Third Way Perspectives
Archive for April, 2011
April 25th, 2011
What just happened? The mood of the country has suddenly taken a nosedive in the past month.
In the April CBS News-New York Times poll, 70 percent of Americans say the country is off on the wrong track. That’s the highest figure since President Obama took office. The number who say the economy is getting worse jumped from 26 percent in March to 39 percent in April – the highest level of pessimism in two years.
April 13th, 2011
This piece was originally published in The Wall Street Journal.
The U.S. and Colombia appear near a deal on a trade agreement. With this deal and others move closer to congressional debate, Ed Gerwin, Senior Fellow for Trade and Global Economic Policy at Third Way, and Jon Cowan, president of Third Way, point to five misconceptions about trade agreements.
Later this year, the Obama administration and Congress will seek bipartisan votes to pass free trade agreements with South Korea, Colombia and Panama. With 87% of global economic growth over the next 5 years taking place outside of the United States, trade supporters believe these agreements will create jobs and prosperity by helping American companies tap into fast-growing export markets.
Opponents disagree. They argue that “NAFTA-style” trade agreements hurt rather than help the U.S. economy — and polls show that much of the public agrees.
But is this conventional wisdom correct? Or do trade deals work? As Washington gears up for hard-edged debates about trade, it’s worth exploring some common misconceptions about free trade agreements.