Raymond Richman - Jesse Richman - Howard Richman
Richmans' Trade and Taxes Blog
The op-ed (Conn. suffers losses under U.S.-Korea trade treaty) discusses the effects upon Connecticut jobs of the US.-Korea Free Trade Agreement. The authors are a former Assistant Secretary of Commerce who is also a former VP of IBM and the co-owner-operator of a solar company. They have founded an organization called "Balanced Trade Associates." That's an organization we'd like to join!
They take the Obama administration to task for misrepresenting the U.S.-Korea Free Trade Agreement and point out that the new agreement (Trans Pacific Partnership) being negotiated with 11 Asian countries is modeled upon that disaster. Here's how they begin:
They point out that the agreement with Korea actually reduced U.S. exports to Korea:
In December, we wrote a commentary (Fast Track to a Bad Deal) in which we made some of the same points as Davis and Will. We elaborate upon the principal that balanced trade is the key to economic prosperity in our forthcoming book Balanced Trade to be published by Lexington Books in May. The United States needs agreements that insure balanced trade because when trade is balanced all parties benefit.
Journal of Economic Literature:
Atlantic Economic Journal: