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    Don't Do Business With Poor People? New York Times Readers Disagree

    A recent New York Times online report suggested that Americans should quit buying products made by poor people—because when people in the United States buy coffee, sugar, t-shirts, or tomatoes, they are guilty of exploiting impoverished workers. The story quoted the executive director of a group called Art Works Projects: … More

    Freer Trade, Greater Prosperity

    Some critics of free trade say that trade agreements just help the “rich” get richer while making the “poor” poorer, but in fact, free trade benefits everyone. Looking at data from The Heritage Foundation’s 2012 Index of Economic Freedom, Heritage’s Bryan Riley and Ambassador Terry Miller found that the benefits … More

    In Pictures: What Are the Benefits of Free Trade?

    Now that Congress has passed free trade agreements with Columbia, Panama and South Korea, it’s a good time to ask why the United States should support and expand free trade. The chart below shows that the benefits of free trade are hard to deny. Countries that have more trade freedom … More

    Morning Bell: Free Trade Agreements Are A Win for Prosperity

    Free trade agreements (FTAs) have economically benefited nations the world over since their inception. Poverty rates in countries with low trade barriers are significantly lower, and data in The Heritage Foundation’s Index of Economic Freedom demonstrate that free trade also leads to higher incomes, more jobs, and greater equality. That’s … More

    India and China Enhance Economic Ties Amidst Growing Maritime Tension

    The most recent reminder of the complex relationship dynamics between India and China was the first “Strategic Economic Dialogue” that took place last week. The diplomatic relationship between India and China has been less than warm in the last few years, with simmering border disputes and recent disagreements over China’s … More

    Trade Deficit Decrease May Reflect Weak Economy

    Today the U.S. Bureau of Economic Analysis announced that the trade deficit for July fell by $6.8 billion. Exports increased by $6.2 billion and imports decreased by $500 million. Historically, decreasing trade deficits are often a sign of economic weakness. When workers are unemployed, they have less money to spend. … More

    The Philippines and China: The Elephant in the Room

    President Benigno Aquino of the Philippines arrived in Beijing today to commence a five-day state visit to China. The trip has been slated as a goodwill mission aimed at repairing strained relations and increasing economic ties between the two nations. President Aquino, leading a delegation of some 200 Philippine business … More

    Foreign Investment Creates Jobs in the United States

    America’s bleak jobs picture would be even worse if not for foreign direct investment (FDI) in the U.S. economy. FDI in U.S. factories and property offers firms a source of new technologies, capital, products, and organizational skills, and it fuels economic growth. Most importantly, FDI creates jobs. According to the … More

    How Free Trade Helps Employment and the Economy

    Since 1989, the United States has enacted numerous free trade agreements with countries around the world. These agreements have increased trade, improved international relations, and strengthened the U.S. economy. But don’t let the facts stop a good political fight. The North American Free Trade Agreement (NAFTA), enacted in 1993, inspires … More

    Argentina: Cristina Ramps Up Protectionism

    Milton Friedman once said that “there is no alternative way, so far discovered, of improving the lot of the ordinary people that can hold a candle to the productive activities that are unleashed by a free enterprise system.” For most people in the world, this is a convincing argument. Not, … More