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    Morning Bell: Let's Be Honest About Outsourcing

    Both candidates in the presidential race have been accusing the other of “outsourcing.” It’s one of those words that is loaded with negative meaning, implying that the perpetrator is un-American. But does America have an outsourcing problem? What is popularly referred to as “outsourcing” is the practice of offshoring business … More

    The U.N. Speaks: The Arms Trade Treaty Will Affect "Legally Owned Weapons"

    Yesterday, the U.N. released its press kit for the July conference that will finalize the U.N. Arms Trade Treaty (ATT). The most interesting item in the kit is a lengthy paper by the U.N.’s Coordinating Action on Small Arms (CASA) program titled “The Impact of Poorly Regulated Arms Transfers on … More

    How Trade Agreements Can Promote U.S. Constitutional Values

    The United States is currently engaged in a trade negotiation known as the Trans Pacific Partnership (TPP) with eight other Pacific Rim countries. Public Citizen recently posted a leaked draft of the agreement’s proposed language on international investment. If the information they posted is accurate, it’s good news for those … More

    Trade Protectionism Is Clogging the World's Economic Arteries

    In its latest joint report with the Organization for Economic Cooperation and Development and the United Nations Conference on Trade and Development, the World Trade Organization (WTO) issued sharp warnings on global trade restrictions: The past seven months have not witnessed any slowdown in the imposition of new trade restrictions. … More

    Is the Trade Deficit a Drag on the U.S. Economy?

    Popular opinion demonizes the U.S. for importing more goods than it exports, or running a “trade deficit.” This view maintains that the trade deficit is costing jobs and slowing economic growth. “The $600 billion annual deficit is the most significant barrier to achieving a robust economic recovery and creating jobs,” … More

    A New Trend on Trade in North Carolina

    North Carolinians, like many Americans, are concerned that opening the door to foreign companies will result in the loss of jobs, hurting the economic livelihood of the state and its residents. North Carolina’s elected officials have reflected their concerns on free trade through their voting patterns. Both the voters and … More

    China Not Yet Rebalancing

    China has the world’s second-largest GDP, the world’s largest monetary base, and the world’s largest foreign exchange reserves. Its large internal and external economic imbalances can matter a great deal to the global economy. There are claims China is now rebalancing. It isn’t. Claims of rebalancing are based on the … More

    Chart of the Week: Crony Capitalism Leads to Higher Sugar Prices

    Sugar producers contribute only a small percentage of value to overall U.S. crop production, yet the industry continues to reap the rewards from government thanks to a significant lobbying presence and sizable campaign donations. The result is government interference in the sugar market, which dates to the 1930s Depression. American … More

    Trade Deficit Increases. . . or Does It?

    The U.S. Bureau of Economic Analysis (BEA) just announced that the country’s current account deficit for 2011 was $473.4 billion. This number includes transactions like exports and imports. Cue the “sky is falling” headlines. However, the BEA did not point out that the overall U.S. international transactions deficit was $0. … More

    KORUS FTA—Finally!

    March 15 marked the official start of the landmark Korea–U.S. Free Trade Agreement (KORUS FTA). Yes, it’s been a long journey. Almost six years ago, Washington and Seoul announced their intention to negotiate a free-trade pact. Critics were skeptical, yet the announcement was greeted as a welcome surprise. Despite their … More