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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.

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.

[OP-ED]: Trump is but the latest politician to serenade Youngstown

 08/04/2017 - 08:03
It’s no surprise that Trump returned to the familiar theme of demonizing Latino immigrants. The surprise is that he chose to do it in Youngstown of all places -- a city with a minuscule immigrant population, located in a state where the Latino population is just 3.7 percent. EFE

Youngstown again? As an avid spectator of politics, I’ve been hearing about that city in the Mahoning Valley of northeast Ohio for decades. Although it’s home to just 64,000 people, Youngstown gets more than its share of attention from politicians, media, filmmakers, and even a poetic singer/songwriter from Freehold, New Jersey.

[OP-ED]: Postponing the next recession?

 06/30/2017 - 08:37
Economists from the Bank for International Settlements (BIS) in Basel, Switzerland -- a bank for government central banks -- find that the pass-through from wage increases to price increases has weakened. If this is confirmed and continues, it implies that inflation will remain tame for some time even if the economy continues to grow. EFE

This is not your father’s inflation -- and that’s good news. Business cycles often end when higher inflation causes a country’s central bank (the Federal Reserve in the United States) to raise interest rates, slowing the economy and, perhaps, triggering a recession. The good news: The next recession may be delayed, because the Phillips Curve has shifted.

[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.

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.

Plain Text Author: 
Robert J. Samuelson

[OP-ED]: Los falsos pecados de la globalización

 05/17/2017 - 08:22
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.

La globalización adquirió mala fama. La Casa Blanca de Trump la asocia con todo tipo de males económicos, especialmente la pérdida de puestos de trabajo. Dar marcha atrás en los males que ha causado constituye una parte central de su estrategia económica. Esa idea sin duda fracasará y decepcionará, porque los efectos nocivos de la globalización fueron enormemente exagerados.

Plain Text Author: 
Robert J. Samuelson

[OP-ED]: The Return of the center

 02/28/2017 - 15:33

Polls indicate that the far-right candidate, Marine Le Pen, is leading the field of candidates in the first round with about 25 percent of the vote. But in the second round, which pits only the two front-runners against one another, Macron is projected to beat her handily. EFE
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 

By now it is settled wisdom that we are witnessing the rise of radical forces on the left and right around the globe. Populists of both varieties, who share a disdain for globalization, are energized, and certain that the future is going their way. But the center is rising again, even in the heart of the old world.

Plain Text Author: 
Fareed Zakaria

[OP-ED]: In defense of globalization

 01/24/2017 - 14:45
The director general of the World Trade Organization (WTO), Roberto Azevedo, is speaking at a press conference held in the framework of the World Economic Forum that hosts the Alpine city of Davos, Switzerland. EFE

The World Economic Forum this year feels like an exercise in ritual self-flagellation, which -- as with the old Christian practice of fasting and whipping one’s own body -- is supposed to purify the sinful nature of man. The sin, of course, is globalization, which everyone now seems to agree has been lopsided, inequitable, and dangerous. In fact, most of the flaws attributed to globalization are actually mistakes in national policy that can be corrected.

Plain Text Author: 
Fareed Zakaria