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Is Free Trade Bad For The Economy?
 
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» Subscribe to NowThis World: http://go.nowth.is/World_Subscribe "The Da Vinci Code" brought attention to a little known Catholic institution, Opus Dei, yet some think the book negatively portrays it. So, what is Opus Dei? Learn More: Beatification Brings Opus Dei Into the Open http://www.nytimes.com/2014/09/27/world/europe/beatification-portillo-opus-dei.html?_r=0 "Beyond reverence, there is always a hint of mystery, even politics, at play whenever the Roman Catholic Church decides to advance someone toward sainthood." Controversy Over Opus Dei http://abcnews.go.com/US/story?id=93081&page=1 "When teenage "Julie" told her spiritual director she was thinking about leaving Opus Dei, she says she was told she would never be happy and would go to the devil if she did." Opus Dei http://www.bbc.co.uk/religion/religions/christianity/subdivisions/opusdei.shtml "Opus Dei is a Catholic organisation with around 85,000 members worldwide and about 500 members in the UK." Watch More: How Powerful Is The Vatican? https://www.youtube.com/watch?v=Ga1Rg0VGC3Y&list=UUgRvm1yLFoaQKhmaTqXk9SA _________________________ NowThis World is dedicated to bringing you topical explainers about the world around you. Each week we’ll be exploring current stories in international news, by examining the facts, providing historical context, and outlining the key players involved. We’ll also highlight powerful countries, ideologies, influential leaders, and ongoing global conflicts that are shaping the current landscape of the international community across the globe today. More from NowThis: » Subscribe to NowThis News: http://go.nowth.is/News_Subscribe » Like NowThis World on Facebook: https://go.nowth.is/World_Facebook » Connect with Judah: Follow @judah_robinson on Twitter – Facebook: http://go.nowth.is/LikeJudah » Connect with Versha: Follow @versharma on Twitter – Facebook: http://go.nowth.is/LikeVersha http://www.youtube.com/nowthisworld Special thanks to Lissette Padilla for hosting TestTube! Check Lissette out on Twitter:https://twitter.com/lizzette
Views: 202025 NowThis World
The deceptive promise of free trade | DW Documentary
 
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Global trade is a hot topic of the G7 summit in Canada. Is free trade truly free - and fair? What roles do US President Trump, economic powerhouse China, and the EU play in global trade? When it comes to global trade, it would seem that trickery, threats and deception are the order of the day - yet all this takes place largely beyond the reach of the public eye. Donald Trump has made "America First” his agenda and rallying cry. Along with aiming sharp criticism at global export champion Germany, Trump has also introduced punitive tariffs and warned of further measures. Will this fresh wave of protectionism lead to economic isolationism and threaten global free trade? And what about those for whom free trade’s promise of prosperity increasingly rings hollow? Around the world, many people have come to regard themselves as the losers of globalization. If the true winners of free trade and globalization are not ordinary citizens, has the time come to revise the liberal orthodoxy of free trade? This documentary visits Germany, Switzerland, the United States and Cameroon to explore these issues by way of some everyday examples, including the trade in onions, floor tiles, and bicycles. _______ DW Documentary gives you knowledge beyond the headlines. Watch high-class documentaries from German broadcasters and international production companies. Meet intriguing people, travel to distant lands, get a look behind the complexities of daily life and build a deeper understanding of current affairs and global events. Subscribe and explore the world around you with DW Documentary. Subscribe to DW Documentary: https://www.youtube.com/channel/UCW39zufHfsuGgpLviKh297Q?sub_confirmation=1# For more documentaries visit: http://www.dw.com/en/tv/docfilm/s-3610 Instagram https://www.instagram.com/dwdocumentary/ Facebook: https://www.facebook.com/dw.stories DW netiquette policy: http://www.dw.com/en/dws-netiquette-policy/a-5300954
Views: 957927 DW Documentary
Imports, Exports, and Exchange Rates: Crash Course Economics #15
 
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What is a trade deficit? Well, it all has to do with imports and exports and, well, trade. This week Jacob and Adriene walk you through the basics of imports, exports, and exchange. So, you remember the specialization and trade thing, right? So, that leads to imports and exports. Economically, in the aggregate, this is usually a good thing. Globalization and free trade do tend to increase overall wealth. But not everybody wins. Crash Course is on Patreon! You can support us directly by signing up at http://www.patreon.com/crashcourse Thanks to the following Patrons for their generous monthly contributions that help keep Crash Course free for everyone forever: Mark, Eric Kitchen, Jessica Wode, Jeffrey Thompson, Steve Marshall, Moritz Schmidt, Robert Kunz, Tim Curwick, Jason A Saslow, SR Foxley, Elliot Beter, Jacob Ash, Christian, Jan Schmid, Jirat, Christy Huddleston, Daniel Baulig, Chris Peters, Anna-Ester Volozh, Ian Dundore, Caleb Weeks -- Want to find Crash Course elsewhere on the internet? Facebook - http://www.facebook.com/YouTubeCrashCourse Twitter - http://www.twitter.com/TheCrashCourse Tumblr - http://thecrashcourse.tumblr.com Support Crash Course on Patreon: http://patreon.com/crashcourse CC Kids: http://www.youtube.com/crashcoursekids
Views: 1041083 CrashCourse
What global trade deals are really about (hint: it's not trade) | Haley Edwards | TEDxMidAtlantic
 
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TPP, NAFTA, GAAT, WTO -- the concepts that govern our global economy and international trade are confusing to say the least, but affect us all. And why is there so much conflict around trade deals, which became a focal point during the 2016 US Presidential election? Haley Edwards breaks down the history of trade and explains how the idea of global trade has transformed in the past decades. Haley Edwards is an author and correspondent at TIME. Her book, Shadow Courts: The Tribunals That Rule Global Trade came out in 2016. Previously, she was an editor at the Washington Monthly and a foreign correspondent in the Middle East and the former Soviety Union, where she reported for the Los Angeles Times, The Atlantic, The New Republic, and other publications. She studied philosophy at Yale University and journalism at the Columbia University Graduate School of Journalism in New York. This talk was given at a TEDx event using the TED conference format but independently organized by a local community. Learn more at https://www.ted.com/tedx
Views: 62517 TEDx Talks
Milton Friedman - Free Trade In A Global Economy
 
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Friedman looks at the opportunities presented by the global economy. http://www.LibertyPen.com
Views: 7020 LibertyPen
How Beneficial Is World Trade?
 
