economist

[OP-ED]: Trump’s NAFTA delusion

 06/16/2017 - 08:41
El presidente mexicano, Enrique Peña Nieto agradeció la visita de la canciller alemana, Angela Merkel, en un "momento crucial" y destacó la visión compartida de ambos países en democracia, libre comercio, medio ambiente y derechos humanos. EFE
English

The Trump administration is determined to renegotiate the North American Free Trade Agreement (NAFTA) -- which created a single market from Mexico’s southern border to the Yukon -- but the main political appeal of this policy rests on a popular myth: that “fair” trade requires the United States to have a surplus or balanced trade with both Mexico and Canada.

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Friday, June 16, 2017 - 8:15am
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Mexican President Enrique Peña Nieto thanked the visit of German Chancellor Angela Merkel at a "crucial moment" and highlighted the shared vision of both countries in democracy, free trade, environment and human rights. EFE

[OP-ED]: What really happened to coal?

 06/12/2017 - 08:58
Even if environmental regulation and climate change didn’t exist, the coal industry would have faced intense pressures to change and adapt. Government isn’t killing the coal industry. “Progress is the culprit,” concludes Kolstad’s study.
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 The coal-mining jobs that President Trump thinks were destroyed by government regulation -- adopted to combat air pollution and global warming -- were actually lost to old-fashioned competition from other American firms and workers. Eastern coal mines lost market share to Western coal, which was cheaper. And natural gas grew at coal’s expense because it had low costs and lower greenhouse gas emissions.

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Monday, June 12, 2017 - 8:45am
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Even if environmental regulation and climate change didn’t exist, the coal industry would have faced intense pressures to change and adapt. Government isn’t killing the coal industry. “Progress is the culprit,” concludes Kolstad’s study.

[OP-ED]: ¿Qué pasó realmente con el carbón?

 06/12/2017 - 08:50
Si las regulaciones del medio ambiente y el cambio climático no existieran, la industria del carbón habría recibido intensas presiones para cambiar y adaptarse. El gobierno no está matando la industria del carbón. “El progreso es el culpable,” concluye el estudio de Kolstad.
Spanish

Los puestos en las minas de carbón que, según el presidente Trump, fueron destruidos por las regulaciones del gobierno—adoptadas para combatir la contaminación y el calentamiento global—se perdieron, en realidad, debido a la tradicional competencia con otras empresas y trabajadores. Las minas de carbón del Este perdieron su porción del mercado porque el carbón del Oeste, que era más barato, se la llevó. Y el gas natural creció a expensas del carbón porque tenía costos bajos y emisiones de gases de invernadero más bajas.

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Monday, June 12, 2017 - 8:45am
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Si las regulaciones del medio ambiente y el cambio climático no existieran, la industria del carbón habría recibido intensas presiones para cambiar y adaptarse. El gobierno no está matando la industria del carbón. “El progreso es el culpable,” concluye el estudio de Kolstad.

Latin America doubles students in higher education, but inequality persists

 05/18/2017 - 06:02
 Students during a public event in Mexico City, Mexico, on May 3, 2017. EFE/Jorge Nuñez

The increase in students, who currently number 20 million in the region, has benefited Latin America in terms of young people coming from lower and medium socioeconomic environments. But challenges persist, including the high dropout rate and the connections to the labor market, according to World Bank report.

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Posted Date: 
Thursday, May 18, 2017 - 6:00am
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EFE
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 Students during a public event in Mexico City, Mexico, on May 3, 2017. EFE/Jorge Nuñez

[OP-ED]: Globalization’s false sins

 05/17/2017 - 08:26
Las importaciones a menudo son más baratas que los productos norteamericanos, ayudan especialmente a las familias de bajos ingresos, cuyos presupuestos constan de más productos manufacturados, donde el descenso de los precios fue agudo.
English

Globalization has gotten a bad rap. The Trump White House associates it with all manner of economic evil, especially job loss. The administration has made undoing the damage a central part of its economic strategy. This will almost certainly fail and disappoint, because globalization’s ill-effects have been wildly exaggerated.

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Wednesday, May 17, 2017 - 8:00am
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Robert J. Samuelson
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Imports are often cheaper than U.S. products. Think clothes, shoes, consumer electronics. Trade especially aids lower-income households whose budgets are weighted toward manufactured products, where price declines have been steep.

Why EPA has dismissed half of its key board’s scientific advisers?

