Attention Economy


Tuesday, June 13, 2023

Global Trade - The Cure is Worse than the Disease

The New Washington Consensus on Trade Is Wrong
https://foreignpolicy.com/2023/06/12/free-trade-new-washington-consensus-biden-protectionism-trump/
Protectionism will drag everyone down in the end. 

Why It Seems Everything We Knew About the Global Economy Is No Longer True
https://www.nytimes.com/2023/06/18/business/economy/global-economy-us-china.html

Related:
Spence, Michael. 2021. "Some Thoughts on the Washington Consensus and Subsequent Global Development Experience." Journal of Economic Perspectives, 35 (3): 67-82.
https://www.aeaweb.org/articles/pdf/doi/10.1257/jep.35.3.67
 
Chari, Anusha, Peter Blair Henry, and Hector Reyes. 2021. "The Baker Hypothesis: Stabilization, Structural Reforms, and Economic Growth." Journal of Economic Perspectives, 35 (3): 83-108.
https://www.aeaweb.org/articles/pdf/doi/10.1257/jep.35.3.83
 
Goldfajn, Ilan, Lorenza Martínez, and Rodrigo O. Valdés. 2021. "Washington Consensus in Latin America: From Raw Model to Straw Man." Journal of Economic Perspectives, 35 (3): 109-32.
https://www.aeaweb.org/articles/pdf/doi/10.1257/jep.35.3.109
 
Archibong, Belinda, Brahima Coulibaly, and Ngozi Okonjo-Iweala. 2021. "Washington Consensus Reforms and Lessons for Economic Performance in Sub-Saharan Africa." Journal of Economic Perspectives, 35 (3): 133-56.
https://www.aeaweb.org/articles/pdf/doi/10.1257/jep.35.3.133