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Global Economics - Global Exchange: Free Trade & Protectionism (2006): Assessing the overall gains of world trade. Subscribe to Journeyman here: http://www.youtube.com/subscription_center?add_user=journeymanpictures Societies have traded for thousands of years. However, the last 35 years have seen an explosion in world trade. How has this global integration affected the world's economy and individual markets and how are the overall gains of world trade distributed? Like us on Facebook: https://www.facebook.com/journeymanpictures Follow us on Twitter: https://twitter.com/JourneymanNews https://twitter.com/JourneymanVOD Follow us on Instagram: https://instagram.com/journeymanpictures For downloads and more information visit: http://www.journeyman.tv/film/3168 Journeyman Pictures - Ref. 3168 Journeyman Pictures is your independent source for the world's most powerful films, exploring the burning issues of today. We represent stories from the world's top producers, with brand new content coming in all the time. On our channel you'll find outstanding and controversial journalism covering any global subject you can imagine wanting to know about.
Views: 197800 Journeyman Pictures
Globalization and Trade and Poverty: Crash Course Economics #16
 
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What is globalization? Is globalization a good thing or not. Well, I have an answer that may not surprise you: It's complicated. This week, Jacob and Adriene will argue that globalization is, in aggregate, good. Free trade and globalization tend to provide an overall benefit, and raises average incomes across the globe. The downside is that it isn't good for every individual in the system. In some countries, manufacturing jobs move to places where labor costs are lower. And some countries that receive the influx of jobs aren't prepared to deal with it, from a regulatory standpoint. Anyway, Jacob and Adriene can explain the whole thing to you in 10 minutes. *** Crash Course is on Patreon! You can support us directly by signing up at http://www.patreon.com/crashcourse Thanks to the following Patrons for their generous monthly contributions that help keep Crash Course free for everyone forever: Mark, Eric Kitchen, Jessica Wode, Jeffrey Thompson, Steve Marshall, Moritz Schmidt, Robert Kunz, Tim Curwick, Jason A Saslow, SR Foxley, Elliot Beter, Jacob Ash, Christian, Jan Schmid, Jirat, Christy Huddleston, Daniel Baulig, Chris Peters, Anna-Ester Volozh, Ian Dundore, Caleb Weeks -- Want to find Crash Course elsewhere on the internet? Facebook - http://www.facebook.com/YouTubeCrashCourse Twitter - http://www.twitter.com/TheCrashCourse Tumblr - http://thecrashcourse.tumblr.com Support Crash Course on Patreon: http://patreon.com/crashcourse CC Kids: http://www.youtube.com/crashcoursekids
Views: 707396 CrashCourse
The Benefits Of International Trade: Econ-1 with John Taylor
 
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International trade allows countries to consume more goods than they can produce on their own. They can do so by specializing in the production of goods for which they have a comparative advantage. This is true even if the country has an absolute advantage on producing all goods more efficiently than the other countries it can trade with. For more information, visit: http://bit.ly/2G82CGr • To view the other videos in the Econ 1 series, visit: http://bit.ly/2DARrrk • To view all of the online classwork to Econ 1: Principles of Economics, visit: http://stanford.io/2Gcqlp2 • Read John Taylor’s blog on The Fed’s Inflation Target and Policy Rules; available here: http://bit.ly/2BnRrpz • For a further explanation of comparative and absolute advantage, read “Comparative Advantage” by Library of Economic and Liberty; available here: http://bit.ly/2k0VsZX • Hoover Institution fellow John Taylor discusses President Trump's economic agenda, tax reform, trade issues, and Fed policy; available here: https://bloom.bg/2DtxI9E • Hoover Institution fellow John Taylor discusses the stock market bull run as well as Taylor's five keys for restoring America's prosperity; available here: http://bit.ly/2n3Hybg • In John Taylor: Institute Of International Finance Policy Summit, Hoover Institution fellow John Taylor discusses US economic growth, tax reform, monetary policy, and so much more, available here: http://cs.pn/2E4sZw4 • In their book, “Rules for International Monetary Stability” Hoover scholars and editors  John Taylor, Michael Bordo, and Richard Clarida, discussed how monetary policy has deviated from a rules-based approach in much of the world and economic performance and stability has deteriorated and how proposals for rules-based reform in each country would deliver a rules-based international monetary system that can better reconcile reasonable free and open markets with independent national policies and stability; available here: http://hvr.co/2A5zEUh
Views: 494088 PolicyEd
World leaders call for trust economy, free trade at Russia's economic forum
 
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World leaders call for building an economy of trust and upholding the principles of free trade at an international economic forum in Russia.
Views: 1377 New China TV
Free Trade: Prosperity for all? | Global 3000
 
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NAFTA, ASEAN, MERCOSUR and GAFTA - more than 3,200 multinational or bi-national agreements exist today. But what benefits do free trade agreements really bring? Their supporters say that by giving more freedom to business, such agreements generate more trade. And that this, in turn, leads to more jobs and prosperity. But critics say the only ones who really benefit are large companies. The NAFTA agreement between Mexico, Canada and the US came into force in 1994. But it didn't create the prosperity that was promised. Instead, some 850,000 jobs were lost in the US alone. In the Mexican agrarian sector up to 2 million were wiped out. More from this edition of Global 3000: http://www.dw.com/en/global-3000-the-globalization-program-2016-03-07/e-19057198-9798
Views: 2082 DW News
Explaining Economic Integration
 
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Economic integration reduces or eliminates trade barriers among nations, and coordinates monetary and fiscal policies. The aim is to reduce costs for consumers and producers, as well as to increase trade between the countries participating in the agreement. The more integrated economies become, the fewer trade barriers exist, and the more politically coordinated they are. Countries can agree to different levels of economic integration: A preferential trade agreement is a trading bloc where members reduce or remove tariffs on certain goods imported and exported throughout their region. A free trade area is a bloc in which countries reduce or remove tariffs on all goods among member nations. An example is the North American Free Trade Agreement. In a customs union, member countries reduce or remove tariffs among themselves and impose a common tariff against non-member countries. Countries involved in a common markets bloc freely exchange all goods, services, labor and capital. An economic union is a common markets bloc among members that also share one trade policy with non-members. And in a monetary union, nations share a single currency, such as the euro. The good thing about economic integration is its members pay smaller expenses to trade, which can spur economic growth. But one member of a bloc can bring others down if its economy or growth slows. The more integrated the economies become, the less flexibility the governments of member nations have to make adjustments that would benefit themselves. Read more: http://www.investopedia.com/video/play/economic-integration/ Copyright © Investopedia.com
Views: 35887 Xargo
Free Trade vs. Fair Trade
 
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Fair trade vs. Free trade http://fairworldproject.org Wouldn't it be great if public policies benefited the public, so everyone could prosper, and so-called "free trade agreements" valued our precious resources rather than exploiting people and the planet? As consumers, we have the power to vote with our dollars, as well as to engage in local and federal policy reform in order to help change and transform our global economy to protect our people and planet. In January 2014, the Camp-Baucus "Fast Track" legislation was introduced, that would have allowed President Obama to vote on free trade agreements like the Trans-Pacific Partnership (TPP) and Trans-Atlantic Free Trade Agreement (TAFTA) without a full and open debate. This was concerning not only because such an arrangement is an affront to democracy, but also because the specific provisions in these agreements are expected to have negative impacts on farmers, workers, consumers, the environment, and public health world-wide and more time and care is needed to create trade policies that work for people.
Views: 43946 Fair World Project
Global Interdependence: The Value of Trade | Ping Zhou | TEDxYDL
 
