Daisy smith interviews john langoulant opr chief economist emeritus

John R. Campbell writes:

I do not see why, from an economic standpoint, it makes sense to support NAFTA under the banner of the US’ economic recovery and the expansion of economic services. For example, if you believe that services (and, by extension, manufacturing) accounted for about half of the value added by manufacturing, and that the value added of such products was now $5.1 trillion, then would a new NAFTA with even marginally lower investment barriers (and with the same levels of investment) provide better ba구미출장샵ng for the dollar than would the TPP? Even with a 20% investment barrier, a 20% higher value added넷마블 바카라 and higher levels of exports and imports, it will take years for the US to see that growth rates increase 수원안마 수원출장안마(or decrease) substantially relative to its historical average. On the basis of the above discussion, it would seem that at best it would be unlikely that a new NAFTA with a 20% investment barrier will ever be approved.

The “20% barrier” is essentially what the US government defines as an investment rate of 5%.

And that was the rationale for the Reagan administration’s failed attempts to boost the US dollar in the 1980s.

Now, here’s the bottom line: we are supposed to believe that Mexico is now a currency manipulator because it’s investing so much and will invest so much more in the future, but we are supposed to believe that is the reason that U.S. exports to Mexico have gone down and that it is because of the US trade deficit. I suspect this argument makes them more popular among the media and is getting even more popular among some politicians—I don’t even know who.

But that’s not actually true, which is why we would see even higher investment and exports in a new TPP. This just may be how it all plays out, since I just found this:

Mexico’s latest investment plans show the president hopes a trade agreement with the US will give it a boost in exports after decades of declining demand.

The president hopes that trade will boost sales of the steel found in American products. …Mexico’s plans showed it wants exports of advanced and specialized equipment, as well as other materials for the global economy.

I don’t know about the US, but I’m sure that if the “new” TPP were being rushed in in preparation for a big trade deal that would be one of the “concerns” that Mexico would raise:

An administration official stressed a