123 episodes

Soumaya Keynes (The Economist) and Chad P. Bown (Peterson Institute for International Economics) cohost a podcast about the economics of international trade and policy. From trade wars to trade deals, this podcast covers trade developments with insights and economic analysis from two of the world's top trade geeks.

Trade Talks Soumaya Keynes & Chad P. Bown

    • Business

Soumaya Keynes (The Economist) and Chad P. Bown (Peterson Institute for International Economics) cohost a podcast about the economics of international trade and policy. From trade wars to trade deals, this podcast covers trade developments with insights and economic analysis from two of the world's top trade geeks.

    121. Can Infant Industry Protection Work? Evidence from Napoleon

    121. Can Infant Industry Protection Work? Evidence from Napoleon

    The Napoleonic Blockade offered an opportunity for economists to see whether temporary protection from imports can help industrial development. Réka Juhász (Columbia University) joins to discuss her research into whether French regions better protected from trade with the British during the Napoleonic Wars (1803-1815) did better in mechanized cotton spinning – the era’s frontier industry – than more exposed regions.



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    Réka Juhász. 2018. Temporary Protection and Technology Adoption: Evidence from the Napoleonic Blockade. American Economic Review.

    120. Extreme Trade: The Rise and Fall of Glasgow’s Shipbuilding

    120. Extreme Trade: The Rise and Fall of Glasgow’s Shipbuilding

    What is the Glasgow effect? Richard Davies explains, and tells the gripping economic story of how shipbuilding drove the Scottish city’s boom and bust. Drawn from his new book Extreme Economies (Farrar, Straus and Giroux 2020), they begin by describing how the economic forces of Marshallian externalities led to the rise of Glaswegian shipbuilding on the River Clyde. They then turn to its tragic downfall, its economic and social policy failures, and the extremely low life expectancy plaguing Glasgow to this day.

    119. Stock Markets, the Economy, and Trump’s Trade Policy Uncertainty

    119. Stock Markets, the Economy, and Trump’s Trade Policy Uncertainty

    Nick Bloom (Stanford University) joins to discuss the increase in trade policy uncertainty under President Trump and implications for investment and economic growth. They describe new ways of measuring policy uncertainty – including the Economic Policy Uncertainty Index, as well as surveys – and recent evidence of its impact, including on the US stock market.



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    Scott Baker, Nicholas Bloom, and Steve Davis. 2016. Measuring Economic Policy Uncertainty, Quarterly Journal of Economics.Scott Baker, Nicholas Bloom, and Steve Davis. 2019. The extraordinary rise in trade policy uncertainty, VoxEU.org, September 19. Scott Baker, Nicholas Bloom, Steve Davis and Marco Sammon. 2019. What Triggers Stock Market Jumps? Stanford University manuscript.

    118. Ins and Outs of the US-China Phase-One Trade Deal

    118. Ins and Outs of the US-China Phase-One Trade Deal

    Two former USTR negotiators join to explain the details of the new US-China trade agreement. Agriculture negotiator Darci Vetter (Edelman, 3:50) describes China’s new commitments toward US farm products, and foreign investment negotiator Lauren Mandell (WilmerHale, 18:30) explains changes to China’s legal system, protection of intellectual property, as well as the agreement’s dispute settlement provisions. Finally, we get the reaction of the business community (33:00) before Simon Rabinovitch (The Economist, 37:15) joins to provide the perspective from China.



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    Soumaya Keynes. 2020. The new US-China trade deal marks an uneasy truce. The Economist, January 16. Soumaya Keynes. 2020. Free Exchange: The costs of America’s lurch towards managed trade. The Economist, January 25. Chad P. Bown. 2020. Unappreciated Hazards of the US-China Phase One Deal. PIIE Trade and Investment Policy Watch, January 21.Economic and Trade Agreement Between the Government of the United States and the Government of the People’s Republic of China. January 15, 2020.

    117. Trump’s Import Tariffs Have Hurt US Exports

    117. Trump’s Import Tariffs Have Hurt US Exports

    New evidence reveals a side effect of President Trump’s import tariffs. The research shows that, through US supply chain linkages, the new US tariffs on imported inputs are directly contributing to the recent slowdown in US exports of outputs. Kyle Handley (University of Michigan) joins to discuss the potential causes and consequences of these results.



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    Kyle Handley, Fariha Kamal and Ryan Monarch. 2020. Rising Import Tariffs, Falling Export Growth: When Modern Supply Chains Meet Old-Style Protectionism. NBER Working Paper No. 26611, January.

    116. Fish Subsidies. What’s the Catch?

    116. Fish Subsidies. What’s the Catch?

    The WTO is failing to meet a 2020 deadline set by the UN’s Sustainable Development Goals to negotiate limits to fisheries subsidies. To figure out why, we went to Geneva and spoke with Alice Tipping (International Institute for Sustainable Development) and Mukesh Bhatnagar (Centre for WTO Studies). We describe difficulties on getting a deal to restrain subsidies which lead to overcapacity and overfishing, as well as eliminating subsidies that contribute to illegal, unreported and unregulated fishing.



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    Basak Bayramoglu, Brian Copeland, Marco Fugazza, Jean-François Jacques. 2019. Trade and negotiations on fisheries subsidies. VoxEU.org, 21 October.FAO. 2018. The state of world fisheries and aquaculture 2018. Food and Agriculture Organizations of the United Nations, Rome.Marco Fugazza and Tansung Ok. 2019. Fish and fisheries products: From subsidies to non-tariff measures. UNCTAD Research Paper Series, UNCTAD, Geneva.Enric Sala, Juan Mayorg, Christopher Costello, David Kroodsma, Maria L. D. Palomares, Daniel Pauly, U. Rashid Sumaila, and Dirk Zeller. 2018. The economics of fishing the high seas. Science Advances.U. Rashid Sumail, Naazia Ebrahim, Anna Schuhbauer, DanielSkerritt, Yang Li, Hong Sik Kim, Tabitha Grace Mallory, Vicky W.L. Lam, Daniel Pauly, 2019. Updated estimates and analysis of global fisheries subsidies. Marine Policy 109: 103695.World Economic Forum. 2019. David Attenborough explains what we need to do to stop over-fishing. Youtube video, 8 October.

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