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Globalization is a topic of much interest as the world adjusts to changes in leadership in the United States, Brexit, and upcoming elections elsewhere in the world. Ping Zhou’s research centers on the role of trade in a globalizing world. His talk tonight will show us why we need to embrace trade in a time of isolationist fervor. I have been a geography instructor at EMU for seven years. Among my course load includes a relevant 300-level economic geography course. Much of my graduate and undergraduate studies focused on industrialization and trade. Six years ago, I gave a New York Times Talk at EMU on China's unstable economic growth. I have much experience in public speaking and I'm one of the highest rated instructors in our department based on public student evaluations. As a young instructor, I am able to empathize with college students, understanding how to keep them attentive and engaged. This talk was given at a TEDx event using the TED conference format but independently organized by a local community. Learn more at https://www.ted.com/tedx
Views: 5250 TEDx Talks
Panel Discussion on Free Trade practices & its impact on global economy | Free Trade & Prosperity
 
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Panel Discussion on Free Trade practices & its impact on global economy
Views: 18 TEN NEWS
PART 1: Free Trade Globalization - Free Trade  Capitalism - The Global Economy  System
 
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Free Trade Capitalism or Globalization is every bit as bad as Communism. Both systems lead to Slavery. Money the Capitalist made is not earned and he produced nothing for it. That money should have gone to the worker who produced somthing . Well, thats a Swindled ! Capitalism is a Parasitic systems of usery and is bad for any economicy. It is a immoral system ! Is This How People Should Be Treated ? You Want This System ! You Like Slavery ? You think Slavery is ok in America ?
Views: 1421 gkgreger
Free Trade And Protection: Australia's Trade Policies (HSC Economics)
 
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HSC Topic Two -- Australia's Place in the Global Economy Free Trade And Protection - Australia's Policies Regarding Free Trade And Protection Filmed on Monday 16 June 2014.
Views: 1511 Bambul Shakibaei
China: The world's new champion of free trade? - Counting the Cost
 
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We look at what it means for developing countries when the US decides to take a protectionist stance. The Trans-Pacific Partnership (TPP) was the largest ever US-proposed trade deal and took years to put together, but US President-elect Donald Trump has promised to withdraw from the deal on his very first day in office. The TPP, signed by 12 countries in February 2016, covers 40 percent of the world's economy. But all 12 nations need to ratify it, and Trump's comments suggest that this will not happen. As the United States, the world's biggest economy and the champion of free trade for the past century, is about to back away from closer global economic integration, analysts question whether China has what it takes to be the world's new champion of free trade. While China has not signed on to the TPP agreement, it could take advantage of new opportunities as the US takes a more protectionist stance on trade. China is promoting it's own pan-Pacific trade pact. The Regional Comprehensive Economic Partnership (RCEP) is still being negotiated, but if enacted, it could become the world's largest free trade bloc. It differs from the TPP in that it doesn't require its members to liberalise their economies, or take steps to protect labour rights, environment or intellectual property. So, is it really the end of the TPP? What does it mean for China and RCEP? And what are the implications on the US, Asia and the global economy? Deborah Elms, the executive director at the Singapore-based Asian Trade Centre, takes a look at how China could now be positioning itself as the world's new champion of free trade. Also on this episode of Counting the Cost: Made in Australia: In Australia, successive governments have supported free trade, but that long-standing position on foreign competition may now be changing. We went to the Rossi Boots headquarters, in Adelaide, to talk to one of the only companies still manufacturing Made in Australia footwear. The UK's JAM families and the cost of Brexit: It's estimated that leaving the European Union will cost Britain $280m a week over the next five years. In the first budget since Brexit, UK Finance Minister Philip Hammond downgraded his 2017 economic forecast and said the national debt would grow. In fact, it will balloon to above 90 percent of the UK's gross domestic product. That will wipe out any savings made from not having to pay into the EU's budget. Will the new budget help the so-called JAM families, those households "just about managing" to make ends meet? Gregor Irwin, chief economist at the Global Counsel, looks at the cost of Brexit. Iceland's red hot tourism industry: Iceland is known for its stunning landscapes and hot springs. But soon, there could be no more room in its famous blue lagoon because it's going through an unprecedented tourism boom and its infrastructure is struggling to cope. Paul Brennan reports from Reykjavik. Iceland versus Iceland: It looks like a 'cold war' might be breaking out between Iceland, the country, and the supermarket chain that bears the same name. That's because the UK store specialises in frozen food and actually owns the European trademark for using the name Iceland. But now, Iceland, the country, confirmed its taking legal action against the store. YouTube - http://aje.io/countingthecostYT Website - http://aljazeera.com/countingthecost/
Views: 37584 Al Jazeera English
Trade, Technology, And Jobs: How To Think About Free Trade
 
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The consequences of free trade are very similar to what happens when a new technology is invented. In both cases goods and services get better and more affordable for everyone, new jobs are created, and some jobs are replaced. So, the next time someone proposes new trade barriers, imagine instead that they had proposed outlawing a new invention. For more information, visit the PolicyEd page here: https://bit.ly/2QFzizL Additional resources: Watch “The Benefits of International Trade,” available here: https://bit.ly/2CoJ4h9 Read “The Case for Free Trade” by Milton Friedman, Rose D. Friedman, available here: https://hvr.co/2S8iRJ2 Read “Defending Free Trade” by Richard A. Epstein. Available here: https://hvr.co/2GwJQwJ On “John Taylor On The Global Economy,” John Taylor discusses trade policy and capital markets. Available here: https://cnb.cx/2EvkGfg In “The Historical Benefits of Trade,” Douglas Irwin defends the benefits of free trade and explains why protectionism, high tariffs, and currency wars could cause economic problems. Available here: https://hvr.co/2Euc2xD Listen as Richard Epstein responds to the criticisms of free trade coming from Donald Trump, Bernie Sanders, and Hillary Clinton in “The Libertarian: “The Future of Free Trade”. Available here: https://hvr.co/2Ezpxfx Visit https://www.policyed.org/ to learn more. - Subscribe to PolicyEd's YouTube channel: http://bit.ly/PolicyEdSub - Follow PolicyEd on Twitter: http://bit.ly/PolicyEdTwit - Follow PolicyEd on Instagram: http://bit.ly/PolicyEdInsta
Views: 304522 PolicyEd
Free Trade, Flaws of a Market Economy, International Monetary Fund: Joseph Sitglitz (2006)
 
