by On his blog, Dani Rodrik comments on NAFTA’s implications for US manufacturing and jobs. So here is the overall picture that these academic studies paint for the U.S.: NAFTA produced large changes in trade volumes, tiny efficiency gains overall, and some very significant impacts on adversely affected communities. … Mexico has been one of Latin America’s underperformers. So is Trump deluded on NAFTA’s overall impact on manufacturing jobs? Absolutely, yes. Was he able to capitalize on the very real losses that this and other trade agreements produced in certain parts of the country in a way that Democrats were unable to? Again, yes.
Topics:
Dirk Niepelt considers the following as important: 2016 Election, employment, Income distribution, North American Free Trade Agreement, Notes, trade, Unemployment, United States
This could be interesting, too:
Dirk Niepelt writes “Report by the Parliamentary Investigation Committee on the Conduct of the Authorities in the Context of the Emergency Takeover of Credit Suisse”
Marc Chandler writes Sterling and Gilts Pressed Lower by Firmer CPI
Marc Chandler writes Geopolitics Roil Capital Markets
Marc Chandler writes CSI 300 Drops 7%, Oil Steadies, and the US Dollar Remains Firm
On his blog, Dani Rodrik comments on NAFTA’s implications for US manufacturing and jobs.
So here is the overall picture that these academic studies paint for the U.S.: NAFTA produced large changes in trade volumes, tiny efficiency gains overall, and some very significant impacts on adversely affected communities.
… Mexico has been one of Latin America’s underperformers.
So is Trump deluded on NAFTA’s overall impact on manufacturing jobs? Absolutely, yes.
Was he able to capitalize on the very real losses that this and other trade agreements produced in certain parts of the country in a way that Democrats were unable to? Again, yes.