November 22, 2015
The free trade pact that Congress is debating, the Trans-Pacific Partnership, has an ISDS (Investor-State Dispute Settlement) clause that's controversial.
The free trade pact that Congress is debating, the Trans-Pacific Partnership, has an ISDS (Investor-State Dispute Settlement) clause that's controversial.
Displaying a shift in comparative advantage, some Chinese textile manufacturers are locating their factories the the U.S. rather than China.
Looking at tires, fashion and NAFTA, we can see the lost jobs opposition to free trade and the pro free trade response.
While opponents of the TPP free trade deal cite currency manipulation, cheaper exports from countries with cheaper currencies save money for U.S. buyers.
Although pacts like the TPP are politically controversial, economists have supported free trade since David Ricardo explained comparative advantage,