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The first major protest in Seattle, Washington against the World Trade Organization (WTO) and its role in promoting economic globalization came as a surprise to many, considering the positive impacts globalization was supposed to bring. About the book: https://www.amazon.com/gp/product/0393330281/ref=as_li_tl?ie=UTF8&camp=1789&creative=9325&creativeASIN=0393330281&linkCode=as2&tag=tra0c7-20&linkId=8f99f38c891c395fa4121f515b9a1fe3 According to Stiglitz, this was the first step in a widespread recognition that globalization was all "too good to be true." Along with globalization comes a myriad of concerns and problems, says Stiglitz. The first concern being that the rules governing globalization favors developed countries, while the developing countries sink even lower. Second, globalization only regards monetary value of items, rather than other factors involved; one being the environment. The next concern is how developing countries are controlled by globalization and the negative effects it can have on their democracies. Developing countries borrow a large amount of funds from other countries and the World Bank which essentially causes them to give up the benefits of their democracy because of the strings attached to the loan repayment. The fourth concern regarding globalization is the notion that it does not live up to its original expectations. Globalization was advertised to boost countries economically; however, it has not shown improvement in developed nor developing countries. Last but not least, the new system of globalization has basically forced a new economic system on developing countries. This new economic system is seen as the "Americanization" (Stiglitz, Page 9) of their policies as well as culture. This has caused quite a bit of resentment and financial damage. In addition to these concerns, Stiglitz highlights that individual persons and whole countries are being victimized by globalization. Globalization had succeeded in unifying people from around the world — against globalization. Factory workers in the United States saw their jobs being threatened by competition from China. Farmers in developing countries saw their jobs being threatened by the highly subsidized corn and other crops from the United States. Workers in Europe saw hard-fought-for job protections being assailed in the name of globalization. AIDS activists saw a new trade agreement raising the prices of drugs to levels that were unaffordable in much of the world. Environmentalists felt that globalization undermined their decade long struggle to establish regulations to preserve our natural heritage. Those who wanted to protect and develop their own cultural heritage saw too the intrusions of globalization. — Stiglitz, 2006, p. 7 Stiglitz then goes on to provide an overview of how we might "reform" globalization, by noting representatives of the world's national governments attended the Millennium Summit and signed the Millennium Development Goals, pledging to cut poverty in half by 2015. Additionally, the International Monetary Fund (IMF) had previously been focusing more on inflation, rather than employment and income; however, they have shifted their focus in hopes of reducing poverty. Stiglitz states that countries who seek financial assistance have in the past been asked to meet an outrageous number of conditions, in exchange for the aid. This was one of the most common complaints towards the IMF and the World Bank. They have heard these complaints and have since greatly reduced the conditionality. The G8 group met for their annual meeting in 2005 and had agreed to write off debt owed by the 18 poorest countries in the world as an attempt to help with the global poverty issue. As regards the aspiration to make trade fair, originally, opening the market was done in hopes of helping the economy; however, the rights between the developing and developed countries have been skewed, and the last trade agreement actually put the poorest countries in a situation in which they were worse off than to begin with. Stiglitz focuses on the limitations of liberalization briefly to say the results of liberalization never lived up to the expectations; the developing countries were not able to follow through because their economic and political systems simply could not cope with the pressures. Finally, Stiglitz also argues that protecting the environment is one of the most important issues and countries must work together to lessen the effects of global warming. Successful development in countries such as India and China has only increased energy usage and also the use of natural resources. People from all over the world must adjust their lifestyle in order to reverse the effects of global warming. http://en.wikipedia.org/wiki/Making_Globalization_Work Image By World Economic Forum [CC-BY-SA-2.0 (http://creativecommons.org/licenses/by-sa/2.0)], via Wikimedia Commons
Views: 9791 The Film Archives
Who Has Benefited From So-Called “Free Trade?"
 
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Dr. Mark Weisbrot, Center for Economic and Policy Research (C.E.P.R.)/Just Foreign Policy/FAILED: What the "Experts" Got Wrong about the Global Economy joins Thom. Barack Obama heaped praise on the UN during his final speech at theGeneral Assembly earlier this week. But who's really benefitted from the last 70 years of "international development"? Plus - CEPR just came out with a new report called "The Case for a Weak Labor Market" with a press release called "Hold the Champagne - The Job market is Far from Recovered." For more information on the stories we've covered visit our websites at thomhartmann.com - freespeech.org - and RT.com. You can also watch tonight's show on Hulu - at Hulu.com/THE BIG PICTURE and over at The Big Picture YouTube page. And - be sure to check us out on Facebook and Twitter!
Views: 1632 The Big Picture RT
Japan and EU sign trade pact covering one-third of global economy
 
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Robert Holleyman, former U.S. deputy trade representative and C&M International CEO, provides insight to the economic impact of tariffs on trading partners.
Views: 3126 CNBC Television
Free Trade and the Global Economy – Can Growth Be Sustained in a Protectionist World?
 
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Lennart Meri Conference 2017 Sunday, May 14 Free Trade and the Global Economy – Can Growth Be Sustained in a Protectionist World? Speakers: Mauro Petriccione, Deputy Director General of the Directorate General for Trade, European Commission Marietje Schaake, Member of European Parliament, the Netherlands Stephen Biegun, Vice President of Ford Siim Kallas, Professor of the University of Tartu, Former Vice- President of the European Commission Moderated by: Kristjan Lepik, Product Manager at Move Guides Teleport, Estonia
G20: Leaders agree to use free trade to boost global economy
 
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Leaders from the world's largest economies have agreed to promote free trade to tackle the sluggish global economy. North Korea's missile tests was also widely condemned by world leaders who are wrapping up talks at the G20 Summit in China's Hangzhou. Territorial disputes in the South China Sea, Europe's refugee crisis, and the war in Syria have also been top of the agenda. Al Jazeera’s Adrian Brown reports from Hangzhou - Subscribe to our channel: http://aje.io/AJSubscribe - Follow us on Twitter: https://twitter.com/AJEnglish - Find us on Facebook: https://www.facebook.com/aljazeera - Check our website: http://www.aljazeera.com/
Views: 2124 Al Jazeera English
Comparative advantage specialization and gains from trade | Microeconomics | Khan Academy
 
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How two parties can get better outcomes by specializing in their comparative advantage and trading Watch the next lesson: https://www.khanacademy.org/economics-finance-domain/microeconomics/choices-opp-cost-tutorial/gains-from-trade-tutorial/v/comparative-advantage-and-absolute-advantage?utm_source=YT&utm_medium=Desc&utm_campaign=microeconomics Missed the previous lesson? https://www.khanacademy.org/economics-finance-domain/microeconomics/choices-opp-cost-tutorial/production-possibilities/v/economic-growth-through-investment?utm_source=YT&utm_medium=Desc&utm_campaign=microeconomics Microeconomics on Khan Academy: Topics covered in a traditional college level introductory microeconomics course About Khan Academy: Khan Academy offers practice exercises, instructional videos, and a personalized learning dashboard that empower learners to study at their own pace in and outside of the classroom. We tackle math, science, computer programming, history, art history, economics, and more. Our math missions guide learners from kindergarten to calculus using state-of-the-art, adaptive technology that identifies strengths and learning gaps. We've also partnered with institutions like NASA, The Museum of Modern Art, The California Academy of Sciences, and MIT to offer specialized content. For free. For everyone. Forever. #YouCanLearnAnything Subscribe to Khan Academy's Microeconomics channel: https://www.youtube.com/channel/UC_6zQ54DjQJdLodwsxAsdZg Subscribe to Khan Academy: https://www.youtube.com/subscription_center?add_user=khanacademy
Views: 615597 Khan Academy
NAFTA explained by avocados. And shoes.
 