 05/10/2017 - 04:10
Scott Pruitt, the EPA administrator, has chosen not to renew the terms of nine of the 18-member board of scientific counselors, which advises the EPA on the quality and accuracy of the science it produces. Photo: Wikipedia
English

Nine scientists have been dismissed from the EPA’s 18-person Board of Scientific Counselors—ostensibly to include more voices from regulated industries, though the scientists say their work was apolitical and did not involve regulations. The US government has also postponed an important meeting scheduled for Tuesday to determine whether the country should or should not withdraw from the Paris Agreement on climate change, a matter that President Donald Trump promised to decide this month.

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Wednesday, May 10, 2017 - 3:30am
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Scott Pruitt, the EPA administrator, has chosen not to renew the terms of nine of the 18-member board of scientific counselors, which advises the EPA on the quality and accuracy of the science it produces. Photo: Wikipedia

[OP-ED]: Who loves free trade? We do -- sometimes

 04/21/2017 - 08:16
Outgoing Governor of the Bank of Mexico, Agustin Carstens (i), along with Brookings Institute of Economic Studies expert David Wessel (d) speak at a conference organized by the Brookings Institution in Washington, DC. Carstens said today that the renegotiation of the North American Free Trade Agreement (NAFTA) requested by the US Can offer a win-win situation for all member countries. EFE
English

Everyone “knows” that Americans have soured on free trade and globalization, as President Trump keeps saying. 

Posted Date: 
Friday, April 21, 2017 - 8:00am
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Plain Text Author: 
Robert J. Samuelson
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Outgoing Governor of the Bank of Mexico, Agustin Carstens (i), along with Brookings Institute of Economic Studies expert David Wessel (d) speak at a conference organized by the Brookings Institution in Washington, DC. Carstens said today that the renegotiation of the North American Free Trade Agreement (NAFTA) requested by the US Can offer a win-win situation for all member countries. EFE

[OP-ED]: ¿A quién le gusta el libre comercio? A nosotros—a veces

 04/21/2017 - 08:14
 El Gobernador saliente del Banco de México, Agustin Carstens (i), junto al experto en Estudios Económicos del Instituto Brookings David Wessel (d) hablanen una conferencia organizada por el centro de estudios Brookings Institution en Washington, DC (EEUU). Carstens, dijo hoy que la renegociación del Tratado de Libre Comercio de América del Norte (TLCAN) que pide EE.UU. puede ofrecer una situación beneficiosa para todos los países miembros. EFE
Spanish

Todo el mundo “sabe” que los norteamericanos están más reacios al libre comercio y la globalización, tal como lo repite el presidente Trump.

Posted Date: 
Friday, April 21, 2017 - 8:00am
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Plain Text Author: 
Robert J. Samuelson
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 El Gobernador saliente del Banco de México, Agustin Carstens (i), junto al experto en Estudios Económicos del Instituto Brookings David Wessel (d) hablanen una conferencia organizada por el centro de estudios Brookings Institution en Washington, DC (EEUU). Carstens, dijo hoy que la renegociación del Tratado de Libre Comercio de América del Norte (TLCAN) que pide EE.UU. puede ofrecer una situación beneficiosa para todos los países miembros. EFE

What to expect from Ecuador’s new president

 04/19/2017 - 03:51
Members of Ecuadorian military forces guard electoral packages of the second round of the last presidential elections in Quito, Ecuador, on 18 April 2017. EFE/Jose Jacome

Ecuador"s National Electoral Council (CNE) kicked off the recount of more than 1.2 million of the votes cast during the presidential election last April 2 that pitted the ruling party"s Lenin Moreno against opposition candidate Guillermo Lasso to choose the successor to President Rafael Correa.

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Wednesday, April 19, 2017 - 3:45am
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Members of Ecuadorian military forces guard electoral packages of the second round of the last presidential elections in Quito, Ecuador, on 18 April 2017. EFE/Jose Jacome

[OP-ED]: How to fix airline overbooking

 04/17/2017 - 08:24
Geoff Fearns, un pasajero con billete en primera clase para hacer el trayecto entre Hawai y California la semana pasada, asegura que fue amenazado por United Airlines con ser esposado si no abandonaba el vuelo por otro suceso de sobreventa de pasajes, informó el diario Los Angeles Times. EFE
English

There are lots of public policy problems that, even with the best of political goodwill, cannot be easily solved. They’re just inherently tough. Fixing airline overbooking is not one of them.

Posted Date: 
Monday, April 17, 2017 - 8:15am
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Plain Text Author: 
Robert J. Samuelson
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Geoff Fearns, a passenger with a first-class ticket to make the trip between Hawaii and California last week, claims that he was threatened by United Airlines with being handcuffed if he did not leave the flight due to another event of ticket oversold, Los Angeles Times. EFE

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