Utopia, you are standing in it!

Celebrating humanity's flourishing through the spread of capitalism and the rule of law

What did Australia do wrong to have the worst ranking of the high income countries for doing business across borders. New Zealand is not much better. The British are not benefiting as much as they could from the common market. Being in continental Europe must have advantages except if your Germany. Source: Historical Data – …

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Source: “Free Trade Agreements and the Consolidation of Democracy” (April 2014) American Economic Journal: Macroeconomics. American Economic Association.

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Source: CONVERSABLE ECONOMIST: A Fundamental Shift in the Nature of Trade Agreements

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Trade diversion occurs when preferential trading agreements cause imports to shift from low cost countries to higher cost countries. Rather than gaining tariff revenue from inexpensive imports from world markets, a country may import expensive products from member countries but not gain any tariff revenue. An example of trade diversion is when Britain closed its …

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Despite all the passions about the TPPA, the correct starting post for an economist on regional trade agreements is lukewarm opposition. That is the position of Paul Krugman. Paul Krugman summarised the TPPA well recently from a standpoint of a professional economist: I’ve described myself as a lukewarm opponent of the Trans-Pacific Partnership; although I don’t …

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https://twitter.com/TPPMediaMarch/status/692055631579185152 so @TPPMediaMarch @fuller_derek @occupySYDNEY @ItsOurFutureNZ didn't notice global poverty drop of 2/3rds since 1990https://t.co/mFX7F0LRMG — Jim Rose (@JimRose69872629) January 29, 2016 If George Bush had not won the 2000 presidential election, Paul Krugman would have taken over as the best communicator of economics since Milton Friedman. Instead, he became patient number no.1 of George …

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