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Posts Tagged ‘Panama’

Pitching a penny for trade

May 27th, 2011

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This piece was originally published in The Hill.

Imagine that someone presented you with the following proposition: You can have $10, with more to come. You’re just asked to pitch in a penny to improve your neighborhood. You’d probably be quick to take that deal, right? Well, that’s basically the offer on the table right now for the American economy, yet some in Washington are waffling.

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Misconceptions About Trade Agreements

April 13th, 2011

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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.

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