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Articles & Blogs on Globalization & Free Trade

Hand-picked for you from around the web + original content published just on the Moral Markets site

The Trouble with “Buying Australian”

““Buy Australian” has been the catchcry from many in politics, business, trade unions and industry bodies for as long as I can remember, and Covid-19 has upped the ante. But while many groups advocate Buy Australian, one group is conspicuously absent: economists. The reason for this is counterintuitive: Buy Australian doesn’t help Australians, it hurts them, and particularly the most disadvantaged.”

International Trade Has Cost Americans Millions of Jobs. Investing in Communities Might Offset Those Losses

“Economists generally support ‘people-based’ over ‘place-based’ policies and investments. The rationale is that it’s more important to invest in workers rather than bolster a place where workers live. Economists would argue that directing public funds into regions doing poorly is akin to wasting money. The logical outcome of such policies is that towns that have lost their economic base are allowed to shrink while other economies take their place.”

How We Can Protect Our Farmers and Promote Free Trade

“there is a solution here where the UK can both protect farmers and execute a trade policy which allows them to be competitive on global markets. To do so means asking what it is we should be protecting them from, and we should, in answering that question, come up with a set of holistic solutions. The Department for International Trade’s newly formed Trade and Agriculture Commission, on which I sit, is an excellent opportunity for constructive engagement to solve these issues and find common ground among stakeholders.”

GLOBALIZATION & FREE TRADE – Six Online Courses

Part 10 of 9 in series "Online courses per topic"

The future of globalization and free trade has become a hot topic of discussion ever since the COVID-19 outbreak. In this post a number of courses to learn more about globalization and free trade from a variety of (disciplinary) perspectives, plus a course on how local economic development can be achieved in a globalized world.

Tea and Capitalism

“The story of Asia has been fundamental to the transformation of the global political economy since the late-20th century, but it has often been marginalised in accounts of neoliberal capitalism that focused on a handful of intellectuals in Euro-America. In turn, these accounts struggle to make sense of the rise of China, without a deeper understanding of how the history of capitalism has long been intertwined with the region.”

Making the Best of a Post-Pandemic World

“All three – greater government action, retreat from hyper-globalism, and lower growth rates – predate the pandemic. And while they could be viewed as posing significant dangers to human prosperity, it is also possible that they are harbingers of a more sustainable, more inclusive global economy.”, says economist Dani Rodrik.

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