World Trade

Hidden Face of Globalization video

Factory of the World video - Kristof, New York Times.

Chomsky on "Globalization".

"Globalisation is Good" video

Naomi Klein of "No Logo" fame video

Here's a thoughtful piece on the impact of NAFTA from the Council of Foreign Relations.

Dynamic Effect of Tariff Reduction

It's easy to show that eliminating barriers to trade provide a net benefit to both trading partners. However, introductory economics doesn't look at the dynamic (time-related) effects. What happens if tariff elimination initially results in low-priced imports irreversibly drive domestic producers out of business, but then rising world prices make domestic consumers wish they still had domestic production?

Free Trade and Employment

Lansing' Michigan major says that the backers of free trade have sold out the American worker.

Do Deficits Matter?

Here's a view from the IMF.