Dean Baker, writing on his blog about economics reporting, argues that Washington Post columnist Sebastian Mallaby is confused when writing about free trade.
“Mr. Mallaby argues that the problem with such an approach is that other countries will continue to move ahead with trade deals, from which the United States will be excluded. Okay, what does trade theory say about this scenario? Well, according to most trade models, if other countries work out deals that make their economies stronger, while the U.S. is sitting on the sidelines, then the United States is better off than if they didn’t work out deals. In general, standard trade implies that the United States economy is helped by anything that helps the economies of our trading partners.
“In other words, if Mallaby understood his own religion better, he would know that he is actually weakening the argument against a ‘strategic pause.'”
Read more here.Â
Business Insider's Tola Onanuga has joined Yahoo Finance in the United Kingdom as its homepage editor. She…
The Logic managing editor Jordan Timm sent out the following: I’m excited to announce that James…
The Upstate Business Journal in South Carolina has rolled out a redesign. Sherry Jackson, vice…
STAT News has named Lizzy Lawrence its FDA reporter, leading coverage of the preeminent food…
The Dallas Morning News is searching for an intrepid and curious breaking news business reporter…
BBC has hired Lily Jamali as its North America tech correspondent, based in San Francisco.…
View Comments
Here I am commenting years later, but I am doing research into Mallaby after his recent labelling of naked shortsellers in the GME saga "the good guys." It seems his incompetence in defining free trade continues into 2021.