Can the WTO hit the reset button on global trade?

by Rashmee

Posted on November 18, 2020 / The National


While the world’s eyes were fixed on the US presidential election, another consequential, if less thrilling contest was happening elsewhere, with significant ramifications for global trade. The World Trade Organisation is trying to appoint its new head, a decision that was supposed to be wrapped up in low-key style in the week of the American … Continue reading “Can the WTO hit the reset button on global trade?”

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The age of trade blocs? No, probably just Trump-blocks

by Rashmee

Posted on June 14, 2019


Change is the only reliable constant and so it is with global trade. For more than 70 years, the international trading system has operated by the rules laid out by “most-favored nation” (MFN) status. This means that if a country grants certain concessionary terms of trade to one country, it must do so to all. It’s … Continue reading “The age of trade blocs? No, probably just Trump-blocks”

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Trump of all people should know that corporate patriotism is neither natural nor desirable

by Rashmee

Posted on July 4, 2018 / The National


US President Donald Trump is not the first politician to fulminate about the need for corporate loyalty to country above all else. Mr Trump’s threats and imprecations against the American Midwest’s legendary motorcycle manufacturer Harley–Davidson for daring to send some of its production overseas, echoed the milder frustration about big business once expressed by his … Continue reading “Trump of all people should know that corporate patriotism is neither natural nor desirable”

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An obscure economic theorem can help explain why the Asian sweatshop is dying

by Rashmee

Posted on January 2, 2017


Remember the Stolper-Samuelson theorem? It pronounces on the relationship between trade and wages and was formulated in the 1940s by Harvard economists Wolfgang Stolper and Paul Samuelson. They argued that tariff removals can depress wages to the point that workers as a class suffer adverse effects. The stark message: globalization doesn’t always produce winners. The … Continue reading “An obscure economic theorem can help explain why the Asian sweatshop is dying”

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An obscure economic theorem can help understand the opposition to trade deals

by Rashmee

Posted on September 12, 2016


One way to understand some of the angst about the Trans Pacific Partnership (TPP) is as follows: the Stolper-Samuelson theorem on the relationship between trade and wages. (Click here for a rather good explainer of the concept by The Economist.     Or just read on. All will be explained.) Wolfgang Stolper and Paul Samuelson were Harvard … Continue reading “An obscure economic theorem can help understand the opposition to trade deals”

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Rashmee has lived and worked in several countries in the past decade, including Afghanistan, India, Haiti, Tunisia, the UAE, US and UK