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Publications -- Trade

Sep 11, 2008	BA #632 – Economic Benefits of the U.S.-Colombia Free Trade Agreement A free trade agreement commits two or more countries to reduce mutual trade barriers — tariffs, quotas and so forth. Such agreements give both countries' products an advantage in each other's markets relative to imports from other countries.
Jun 16, 2008	BA #619 – The Economic Benefits of NAFTA to the United States and Mexico Prior to the 1980s, high import tariffs and quotas characterized Mexico's international trade policy, along with restrictions on foreign investment and ownership. But following a severe economic crisis in the early 1980s, the country began liberalizing its protectionist policies. In the years since, Mexico has implemented 11 free trade agreements — with the European Union, countries in South and Central America, Japan and, most importantly, the United States and Canada.
Mar 31, 2008	ST #309 – Economic Freedom and the Trade-off between Inequality and Growth One of government's biggest challenges is to develop policies that raise the standard of living in a society without creating large income gaps between the rich and poor. But to a great extent, raising living standards and redistributing income are mutually exclusive goals.
Jan 14, 2003	BA #427 – Should We Trade With Cuba? The U.S. embargo on Cuba was instituted in 1961 to overthrow Fidel Castro and neutralize the threat his regime posed by blocking all trade, except in food and medicine.
Aug 15, 2002	BA #413 – The Farm Bill: A Twice-Baked Potato The $190 billion Farm Security and Rural Investment Act of 2002, passed by Congress and signed by President Bush, was a big mistake. While the Farm Act may serve farmers in the short run, it will harm them and many others over time.
Jun 11, 1999	BA #294 – Off Target with Gun Controls In the emotional aftermath of recent school shootings, the Clinton Administration and Congress want to "do something" about these extremely rare events, even though preventing them is beyond the power of the federal government. The U.S. Senate passed S. 254, the Juvenile Accountability Act, last month and the House will consider similar legislation in June. The 648-page Senate bill includes a range of provisions, among them new controls on firearms. However, none of the proposed rules would have prevented the massacre in Colorado or any other past school shooting, nor would they do anything to prevent future incidents. Here is a look at some of the provisions.
Nov 25, 1994	BG #135 – Two Cheers For GATT One purpose of the GATT is to limit the power of U.S. politicians over the choices of American consumers. The agreement seeks to protect trade from exploitative politicians and heavy-handed bureaucrats. Since the GATT must be ratified by politicians, it will certainly be far from perfect. Yet the real question is whether people will have more or less freedom with the GATT. The answer is, they will have more.
Nov 15, 1993	BG #130 – The Case For NAFTA The North American Free Trade Area (NAFTA) agreement would phase out all tariffs and most nontariff barriers between the United States, Mexico and Canada. The most surprising thing about NAFTA is that there is any controversy surrounding it. Both economic theory and centuries of empirical evidence support the conclusion that free trade means prosperity for all involved.