represent two-thirds of the total value of all exports
as conventionally defined.
This is just to say that the free trade versus protectionism debate is
really irrelevant from the point of view of the American working class, and
if any thing, they benefit from free trade.
Jurriaan
The Guardian commented recently: Nowhere is the anti-American mood sweeping
Europe better exemplified than in trade. The US is at the receiving end of a
series of escalating rows that threaten to spiral into a trade war.
Arguments about steel, GM foods and subsidies paid to US multinationals are
[last paragraph...]
Senate defeats worker benefit amendments to trade fast-track bill
Tue May 21, 4:27 PM ET
By JIM ABRAMS, Associated Press Writer
WASHINGTON - With the White House waiting impatiently, the Senate voted down
amendments Tuesday that
would have complicated passage of a major
So, the democrats will give it to Georgie. One question. May Nathan knows. Does the
Kerry ammendment
mean that anybody (including US corps) can push such suits or that nobody can? If the
former, it is a
step backward.
--
Michael Perelman
Economics Department
California State University
- Original Message -
From: michael perelman [EMAIL PROTECTED]
To: [EMAIL PROTECTED]
Sent: Tuesday, May 21, 2002 7:53 PM
Subject: [PEN-L:26165] Re: TPA and the new protectionism
So, the democrats will give it to Georgie. One question. May Nathan
knows. Does the Kerry ammendment
On Mon, 13 May 2002, Michael Perelman wrote:
Theoretically speaking, how does a deteriorating fiscal position lead
to a strong dollar?
deficits = high interest rates = strong dollar.
That makes perfect sense. Except how come for all other countries,
growing deficits lead to weaker
Subject: [PEN-L:26008] Re: Protectionism US style
On Mon, 13 May 2002, Michael Perelman wrote:
Theoretically speaking, how does a deteriorating fiscal position lead
to a strong dollar?
deficits = high interest rates = strong dollar.
That makes perfect sense. Except how come
Romain Kroes wrote:
I have already answered this pertinent question. The asymmetry is due to
the
status of dollar as the wolrld account unit of debt. So that the USA are
the
only ones paying their debt with their debt.
Why does the world continue to accept debt payment in dollars? I remember
Ulhas writes:Why does the world continue to accept debt payment in dollars?
I remember De
Gaulle refusing dollars and demanding payment in gold in '60s.
because the U.S. is the most powerful country in the world and in the era
since 1971-73, money based on political-military power has replaced
Ulhas Joglekar wrote:
Why does the world continue to accept debt payment in dollars? I remember
De
Gaulle refusing dollars and demanding payment in gold in '60s.
During the second half of 19th century, England, because of her
systematically negative balance of trade, had invented the balance
Devine, James:
Ulhas writes:Why does the world continue to accept debt payment in
dollars?
I remember De
Gaulle refusing dollars and demanding payment in gold in '60s.
because the U.S. is the most powerful country in the world and in the era
since 1971-73, money based on political-military
Romain Kroes wrote:
Ulhas Joglekar wrote:
How would Luxemburgism explain this phenomenon?
In this matter, Luxemburgism postulates an organic relationship between
imperialism and capital accumulation process. Current Globalization is
verifying it.
My question was about the nature of this
: Protectionism US style
Devine, James:
Ulhas writes:Why does the world continue to accept debt payment in
dollars?
I remember De
Gaulle refusing dollars and demanding payment in gold in '60s.
because the U.S. is the most powerful country in the world
and in the era
since 1971-73
Ulhas Joglekar wrote:
My question was about the nature of this organic relationship in the
contemporary capitalism in concrete terms, as it impacts world's
willingness
to accept dollars ?
Ulhas
In the contemporary capitalism and in concrete terms, the Luxemburgist
relationship links the
On Thu, 9 May 2002, Joseph Stiglitz was quoted as saying:
Many of America's problems are made in USA. America's deteriorating
fiscal position is leading to a strong dollar, just as the deteriorating
fiscal position of the US after Reagan's irresponsible tax cut of two
decades ago did.
deficits = high interest rates = strong dollar.
On Mon, May 13, 2002 at 02:58:37AM -0400, Michael Pollak wrote:
On Thu, 9 May 2002, Joseph Stiglitz was quoted as saying:
Many of America's problems are made in USA. America's deteriorating
fiscal position is leading to a strong dollar,
On Monday, May 13, 2002 at 07:13:16 (-0700) Michael Perelman writes:
deficits = high interest rates = strong dollar.
= cheap imports = protectionism = militarism
Bill
Michael Perelman wrote:
deficits = high interest rates = strong dollar.
I propose another algorithmic system:
1.
USA's trade deficit )
+) == strong dollar
Dollar as account unit of debt)
2.
Hardening elasticity between growth
- Original Message -
From: Rakesh Bhandari [EMAIL PROTECTED]
To: [EMAIL PROTECTED]
Sent: Monday, March 11, 2002 11:47 AM
Subject: [PEN-L:23830] protectionism
Jim D wrote:
It's interesting that a foreign-tradefinance expert like PK
never mentions
that a lot of the steel industry's
: if the high dollar has cost jobs,
should protectionism be adopted? I wonder whether Jim agrees with
Krugman's criticism of protectionism?
