Trade

Pacific Alliance Looks East

After several failed attempts at regional integration, the countries of Chile, Colombia, Mexico and Peru formed the Pacific Alliance in 2011. The new coalition is focused on common economic objectives…

India’s Weak Patent Rights Hurt U.S. Pharmaceutical Trade

India is one of the top global leaders in the generic pharmaceutical drug market. The third largest drug producer in the world, India is also the second largest exporter of generic drugs to the United…

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.