A blog by Jonathan Conning of the Economics Department at Hunter College of the City University of New York. This blog comes back to life when I happen to be teaching a course on trade and/or development but at other times may lay dormant.
Help the World’s Poor: Buy Some New Clothes : "Back to school shopping leads many people to buy apparel that was made in sweatshops. Rather than feel guilty for “exploiting” poor workers, shoppers should rejoice. Their spending is some of the best aid we can give to people in poorer countries." So says Benjamin Powell on the always provocative AidWatch blog. Liberal New York Times columnist and Economics Nobel Prize international economist Paul Krugman wrote an earlier and now often cited statement along similar lines titled " In Praise of Cheap Labor: Bad jobs at bad wages are better than no jobs at all ." Do you agree with these arguments?
It's hard not to quote this compact blog post in full: What the average American thinks we spend on foreign aid – Chris Blattman : "27% of the federal budget vs what they think we ought to be spending (=13%) and what we’re actually spending (=0.6%)" [ source ]
Chapter 3 of the Feenstra/Taylor textbook begins with an extended discussion of the rise of President Evo Morales of Bolivia -- the first Aymara President in the country's near 200 year history in a predominantly indigenous population country. The discussion centers on his partial nationalization of the gas industry, or more precisely, his renegotiation of the terms of revenue sharing rules from Bolivia's vast newly developed natural gas fields (for more background on this issue in Bolivia, read up on the so called gas conflict ). The textbook discussion is meant to illustrate the distributional conflicts that sometimes arise when a country opens to trade, an issue that is analyzed in that chapter with the Specific Factors Model. The event will take place Monday September 20th at Kaye Playhouse auditorium (North building) and starts at 1:15pm but might want to arrive a bit earlier to get past the extra security screening. Here is a copy of the offi...
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