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Everyone hates NAFTA. But what was NAFTA actually supposed to do? Did it deliver on its promise? To understand that, you have to look at America's relationships with two goods: avocados and shoes. Quartz is a digital news outlet dedicated to telling stories at the intersection of the important and the interesting. Visit us at https://qz.com/ to read more. Become a member of Quartz, your exclusive guide to the global economy: http://bit.ly/2E7e7jB
Views: 262254 Quartz
The Real Adam Smith: Ideas That Changed The World - Full Video
 
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The Real Adam Smith: A Personal Exploration by Johan Norberg, takes an intriguing, two-part look at Smith and the evolution and relevance of his ideas today, both economic and ethical. It’s difficult to imagine that a man who lived with horse drawn carriages and sailing ships would foresee our massive 21st century global market exchange, much less the relationship between markets and morality. But Adam Smith was no ordinary 18th century figure. Considered the “father of modern economics,” Smith was first and foremost a moral philosopher. The revolutionary ideas he penned in The Wealth of Nations and The Theory of Moral Sentiments, changed the world. Norberg explores Smith’s insights regarding free trade and the nature of wealth to the present, where they are thriving and driving the world’s economy. In the second hour, Ideas That Changed The World, Norberg traces Smith’s insights regarding the benefits of free trade and the nature of wealth to the present, where they are currently in operation. He talks with some of the most distinguished Adam Smith scholars, as well as leaders of some of the world’s most admired companies to discover how Smith’s ideas continue to be relevant and drive the global economy today. Check out our Facebook page here: https://www.facebook.com/FreeToChooseNetwork Visit our media website to find other programs here: http://freetochoosemedia.org/index.php Connect with us on Twitter here: https://twitter.com/FreeToChooseNet Learn more about our company here: http://freetochoosenetwork.org Shop for related products here: http://www.freetochoose.net Stream from FreeToChoose.TV here: http://freetochoose.tv Learn more about Adam Smith here: http://therealadamsmithfilm.com
Views: 463657 Free To Choose Network
PART 2: Free Trade Globalization - Free Trade  Capitalism - The Global Economy  System
 
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Free Trade Capitalism or Globalization is every bit as bad as Communism. Both systems lead to Slavery. Money the Capitalist made is not earned and he produced nothing for it. That money should have gone to the worker who produced somthing . Well, thats a Swindled ! Capitalism is a Parasitic systems of usery and is bad for any economicy. It is a immoral system ! Is This How People Should Be Treated ? You Want This System ! You Like Slavery ? You think Slavery is ok in America ?
Views: 915 gkgreger
America’s Transition to a Global Economy (1960s-1990s) — US Economic History 9
 
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The US became a global economy, but also struggled with stagflation and trade conflicts. Video created with the Bill of Rights Institute to help students ace their exams. This is the final video in our series with Professor Brian Domitrovic, which aims to be a resource for students studying for US History exams, and to provide a survey of different (and sometimes opposing) viewpoints on key episodes in U.S. economic history. SUBSCRIBE: http://bit.ly/2dUx6wg LEARN MORE: Income Inequality and the Effects of Globalization - Learn Liberty (video): Professor Tyler Cowen explains that globalization has decreased income inequality worldwide. https://www.youtube.com/watch?v=ja15pIDBEHc What is the Gold Standard? - Learn Liberty (video): Professor Lawrence White explains what a gold standard is and why the US left it, and argues that it’s more stable than fiat currency. https://www.youtube.com/watch?v=LdyHso5iSZI Explainer: What You Should Know About NAFTA (blog post): Joe Carter explains the North American Free Trade Agreement, what it is, why it’s controversial, and how it affects the US economy. http://www.learnliberty.org/blog/explainer-what-you-should-know-about-nafta/ TRANSCRIPT: For a full transcript please visit: http://www.learnliberty.org/videos/us-economic-history-9-americas-transition-to-a-global-economy-1960s-1990s LEARN LIBERTY: Your resource for exploring the ideas of a free society. We tackle big questions about what makes a society free or prosperous and how we can improve the world we live in. Watch more at http://www.learnliberty.org/.
Views: 17433 Learn Liberty
Specialization and Trade: Crash Course Economics #2
 
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In which Adriene Hill and Jacob Clifford teach you about specialization and trade, and how countries decide whether they're going to make stuff or trade for stuff. You'll learn about things like comparative advantage, the production possibilities frontier and how to make pizza! Crash Course is now on Patreon! You can support us directly by signing up at http://www.patreon.com/crashcourse Thanks to the following Patrons for their generous monthly contributions that help keep Crash Course free for everyone forever: Mark Brouwer, Jan Schmid, Anna-Ester Volozh, Robert Kunz, Jason A Saslow, Christian Ludvigsen, Chris Peters, Brad Wardell, Beatrice Jin, Roger C. Rocha, Eric Knight, Jessica Simmons, Jeffrey Thompson, Elliot Beter, Today I Found Out, James Craver, Ian Dundore, Jessica Wode, SR Foxley, Sandra Aft, Jacob Ash, Steve Marshall TO: Sarah M. FROM: Anthony M. "Making our own history awesome! Happy 3 year Anniversary!" TO: Everyone FROM: Someone "The earth is but one country, and mankind its citizens." Thank you so much to all of our awesome supporters for their contributions to help make Crash Course possible and freely available for everyone forever: Nathanial R. Castronovo, Eefje Savelkoul, Nupur Maheshwari, Jacob J., Dominik Steenken, Shai Belfer, Stefan Bjerring Henriksen James Kribs, Hugo Jobly, Tim Eramo Want to find Crash Course elsewhere on the internet? Facebook - http://www.facebook.com/YouTubeCrashCourse Twitter - http://www.twitter.com/TheCrashCourse Tumblr - http://thecrashcourse.tumblr.com Support Crash Course on Patreon: http://patreon.com/crashcourse CC Kids: http://www.youtube.com/crashcoursekids
Views: 1604479 CrashCourse
International trade:  Impact of Import tariffs
 
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The economic impact of import tariffs
Views: 58926 lostmy1
Peter Mandelson - In Defense of Free Trade
 
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Complete video at: http://fora.tv/2007/11/08/U_S__and_Europe_Confronting_Global_Challenges E.U. Commissioner for Trade Peter Mandelson gives a defense of free trade practices and globalization. ----- Europe and the U.S.: Confronting Global Challenges with Peter Mandelson. In a speech at the Carnegie Endowment, EU Commissioner of Trade Peter Mandelson argued that the European Union and the United States must use their collective economic weight to underwrite the openness of the global economy as its adjusts to the rise of new economic powers and greater global flows of investment. Mandelson said that the U.S. and the EU should use their own openness to "underwrite a strong multilateral order based on cooperation and economic openness" - Carnegie Endowment for International Peace Peter Mandelson was born in Britain in 1953. He studied Philosophy, Politics and Economics at St Catherine's College, Oxford. As a young man he lived in Tanzania for a year, an experience which formed life-long impressions of Africa and the challenges of fighting poverty. A life-long pro-European, he led the British delegation to the first ever meeting of the European Communities Youth Forum in Strasbourg in 1979. After working as an economist at the Trades Union Congress and as a current affairs TV producer, Peter Mandelson was later appointed Labour Party Director for Campaigns and Communications in 1985. Later he was Tony Blair’s Campaign Manager in the May 1997 election that brought Labour to power in Britain. In 1992 he was elected as member of parliament for the Northern English constituency of Hartlepool. He served until 2004 upon his appointment to the European Commission. Peter Mandelson is honorary Chair of Policy Network, a European and international think tank whose journal and conferences promote the exchange and debate of centre-left policy ideas and European social democratic thinking. He was UK chairman of the UK-Japan 21st Century Group, which brings together leading academics, politicians and business people. He has traveled widely and has lectured throughout Europe, in Asia and the United States.
Views: 7484 FORA.tv
Free Trade And Protection: Australia's Free Trade Agreements (HSC Economics)
 
