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    Free Trade Twist: China No Longer Cheapest Labor

    As wages in China rise with economic growth, some companies are beginning to look elsewhere for what was once China’s selling point: cheap labor. It just highlights the power that free trade provides—growing economies and raising living standards. Consider that wages in China are five times greater than they were … More

    Upstate South Carolina: A Case Study in Free Trade Benefits

    Greenville, South Carolina, is the ninth-fastest growing city in the United States, according to CNN Money. Two of the main contributors to this rapid growth are trade liberalization (free trade) and foreign direct investment. The upstate of South Carolina, which includes the city of Greenville and small towns of Spartanburg … More

    Rotten Tomato Trade Policy from the Obama Administration

    U.S. consumers will soon be paying more for tomatoes thanks to the Obama Administration’s new trade policy. Under a just-announced agreement with Mexico, Americans reportedly will be paying up to twice as much for tomatoes grown in Mexico. The increase is entirely due to minimum prices imposed by the Obama … More

    Free Trade Comes to Central Asia

    Heirs to the ancient traders of the Silk Road, rejoice! If all goes according to plan, Tajikistan, Kazakhstan, and Turkmenistan will join the World Trade Organization (WTO) in 2013, connecting the lonely highlands and steppes of Central Asia with the markets of the 157 WTO members. The accession of these … More

    Politicians Should Listen to Economists on Free Trade

    On February 8, the government will release data for 2012 imports and exports. This annual release often ignites a debate about trade policy. But among economists, there’s not much debate over the benefits of free trade. The University of Chicago’s Booth School of Business regularly surveys economic experts. Last year, … More

    Foreign Aid: There Are Many Ways Conservatives Can—and Should—Help the Poor

    Daniel Hannan, a member of the European Parliament and one of Great Britain’s rising conservative political stars, reminds us that the fundamental error of the left is its “elevation of motive over outcome.” This leads to development assistance policies that are at least doomed to fail and may actually increase … More

    President Reagan on Trade, Peace, and Prosperity

    As President Obama crafts his 2013 trade agenda, he should look to the words of Ronald Reagan for inspiration: Free trade serves the cause of economic progress, and it serves the cause of world peace. When governments get too involved in trade, economic costs increase and political disputes multiply. Peace … More

    Message to Obama Council: Economic Freedom Leads to Global Development

    The new crop of nominees for President Obama’s Global Development Council need look no further than The Heritage Foundation’s just-published 2013 Index of Economic Freedom for inspiration. When the President announced the creation of the council last year, its stated purpose was to provide guidance on new developments and ideas … More

    Trade Deficit Increase Not Necessarily a Bad Thing

    The U.S. Bureau of Economic Analysis (BEA) announced today that imports and exports both declined in October while the overall trade deficit increased. Reactions to the BEA report were misleading. For example, the Associated Press reported: “A wider trade deficit acts as a drag on growth.” In fact, U.S. trade … More

    U.S. Should Export Natural Gas

    A long-awaited report on natural gas exports was finally released by the Department of Energy (DOE) last week. Unsurprisingly, it concluded that exporting natural gas would bring a net economic benefit to the U.S. economy, with most benefits being realized as economies of scale in gas production increase. With the … More