trade deals

Trumponomics unsettles Trudeau with threats to Canada-U.S. trade

Only one country in the world issues a currency that is held and recognized in every country in the world. The U.S. dollar has been de facto the world currency since the Bretton Woods accords of 1944.

Having your money accepted for payment in other countries means the U.S. does not have to earn foreign currency abroad or borrow in other currencies.

Other countries try to earn U.S. dollars by selling more than they buy from the rest of the world. When not earning U.S. dollars, countries have to borrow dollars.

Borrowed U.S. dollars have to be repaid in newly earned dollars. Such U.S. dollar-denominated debt is a real constraint on governments the world over.

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Columnists

Denying globalization's downside won't stop right-wing populism

I was somewhat surprised to see Stephen Poloz recently urging economists to do more work identifying and disseminating research on the supposed benefits of free trade. That's slightly beyond his job description (perhaps more fitting with his last position as head of Export Development Canada). But like economic leaders elsewhere in the world, Mr. Poloz is obviously concerned with the disintegration of popular support for neoliberal free trade deals. That disintegration will have tectonic economic and political consequences.

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neoliberalism globalization economic policy trade deals trade policy Canadian free trade

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Trade deals' investor-state provisions: A sub-criminal conspiracy?

There is a glaring disconnect in the world between economic growth, and trade and investment agreements.

At the same time that Canada and other countries are pushing hard for huge multi-national deals -- the TPP, CETA and the U.S.-EU deal, the TTIP -- all the evidence suggests that global trade is on a long-term downward trend. Nothing in the near or middle term future suggests that it will recover to anything like its China-driven peak.

Financial Times analyst Martin Wolf recently argued bluntly that globalization no longer drives the world economy.

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CETA global economy World Economy tpp trade deals Canadian economics ttip

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Trade deals of yesteryear sow seeds of impending Trexit

Mel Watkins

| August 11, 2016

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Reader Alert: Read immediately in case Trump disappears into the black hole of history.

Trexit. You read it first here on the good enough margin of empire. T is for Trump. Rhymes with Brexit. Occurring at the same time, with an ocean in between, there has to be something in common.

For disaffected Brexit voters living under austerity, what choice did they have?

Mel Watkins

| July 13, 2016

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Globalization is a mighty force -- for good, for putting more food on the table, to give it its due -- and for bad, truly bad, like the fear and loathing of the Other, even the whiff of fascism, in Europe before and now after Brexit -- and, I note in passing, in the air in Trump's America.

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Dr. Shiv Chopra: Food safety, security and sovereignty all interlinked

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Recently rabble had the opportunity to talk to Dr. Shiv Chopra, the Health Canada microbiologist who blew the whistle on bovine growth hormone (rBGH) in milk. The following is an excerpt from that interview where we spoke about food safety, our health and trade deals.

How did you come to be traveling across the country to talk about food security and trade?

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food security health canada trade deals bovine growth hormone rBGH Dr. Shiv Chopra

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Hunt for mythical internal trade barriers continues in Ottawa

Scott Sinclair

| March 30, 2016

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Hidden between the lines of the federal budget's typically short section on trade policy is the assertion that the "competitiveness of Canadian businesses in the international marketplace will be enhanced by breaking down barriers to trade, both internal and abroad, and providing the appropriate tools and policy framework that allow Canadians to take advantage of new trade opportunities."

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Ghosts of politics past and present haunt Trudeau's White House visit

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Two spectral presences appeared during Justin Trudeau's visit to Washington, one Canadian and one American. You could almost see them onscreen, then they frustratingly faded, as spectres do.

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Harper government economic inequality bernie sanders obama administration economic decline Canada-U.S. relations trade deals corporate trade deals Trudeau government

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Twitter photo of protest against water privatization in Peru.

Thousands march against water privatization in Peru as TPP and ICSID ruling looms

Brent Patterson

| March 9, 2016

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More than 2,000 people marched in Lima, Peru on February 29 in opposition to the government's plan to privatize public water services.

Telesur, a pan-Latin American television network based in Caracas, reports:

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Goodbye longstanding Canadian cultural policy, hello TPP regulations

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Problems? Oh, the Trans-Pacific Partnership has a few! Read about them all in the new series The Trouble with the TPP.

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Trans-Pacific Partnership canadian content tpp trade deals Cancon trouble with the tpp

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trade deals

Trumponomics unsettles Trudeau with threats to Canada-U.S. trade

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Denying globalization's downside won't stop right-wing populism

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Trade deals' investor-state provisions: A sub-criminal conspiracy?

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Dr. Shiv Chopra: Food safety, security and sovereignty all interlinked

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Ghosts of politics past and present haunt Trudeau's White House visit

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Goodbye longstanding Canadian cultural policy, hello TPP regulations

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