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HSC Topic Two -- Australia's Place in the Global Economy Free Trade And Protection - Australia's Multilateral And Bilateral Trade Agreements Filmed on Monday 16 June 2014. Bilateral Free Trade Agreements: Korea - https://www.dfat.gov.au/fta/kafta/guides/outcomes-at-a-glance.html Japan - https://www.dfat.gov.au/fta/jaepa/downloads/jaepa-key-outcomes.pdf
Views: 574 Bambul Shakibaei
Trade: Last Week Tonight with John Oliver (HBO)
 
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Donald Trump is waging a trade war that hurts a lot of American workers. Maybe he would understand that if our heavy-handed documentaries about the global trading system were more informative. Connect with Last Week Tonight online... Subscribe to the Last Week Tonight YouTube channel for more almost news as it almost happens: www.youtube.com/user/LastWeekTonight Find Last Week Tonight on Facebook like your mom would: http://Facebook.com/LastWeekTonight Follow us on Twitter for news about jokes and jokes about news: http://Twitter.com/LastWeekTonight Visit our official site for all that other stuff at once: http://www.hbo.com/lastweektonight
Views: 9241510 LastWeekTonight
Best Economic Documentary I have Watched " FOUR HORSEMEN "
 
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FOUR HORSEMEN is an award winning independent feature documentary which lifts the lid on how the world really works. As we will never return to 'business as usual' 23 international thinkers, government advisors and Wall Street money-men break their silence and explain how to establish a moral and just society. FOUR HORSEMEN is free from mainstream media propaganda -- the film doesn't bash bankers, criticise politicians or get involved in conspiracy theories. It ignites the debate about how to usher a new economic paradigm into the world which would dramatically improve the quality of life for billions.
Views: 159876 David S
Spaghetti-bowl politics? 'Regional free trade must lead to global integration' - UNECE Exec Sec
 
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FULL INTERVIEW: http://www.youtube.com/watch?v=0LAn2kP3ex4 The conflict in Ukraine began as a tug-of-war between the EU and Russia over whose economic union Kiev would join. And with the proliferation of regional trade agreements around the world, the very foundation of the WTO and global free trade is being brought into question. Can a ceasefire on the marketplace bring peace to Ukraine, and is “integrating the integrations” the key to a truly unified global economy? To trade views on this issue, Oksana is joined by Christian Friis Bach, Executive Secretary of the UN Economic Commission for Europe. WATCH: http://rt.com/shows/worlds-apart-oksana-boyko/ http://www.youtube.com/user/WorldsApartRT/videos https://soundcloud.com/rttv/sets/worlds-apart FOLLOW: Oksana Boyko @OksanaBoyko_RT Worlds Apart @WorldsApart_RT RT LIVE http://rt.com/on-air Subscribe to RT! http://www.youtube.com/subscription_center?add_user=RussiaToday Like us on Facebook http://www.facebook.com/RTnews Follow us on Twitter http://twitter.com/RT_com Follow us on Instagram http://instagram.com/rt Follow us on Google+ http://plus.google.com/+RT Listen to us on Soundcloud: https://soundcloud.com/rttv RT (Russia Today) is a global news network broadcasting from Moscow and Washington studios. RT is the first news channel to break the 1 billion YouTube views benchmark.
Views: 3679 RT
The Economics of TRUMP with Jacob Clifford- Part 1: Trade
 
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Thanks for watching my videos. I’m excited to have an intelligent discussion about the economic policies of President Trump. In this video I cover what what most economists think about international trade and protectionism. Do you think we should continue to promote globalization or do you think we need tariffs and trade restrictions? Do you think the trade deficit is a problem? Are mainstream economists right or wrong? Let me know in the comments below. Thanks again. Please like and share. Article about manufacturing cell iphones in the US- https://www.marketplace.org/2014/05/20/business/ive-always-wondered/how-much-would-all-american-iphone-cost Check out what Milton Friedman had to say about international trade, trade deficits, and the balance of payments https://www.youtube.com/watch?v=7DhagKyvDck Get the Ultimate Review Packet http://www.acdcecon.com/#!review-packet/czji Macroeconomics Videos https://www.youtube.com/watch?v=XnFv3d8qllI Microeconomics Videos https://www.youtube.com/watch?v=swnoF533C_c Watch Econmovies https://www.youtube.com/playlist?list=PL1oDmcs0xTD9Aig5cP8_R1gzq-mQHgcAH Follow me on Twitter https://twitter.com/acdcleadership
Views: 41708 Jacob Clifford
Tariff - Trade Protectionism
 
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Tariff (Trade Protectionism) - The impact of a tariff on a market, diagram and analysis
Views: 76283 EconplusDal
Switzerland: WTO head warns of 'Dark Ages' if free trade system collapses
 
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Subscribe to our channel! rupt.ly/subscribe Director-General of the World Trade Organisation (WTO) Roberto Azevedo warned that the global economy could plunge into "Dark Ages" in the absence of free trade, while speaking at a panel discussion at the World Economic Forum (WEF) in Davos on Thursday. "[If] the WTO and the global trading system is out of the picture, we're in for the 'Dark Ages,' I guarantee you that," Azevedo said. Azevedo also addressed the fashion in which the rise of populism and nationalism around the globe was introducing setbacks into the international trading system, as politicians would often blame trade as the source for domestic problems. "That's an easy fix. You'll find a foreign problem and you blame it on that when in fact the real problem is domestic," he said. Video ID: 20190124-034 Video on Demand: http://www.ruptly.tv Contact: [email protected] Twitter: http://twitter.com/Ruptly Facebook: http://www.facebook.com/Ruptly
Views: 326 Ruptly
China’s adaption to the world economy through WTO
 
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China’s first white paper on China and the World Trade Organization, and its newly released list for expanded Free Trade Zones, aim to reaffirm continued reform and opening in many sectors. As the global market undergoes complicated changes, China is adapting to the world economic landscape and working hard to contribute to a restructured global value chain. So, what’s the nature of China’s role in the WTO 17 years after entry? What will be the effect of the newly released free-trade list to push for more reforms? And in the big picture, where are global free trade and multilateralism heading, and what changes are coming? Subscribe to us on YouTube: https://goo.gl/lP12gA Download our APP on Apple Store (iOS): https://itunes.apple.com/us/app/cctvnews-app/id922456579?l=zh&ls=1&mt=8 Download our APP on Google Play (Android): https://play.google.com/store/apps/details?id=com.imib.cctv Follow us on: Website: https://www.cgtn.com/ Facebook: https://www.facebook.com/ChinaGlobalTVNetwork/ Instagram: https://www.instagram.com/cgtn/?hl=zh-cn Twitter: https://twitter.com/CGTNOfficial Pinterest: https://www.pinterest.com/CGTNOfficial/ Tumblr: http://cctvnews.tumblr.com/ Weibo: http://weibo.com/cctvnewsbeijing
Views: 2767 CGTN
JEFTA: Why the agreement between Japan and the EU is a big deal
 
