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On Trump and trade

(03/09/17 7:45am)

If 2016 was any indication, governments around the world are going to spend an awful lot of time rethinking trade, investment and industrial development policy. The declines in manufacturing jobs, offshoring in various segments of production, and rapid mechanization of jobs in outbound sectors have combined to unleash fervor against globalization. Trump, Brexit and the campaign of France’s Marine Le Pen have channeled such anger with globalization into an assault on the neoliberal consensus that supports free trade and immigration as benefits across nations. It would be unwise to dismiss the concerns of their voters, as it was to reject any statistician or political scientist who predicted a Trump victory. If anything, the wave of populism has alerted us of the urgent need to address globalization’s shortcomings. We can do this without completely abandoning the systemic integration of the global economy and the international world order—major contributors to an overall decline in global income inequality since 2000.

https://www.dukechronicle.com/article/2017/03/on-trump-and-trade

​The candidates: debt and deficit

(10/06/16 5:04am)

When voters talk about issues that matter, they often point to the economy as their number one issue—polling suggests many view the economy as the biggest problem facing the country. Ronald Reagan, Bill Clinton and Mitt Romney all seized this opportunity and asked voters to consider whether or not they were better off at the time of their elections than when the incumbent took office. The issue of the economy has several factors that often get lost amidst candidates’ oversimplified platitudes that typically amount to “bringing back jobs.” 

https://www.dukechronicle.com/article/2016/10/the-candidates-debt-and-deficit