The Export-Import Bank plays a useful role in sustaining a truly global marketplace in which firms compete based on productivity and service, without being subject to the frills of fussy governments. It deserves to be reauthorized.
Few hard facts are available in the outside world on the economy of North Korea. Consequently, analyses of the DPRK economy often take place in a sort of data-free vacuum. There is, however, one relatively reliable source for an aspect of North Korean economic performance, and its data suggest that the DPRK is more dependent upon politically supported trade today than it has been for decades.
Please join Representative Charles Boustany Jr. (R-LA), veteran of the House Subcommittee on Trade, as he presents the issues at hand in the coming trade debates.
President Obama will leave Japan without a vital trade deal. Instead, TPP talks now look like they could drag on indefinitely, with no real deadline to push the parties forward. TPP is a microcosm of a larger failure: lack of political courage in Tokyo has long contributed to economic stagnation, and now the same thing is starting to occur in Washington.
Failure of the US to continue to lead in a successful conclusion of the TPP will likely destroy the possibility of a broader US-led and -anchored Trans-Pacific regional economic structure.
Consumers need to ask why trade policy has been rigged against them for decades and how they can have more of a voice in the public debate over trade. Unless that happens, policy makers and trade negotiators will continue to promote the misguided view that trade is all about producers' interests.
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