than they account for econom… https://t.co/cTqwYSB6Re

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Hard question: should plurilaterals exist only where their scale is sufficient to extend benefits on an MFN basis (… https://t.co/GVP25PA5vw

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What about all those Annex 1 agreements of WTO? Merge essential GATS, Govt Procurement (SOE?), TRIPS obligations in… https://t.co/RnpOdLFhxa

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One way forward on system design is to work back from the common parts of successful P&RTAs to a compatible univers… https://t.co/h4N4FsYAy9

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Neither GATT nor WTO eliminated the scourge of anti-dumping (tailored protectionism). Private pricing decisions tha… https://t.co/2UOuplImGu

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Trade transmits most market interventions across borders. It would be best to ban any that distorts competition (su… https://t.co/ZV55QeVx2M

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Although border/establishment regulations should be the primary target, regulation of a firm’s continuing operation… https://t.co/Kp2L6J7YZj

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Extensive private (MNE) networks of trade, technology & finance account for two-thirds+ of international exchange.… https://t.co/JZT5XrCkuq

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A trading system serves but cannot complete the opening of borders. A borderless world might be more productive (mi… https://t.co/l5DhUIzRl6

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Plurilateral and regional trade agreements (P&RTA) are not the problem. Some have delivered net gains (although tha… https://t.co/SmdINQ589v

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Only one ambitious plurilateral (GATT 1948) swelled to multilateral scale. It codified big steps in (mostly autonom… https://t.co/uf19ugCIKy

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Narrow scope with broad scale works (ITA agreement). Smaller scale (contiguity) and more ambitious scope is a known… https://t.co/ftx99faXMs

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Diverse geographies, histories, institutions, demographics impose a trade-off between the scope & scale of feasible… https://t.co/mRFftjenjE

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The sole assignment should be: cut international trade costs due to regulation. Targets could be any action or allo… https://t.co/Gt4QZkMYXD

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The lesson of three failed systems since 1945 (ITO, GATT, #WTO) is that to be effective and to endure changes that… https://t.co/xgsH45RjY8

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The system we have is outdated, over-complicated and weak where it should be strong. It needs not re-inforcement bu… https://t.co/cl5eFDL0T3

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#NextTradingSystem Despite much disappointment with #WTO & MCM11, it’s not clear that USA, CHN, EU are ready, able… https://t.co/ul1Fk0VSMs

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“The Rate of Return on Everything”. Wow! Real, risk-adjusted returns on all major asset classes incl. housing in 16… https://t.co/PsgbfrObIA

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RT @SimonEvenett: Here are year-end worldwide stats on resort to trade distortions from the Global Trade Alert. 2017 comes in ahead of 201…

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Net migration to AU in the year to July 2017 was ~250k, up 27 percent. MIgration = 2/3 of total population growth o… https://t.co/DvnyGD0nZ1

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Some seed! After 70 years what we have is now old root-stock. Hack it back. Graft some new ideas. https://t.co/duB41uMzOf

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@SimonEvenett @KBotwright @sdonnan Even further back. GATT began as a plurilateral when the first multilateral solution failed.

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RT @bbaschuk: Interesting development at #MC11 - @USTradeRep rejects @wto work plan for agricultural negotiations. Says the WTO needs “fund…

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RT @SimonEvenett: Bar fly consensus on #MC11 at the KLM lounge at EZE:
1. Azevedo’s luck has finally run out.
2. Late Jan 2018 expect talks…

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“These trends are similar in New Zealand, [UK] and the United States [acc. to AU Bureau of Stats]. More babies are… https://t.co/UXQRzdwMpZ

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How did ROK (1970s) industrial policies mange to boost productivity? (via @MargRev)::https://t.co/NOeA6DYRso

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Why did USTR offer only some broad, well-worn complaints & no program for change (‘lets all pull together each in o… https://t.co/ROMwzZEwrQ

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RT @CoppetainPU: @AnaSwanson Strange from Lighthizer considering the US is biggest user:

“Too often members seem to believe they can gain…

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A club of sovereigns, the #WTO proves the (non-discriminatory) saw: “Put not your trust in Princes…”:: https://t.co/Gr74t6ksfM

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I stand by the argument in my blog post “ Can Multilateralism be Revived” [2014]. In short, the weakness of multil… https://t.co/uA2koUZG7N

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@snlester @mercuriobryan Simon, there’s this::https://t.co/6sVnXhBz5k. Contrary to authors’ expectations, data does… https://t.co/OsO3sqdEn8

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AlphaZero is extraordinary for showing that big-data need not be the source of ML. Seems, too, to give a leg-up to… https://t.co/UFmguwF7oa

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MargRev The Age of the Centaur is *Over* Skynet Goes Live dlvr.it/Q4ljJt

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Scott Alexander on the “cost” of the US tax bill “It’s enough to end US homelessness four times over or fund nine s… https://t.co/DvWP0hKRNK

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@profjasonpotts @SincDavidson @CTIswinburne Damn! Wish I’d known about this. Hope there’ll be video/transcript/slides.

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20+ years later, #WTO’s awkward caps on farm production subsidies have become an “entitlements” monster. AU officia… https://t.co/PDXdk2jTcB

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I agree with @snlester’s criticisms of this idea for “fixing” the trading system. Still, ideas are needed. #WTO is… https://t.co/8Ok69dDuqh

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RT @D_A_Irwin: After comparative advantage & Stolper-Samuelson, the Lerner symmetry theorem is one of the key propositions of trade theory…

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@TradeNewsCentre @snlester Those shampoos containing endangered vegetables might be a problem

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A metaphor for merchandise trade trends? Thanks to technological change, US petroleum imports have plummeted while… https://t.co/ybkMbX6eTX

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