Trade

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…

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 cris…

Trade Is the Best Aid for Africa

The 48 countries south of the Sahara desert in Africa make up the most impoverished and diseased region of the world. Although wealthy countries have poured more than $450 billion of development assis…

Trade and Economic Growth, Part II

The period between 1950 and 2000 was the greatest half-century in human history in terms of the improvement of economic conditions and the betterment of life for the great majority of people. The last…

Trade and Economic Growth, Part I

International trade - the essence of globalization - benefits the world economy as a whole. It allows people, regions and nations to specialize in the production of what they do best, to enjoy the eco…

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.
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…
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 bureaucrat…