Since Jim is ostensibly ignoring me, perhaps someone else can put the
question to Jim so that we can be clear about what he agrees and
disagrees with in the columns
freedom, the only certain and consistent
trend in global trade rules
over the past 10 years has been the drift towards protectionism.
The rich nations have repeatedly promised to phase out agricultural subsidies and to
remove the tariffs on
textiles imported from the poor world, but those promises
: if the high dollar has cost jobs,
should protectionism be adopted? I wonder whether Jim agrees with
Krugman's criticism of protectionism?
As Eisner pointed out, protectionism on behalf of US based textiles
or steel may limit the supply of dollars abroad and raise the value
of the dollar, which could say
All you profs. out there worried about having your lecture notes
commodified to no end...
Who owns learning? : questions of autonomy, choice, and control /
edited by Curt Dudley-Marling and Dennis Searle
Pub info Portsmouth, NH : Heinemann, c1995
Ian
I refer here not only to retaliations and beggar-thy-neighbor
policies (to which Mark was perhaps averring) but the possibility
that by limiting the supply of dollars abroad through tariffs and the
other import restrictions meant to protect declining industries--and
this seems to be what
I refer here not only to retaliations and beggar-thy-neighbor
policies (to which Mark was perhaps averring) but the possibility
that by limiting the supply of dollars abroad through tariffs and the
other import restrictions meant to protect declining industries--and
this seems to be
It seems very interesting what is going on in this discussion, and I am
afraid that I can hardly follow.
Anyway, let me clarifiy small points. A colleague wrote:
Except the paper says _In the very last resort_, the United States should
not forget that nondiscriminatory measures to control
Michael Perelman wrote,
If the US tried to use protectionism as a form for maintaining aggregate
demand, wouldn't that throw fuel on the Argentinian/Turkish crisis?
Doesn't the rest of the world economy depend on the US as the consumer of
last resort?
Would it be a bull in China shop?
Tom
in the present debates.
2. Not convinced that the CAD is so foreboding. Flow of funds data do
not allow us to know how much of the foreign debt is owned by
Americans and very special friends (e.g., the Saudis) operating out
of foreign hedge funds.
3. As for protectionism itself, I am concerned
is owned by
Americans and very special friends (e.g., the Saudis) operating out
of foreign hedge funds.
3. As for protectionism itself, I am concerned about the lack of
consideration of obvious counter-productive effects. There seems to
be so little recognition of this by the self styled
If the US tried to use protectionism as a form for maintaining aggregate demand,
wouldn't that throw fuel on the Argentinian/Turkish crisis? Doesn't the
rest of the world economy depend on the US as the consumer of last resort?
--
Michael Perelman
Economics Department
California State
I don't know if this helps to requested info on regulation theory..
Mine
Although I have not read it, the paper abstracted below seems very
interesting. I plan to obtain it soon. Some of you may also find it
interesting.
Cheers,
McKeever
"The Political Economy of Protecti
if this helps to requested info on regulation theory..
Mine
Although I have not read it, the paper abstracted below seems very
interesting. I plan to obtain it soon. Some of you may also find it
interesting.
Cheers,
McKeever
"The Political Economy of Protectionism and Indus
From: Louis Proyect
To: [EMAIL PROTECTED]; [EMAIL PROTECTED]
Sent: 3/7/00 7:10 AM
Subject: [PEN-L:16938] Protectionism, free trade and socialism
[This op-ed piece is a demagogic appeal on behalf of Africans from the
neoliberal cheerleader Thomas Friedman. In targeting the protectionist
campaign
ED] [EMAIL PROTECTED]
Date: Tuesday, March 07, 2000 9:12 AM
Subject: [PEN-L:16938] Protectionism, free trade and socialism
[This op-ed piece is a demagogic appeal on behalf of Africans from the
neoliberal cheerleader Thomas Friedman. In targeting the protectionist
campaign of unions like UNITE
From: "Mathew Forstater" [EMAIL PROTECTED]
Has anyone heard that Angola and South Africa were nominating Stanley
Fischer to head the IMF??? (I hadn't known that he was born in "Northern
Rhodesia.") Ouch.
Hey, it's deeply embarrassing. All we can say from Jo'burg today is
that it
narrow ideological framework of
much of the post-WTO protest debate. Clearly there is an alternative to
protectionism and neoliberal free trade, namely socialism.
hopefully socialism isn't the only alternative, since it's damn hard to
create overnight. The alternative in the meantime is solidarity
of the post-WTO protest debate. Clearly there is an alternative to
protectionism and neoliberal free trade, namely socialism. In the aftermath
of the collapse of the Soviet Union, the discussion hopefully will evolve
from one of "why socialism does not work" to one of "why capitalis
IN THIS MESSAGE: Greenspan Decries Rising Protectionism; WTO Data Handbook
Available
Greenspan Lashes Out Against
Protectionism
02:51 p.m Apr 16, 1999 Eastern
By Marcus Kabel
DALLAS (Reuters) - Federal Reserve Chairman Alan
Greenspan Friday lashed out against
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