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In this episode of Global Japan, you will discover a historic economic partnership agreement between Japan and the European Union. Much more than just a free trade agreement, it goes well beyond the purely economic sphere.… READ MORE : http://www.euronews.com/2018/07/09/jefta-why-the-agreement-between-japan-and-the-eu-is-a-big-deal What are the top stories today? Click to watch: https://www.youtube.com/playlist?list=PLSyY1udCyYqBeDOz400FlseNGNqReKkFd euronews: the most watched news channel in Europe Subscribe! http://www.youtube.com/subscription_center?add_user=euronews euronews is available in 13 languages: https://www.youtube.com/user/euronewsnetwork/channels In English: Website: http://www.euronews.com/news Facebook: https://www.facebook.com/euronews Twitter: http://twitter.com/euronews Google+: http://google.com/+euronews VKontakte: http://vk.com/en.euronews
Views: 5672 euronews (in English)
Comparative Advantage and Terms of Trade -ACDC Econ 1.3
 
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Individuals and countries benefit from trade. Even though it isn't very realistic, simplified examples like this will help you understand the idea of comparative advantage. Make sure to calcite the per unit opportunity cost so you can see which country should specialize in which product. Also, make sure to watch the second half to learn about terms of trade.
Views: 307038 Jacob Clifford
Davos ministers look to free trade for solutions - 1 Feb 09
 
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On the last day of the World Economic Forum, key trade ministers have vowed to push forward international free trade talks and fight protectionism. They say it is the way out of the global economic crisis that has dominated four days of meetings. But other issues were also raised. Al Jazeera's Stephen Cole takes a look at what has been said and achieved.
Views: 1736 Al Jazeera English
G-20 Endorses Benefits of Free Trade
 
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(21 Apr 2017) RESTRICTION SUMMARY: AP CLIENTS ONLY POOL - AP CLIENTS ONLY Washington DC - 21 April 2017 1. Wide of press conference 2. SOUNDBITE: (ENGLISH) Wolfgang Schaeuble, German Finance Minister: "We widely agree that the outlook of the global economy is promising. So the IMF has in fact reduced its forecast for all countries upwards. We also acknowledge there are still some downside weights to the global economy and long term global prospects are modest." 3. Cutaway 4. SOUNDBITE: (ENGLISH) Wolfgang Schaeuble, German Finance Minister: "We also agreed that we have to do more to make growth inclusive. Many people feel that they do not benefit from from growth and globalization and we need to tackle this, otherwise we will see more protectionism and countries retreating from globalism down the road. This means that governments have to strengthen opportunities for people to participate in the advantages of globalization and to overcome poverty. And we need to strengthen key government services that enhance opportunities such as education, security, infrastructure. Germany has well placed in this regard." 5. Cutaway 6. SOUNDBITE: (ENGLISH) Wolfgang Schaeuble, German Finance Minister: "There is no way we could solve our problems without cooperation, be it politically or economically. The G20 is still the best form we do have in this regard. Many things could not have been achieved without the G20, for example the progress we made in financial market regulation, (?) text corporation. Even if we do not produce great breakthroughs every time we meet, small steps are also even more important and proof that we are moving in the right direction and that we work continuosly and efficiently." 7. Cutaway 8. SOUNDBITE: (ENGLISH) Jens Weidmann, Central Bank Governor of Germany: "Economic data released since our last meeting support the view of a gradual strengthening of the global economy, industrial activity and world trade extended marketable around the turn of the year, while economic sentiment appears to have gained even more momentum over the last few months. Both advanced and major emerging market economies are experiencing this upturn in economic activity and international organizations have not revised down their growth projections this time, as this has been the case on previous occasions, for this year the IMF has even revised its global growth forecast up, slightly to 3.5%." 9. Cutaway 10. SOUNDBITE: (ENGLISH) Jens Weidmann, Central Bank Governor of Germany: "However the economic outlook remains subject to several downside risks and the level of political uncertainty is rather elevated. Among the sources of uncertainty are geo-political tensions, rising fears of trade conflicts and other political developments, such as questions about the future relationship between the UK and the European Union." 11. Cutaway STORYLINE: The world's major economies are united in their belief that free trade delivers healthy economic growth. The German finance minister says if more isn't done "we will see more protectionism and countries retreating from globalization." The minister, Wolfgang Schaeuble, spoke with reporters after a meeting Friday of the finance ministers and central bankers of the Group of 20, which represents the world's major economic powers. Germany is chairing the group this year. Schaeuble dodged questions about whether other countries are concerned about the America First trade rhetoric of U.S. President Donald Trump. A day earlier, Trump had announced plans to look into imposing tariffs on steel imports. Instead, Schaeuble stressed widespread agreement on the benefits of free trade. =========================================================== Clients are reminded: You can license this story through AP Archive: http://www.aparchive.com/metadata/youtube/d8f61f85f276ff48ad2152c246d8d36c Find out more about AP Archive: http://www.aparchive.com/HowWeWork
Views: 45 AP Archive
Autarky (Closed Economy*) vs. FreeTrade: Definitions, Explanation/Comparison and Examples
 
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In today's free trade-dominated world, do examples of autarky and closed economies even exist anymore? Well, kind of but not really! The only country that comes close to the definition of a closed economy at this point (as you're about to find out in the video) is still not at 100% when it comes to autarky, with it engaging in some form of international trade... even if not on a huge scale. Could other countries choose to embrace autarky? In theory, sure. Practically speaking however, while some countries do decide to go with autarky-inspired policies when it comes to certain key industries... the economics are just not there when it comes to the closed economy equation as a whole. Through this video, autarky as well as free trade have been defined, explained and compared. Through an easy-to-understand explanation as well as well-chosen examples, you'll understand why free trade is without a doubt the dominant force at this point, whereas autarky and closed economies are good topics for geopolitics classes... but that's pretty much it :) To support the channel, give me a minute (see what I did there?) of your time by visiting OneMinuteEconomics.com and reading my message. Bitcoin donations can be sent to 1AFYgM8Cmiiu5HjcXaP5aS1fEBJ5n3VDck and PayPal donations to [email protected], any and all support is greatly appreciated! Oh and I've also started playing around with Patreon, my link is: https://www.patreon.com/oneminuteeconomics Interested in reading a good book? My first book, Wealth Management 2.0 (through which I do my best to help people manage their wealth properly, whether we're talking about someone who has a huge amount of money at his disposal or someone who is still living paycheck to paycheck), can be bought using the links below: Amazon - https://www.amazon.com/Wealth-Management-2-0-Financial-Professionals-ebook/dp/B01I1WA2BK Barnes & Noble - http://www.barnesandnoble.com/w/wealth-management-20-andrei-polgar/1124435282?ean=2940153328942 iBooks (Apple) - https://itun.es/us/wYSveb.l Kobo - https://store.kobobooks.com/en-us/ebook/wealth-management-2-0 My second book, the Wall Street Journal and USA Today bestseller The Age of Anomaly (through which I help people prepare for financial calamities and become more financially resilient in general), can be bought using the links below. Amazon - https://www.amazon.com/Age-Anomaly-Spotting-Financial-Uncertainty-ebook/dp/B078SYL5YS Barnes & Noble - https://www.barnesandnoble.com/w/the-age-of-anomaly-andrei-polgar/1127084693?ean=2940155383970 iBooks (Apple) - https://itunes.apple.com/us/book/age-anomaly-spotting-financial-storms-in-sea-uncertainty/id1331704265 Kobo - https://www.kobo.com/ww/en/ebook/the-age-of-anomaly-spotting-financial-storms-in-a-sea-of-uncertainty Last but not least, if you'd like to follow me on social media, use one of the links below: https://www.facebook.com/oneminuteeconomics https://twitter.com/andreipolgar https://ro.linkedin.com/in/andrei-polgar-9a11a561
Views: 1083 One Minute Economics
The Economic Case for Free Trade Is Stronger Than Ever
 
