NAFTA has been the proverbial whipping boy, a veritable piñata, since its inception in 1994. But thanks to NAFTA, Florida has been able to boost exports to Canada and Mexico by more than 173 percent and add 1.6 million net private-sector jobs.
Homer said “It is a wise child that knows his own father.” Well, Ivanka Trump surely did a much-needed goody for her dad by convincing him of the great importance of apprenticeships, a woefully underappreciated vehicle for supporting human capital development and boosting economic growth.
Why should Floridians care about these unfortunate developments in U.S.-Canadian trade relations? Because Canada and Florida are natural, complementary partners for both business and leisure.
Businesses and investors in Latin America and the Caribbean are struggling to find qualified workers to fill jobs. It’s up to the private sector to step up to provide the skills-based training and apprenticeships needed.
A nation has the legal monopoly power to create money to achieve special policy goals such as price stability or full employment, but to call it manipulation may not be accurate.
The hallmark of today’s populism, as in the past, is the belief that powerful elites—big business, the media, Wall Street, Congress, Washington insiders and bureaucrats, and the rich—are exploiting and harming the common man through a rigged political and economic system.
For all of the unknowns, a few things about Cuba’s future appear clear, including that economic changes are likely to be incremental and have modest effects; lifting the trade embargo would have only marginal financial effects on the Cuban people; and economic liberalization is unlikely to bring political change to Cuba.
In the current political milieu, anti-trade proponents have the upper hand, relegating vocal champions of free trade to a tiny minority.
Contrary to those who say we don’t make things anymore and that all our jobs are being shipped offshore, the truth is that manufacturing is the largest industry by far for foreign investors, with chemicals being the leading sector.
In both political and military battles there are casualties. During this election season, one of the most notable casualties is free trade.