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 …
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 …
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 …
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. …
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 …
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 …
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 …
Is open trade and investment good for China but bad for the U.S.? The Heritage Foundation’s China Global Investment Tracker has just been updated. Through June 30, it shows over $60 billion in Chinese investment in Latin America. This worries some people. They think that China is gaining economic benefits …