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The Economic Case for Free Trade Is Stronger Than Ever: http://reason.com/archives/2018/04/30/the-economic-case-for-free-tra. Thanks for watching, subscribe for more videos. "This is a cultural issue as much as an economic issue," explained Chris Matthews on MSNBC's Morning Joe in March. Matthews and I had been invited to discuss Donald Trump's punishing new tariffs on imported steel and aluminum, a policy Matthews was convinced would resonate with "the retired person in Pennsylvania." After Joe Scarborough teasingly introduced me as a "sophisticate from Boston," one of those guys who has "never done work with their hands," I argued that this was "dumbass economics"—Trump's tariffs will be terrible for Americans, low-skilled workers very much included. Asked to respond, commentator Mike Barnicle acknowledged that I had all the facts on my side but concluded that "loss is the key, and loss triumphs over facts…loss is emotion, loss is nostalgia, and loss sends people to the polls." And that is where we are. The case for protectionism is weaker than at any moment in this century. Neither the Trump administration nor its supporters have any valid economic or national security reason for these tariffs, and even tariff supporters admit it. Still, actual trade policy will get worse in the short run. The current schism on the issue has little to do with economics and everything to do with identity, and the metamorphosis of this debate spells trouble for defenders of the open global economy. The economic arguments in favor of freer trade are pretty darn strong. Free trade permits each economy to focus on its comparative advantage, thereby increasing the productivity of all countries. Expanding the size of the market incentivizes greater economies of scale and technological innovation. Globalization also widens the variety of goods that are available to the ordinary consumer. The Peterson Institute for International Economics estimates that the U.S. economy benefits to the tune of $2.1 trillion every year from trade expansion. (The political arguments—you know, how greater interdependence tends to tamp down the likelihood of war—ain't beanbag either.) That Peterson Institute analysis also notes, however, that "expanded trade results in losers as well as winners, and losers are seldom compensated." And this leads us to an uncomfortable fact: The economic case for free trade in America has taken some serious intellectual hits over the past decade. Paper after paper has been written about the "China shock"—the effect of China's integration into the global economy on the developed world. Before China, when developing countries such as Mexico or South Korea joined the global trading system, there was minimal disruption. None of those countries were all that big. China is, and its membership in the World Trade Organization (WTO) had big effects. Consistent with longstanding economic theory, China's liberalization benefitted capital and hurt labor in the developed world, as Chinese workers suddenly became available as substitutes for union workers in, say, Sc
Views: 0 Dyfu osar
How Trump's Trade Policies May Impact the Global Economy
 
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Nov. 10 -- Philippe Legrain, London School of Economics visiting senior fellow, discusses the ramifications of Donald Trump's trade policies with Bloomberg's Joe Weisenthal, Scarlet Fu and Oliver Renick on "What'd You Miss?"
Views: 12650 Bloomberg
HSC Economics: The Global Economy - Straight Talk on Trade by Dani Rodrik
 
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A summary of this highly relevant and recent book by a world-leading expert on globalisation and trade that will complement and add some nuance to your study of the HSC Economics course, especially chapters 1-3 and 6 of the Dixon text.
Views: 313 Matt Unicomb
International Trade in the 21st Century: The Big Ideas in International Trade | Part one
 
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Ethan Corson and guest Scott Handler kick off our spring discussion group series with a look at the ideological underpinning for U.S. trade policy since the 1940s. Handler previously served as a White House Fellow and special advisor to the U.S. Secretary of Commerce. His work focused on international trade issues including digital trade, promoting entrepreneurship abroad and strategic initiatives. He is currently the chief information security officer and head of partnerships at WireWheel. -- About spring 2019 discussion groups: Once considered an area of bipartisan consensus, support has eroded for the idea that free trade benefits the U.S. and that engagement with the global economy is essential to the nation’s economic growth. An alumnus of the U.S. Department of Commerce and the current executive director of the Kansas Democratic Party, Dole Fellow Ethan Corson leads an exploration of the issues surrounding international trade, including the different approaches taken by recent presidential administrations. Corson and his guests will dissect arguments for and against free trade and provide the historical context for understanding today’s debate. -- The Robert J. Dole Institute of Politics is dedicated to promoting political and civic participation as well as civil discourse in a bipartisan, philosophically balanced manner. It is located on KU’s West Campus and houses the Dole Archive and Special Collections. Through its robust public programming, congressional archive and museum, the Dole Institute strives to celebrate public service and the legacies of U.S. Senators Bob Dole and Elizabeth Dole. More information on all programs, as well as ongoing additions to the schedule, can be found on the Dole Institute’s website, www.doleinstitute.org. -- The Dole Institute provides a forum for discussion, but does not endorse the political positions or personal opinions of its guests.
Richard Toye and Marc Palen discuss The 'Conspiracy' of Free Trade
 
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Following the Second World War, the United States would become the leading 'neoliberal' proponent of international trade liberalization. Yet for nearly a century before, American foreign trade policy was dominated by extreme economic nationalism. What brought about this pronounced ideological, political, and economic about face? How did it affect Anglo-American imperialism? What were the repercussions for the global capitalist order? In answering these questions, The 'Conspiracy' of Free Trade offers the first detailed account of the controversial Anglo-American struggle over empire and economic globalization in the mid- to late-nineteenth century. The book reinterprets Anglo-American imperialism through the global interplay between Victorian free-trade cosmopolitanism and economic nationalism, uncovering how imperial expansion and economic integration were mired in political and ideological conflict. Beginning in the 1840s, this conspiratorial struggle over political economy would rip apart the Republican Party, reshape the Democratic Party, and redirect Anglo-American imperial expansion for decades to come. In this short video, Prof. Richard Toye discusses the book with its author, Dr. Marc-William Palen.
Views: 300 Richard Toye