Category: Globalisation / free trade

We All Buy Slave-Made Products: Here’s How We Avoid Feeling Guilty

“We consume the products of slavery every day. All of us. Today’s globalised supply chains make it is almost impossible to avoid goods or services free of the fingerprints of slavery. […] Our research, based on in-depth interviews with 40 consumers, shows the strategies people use to shrug off feeling guilty about their purchasing decisions.”

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Mercantilism: The Theory that Explains Trump’s Trade War

“The use of tariffs by the Trump administration has confused more than a few leading economists. The policy and the motivations behind them do reflect an economic theory with a long tradition: mercantilism. Understanding mercantilism can help us understand why there is a call for more tariffs, and what might happen to the economy as a result of them.”

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How Free Trade Profits a Nation

In What’s Wrong with Protectionism “Lemieux outlines the protectionist position and confronts it with economic theory and counterevidence. For those looking for concise and empirically informed critiques of common protectionist economic arguments, this book is extremely helpful in accurately summarizing protectionist views and how they don’t square with the economic evidence. The author’s arguments are helped by his refusal to caricature his opponents’ reasoning. He takes them at face value.”

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Can the Free Market End Global Poverty? Nobel Laureate Joseph Stiglitz vs. NYU’s William Easterly

A staggering reduction in global poverty occurred over the last four decades. Across the planet, developing countries large and small, from India to Ghana, have seen astonishing successes in alleviating poverty, exceeding even the most optimistic economic forecasts.

Two of the world’s best-known development economists, Joseph Stiglitz and William Easterly debate how this extraordinary shift happened and whether poor countries need more free markets, or more government.

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Hajj: How Globalisation Transformed the Market for Pilgrimage to Mecca

“As long as they are fit and financially able, the pilgrimage is an obligatory act of worship that followers of Islam owe to God once in their lifetime. […] But until the introduction of modern transport systems, most Muslims beyond the Arab world had little expectation of completing this fifth and final pillar of Islam. […] A look at Hajj-going among British Muslims in an age of globalisation underlines the growing role of the market for religious tourism in shaping the organisation of the pilgrimage.”

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Who Is More Powerful – States or Corporations?

“Our comparison is necessarily crude, but suggests that besides the very largest states, the economic power of corporations and states is essentially on par. This prompted us to try and rethink corporate power in international politics in a recent paper. We argued that globalisation has brought about a global structure in which state power is not the exclusive governing principle anymore.”

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