« We are all geeks at heart | Main | Majority of Americans favor a guest worker program »

May 24, 2007

Comments

dissent

How is this different from "a race to the bottom"?

conchis

Or, more importantly, how is it worse than the situation without trade?

James Galbraith

It's a good newspaper story but I would not say the same of the data presented in the charts alongside.

Inequality in Mexico surely did not decline after NAFTA. The peso crisis of 1995, and inequality falls? I don't think so. Currency crises hit the real incomes of the poor (food prices go up) but not the real incomes of exporters (the peso value of exports just rises). The effect on inequality is large, easily measured and incontrovertible. Why it's absent from the World Bank data is a mystery.

As for the interesting figure on Korea, it clearly shows the pitfall of *financial* liberalization, which led to the Asian crisis. The debacle of 1997 had nothing to do with trade.

JG

Anamolous

I am almost 100% sure most WSJ readers would be surprised to hear this. A very smart WSJ reporter once told me that their masthead should read "All the news that fits our views".

Everyone I know who has worked with them agrees. They are the business lobby's "Pravda".

Justin

It isn't news, but it certainly does call into question mainstream economic theory about how trade liberalization was supposed to decrease inequality between the skilled and the unskilled in the developing world. Unfortunately, the economists who peddled those arguments have never really been taken to task.

rolex watches

People usually say :"Seeing is believing." http://www.tt88times.com
Each attempt has a corresponding gain, in part or obvious, or vague. At least we have the kind of satisfaction After I bought this watch ,in a sense,it means a great deal to me. http://www.fashionhairfu.com

pizza

What is the mean of
"a race to the bottom"?

mbt shoes

I am a senior student too, I Love this post as i love study english, This article is to my feelings, thanks for your sharing, hoping to see more useful content.

Moncler

I like these articles , democratic countries formulate policies are both team and the interests of the people of power, but the undemocratic countries rarely for the interests of the people

Account Deleted

raf

Thanks a lot for sharing.

Account Deleted

Raf
raf

Thanks to you ...

Account Deleted

What about the differences in skill intensities across industries? The job losses in the relatively unskilled-labor intensive battery industry should have little effect on the relatively skilled-labor intensive machinery
sexshop online

Account Deleted

Thanks for sharing your article. I really enjoyed it. I put a link to my site to here so other people can read it
sexyshop

Account Deleted

Many places and centers offer business and trade promotions to both buyers and supplier
sexshop

DjNasir

These stories are very common, so I am not looking too much into this. I usually follow what this blogs say, as that helps me most. I don’t have to take much stress or tension because of OctaFX broker, as they also helps a lot especially with the huge cash back facility where I get 15 dollars from just one lot size trade, it helps me so much more to perform at my best without having to take much fear at all.

Verify your Comment

Previewing your Comment

This is only a preview. Your comment has not yet been posted.

Working...
Your comment could not be posted. Error type:
Your comment has been posted. Post another comment

The letters and numbers you entered did not match the image. Please try again.

As a final step before posting your comment, enter the letters and numbers you see in the image below. This prevents automated programs from posting comments.

Having trouble reading this image? View an alternate.

Working...

Post a comment

Your Information

(Name is required. Email address will not be displayed with the comment.)