PROTECTING SMALL BUSINESS, PROMOTING ENTREPRENEURSHIP

Global Markets & TPP

January 8th, 2021 by

by Raymond J. Keating- Trade had been a drag on economic growth prior to the pandemic hitting, and then, of course, both exports and imports dropped precipitously. As noted in the latest trade report from the U.S. Bureau of Economic Analysis, the slow clawing back has been underway for the past five to six months. […]

December 18th, 2020 by

by Karen Kerrigan- (Reprinted with permission from Alibaba’s Insights) If there is a silver lining to the pandemic, it is that the shocking disruption spawned by restrictions and shutdowns has given many SMEs a fresh perspective on how digital tools and platforms can help them identify new customers and market opportunities for survival and growth […]

October 8th, 2020 by

by Raymond J. Keating- Costly policy measures prior to the pandemic served as a drag on the economy. Then COVID-19 hit and made matters worse. The latest trade data show that both exports and imports struggle to recover. Data from the U.S. Bureau of Economic Analysis “U.S. International Trade in Goods and Services August 2020” […]

August 5th, 2020 by

by Raymond J. Keating- After three months of stunning declines in U.S. exports and imports, the freefall stopped in June, according to the latest report on trade from the U.S. Bureau of Economic Analysis. Seasonally adjusted exports of U.S. goods and services had stagnated for the previous two years, but with the spread of the […]

July 24th, 2020 by

  by Raymond J. Keating- When economists talk about free trade and its benefits, we’re not only talking about lowering or removing barriers to selling and buying goods and services, but also reducing governmental barriers to investment. Economic growth and development are enhanced by allowing for the efficient distribution of financial capital, based on market […]

June 12th, 2020 by

by Raymond J. Keating- Impulses among politicians to impose some kind of “Buy American” regulations on pharmaceuticals amount to nothing more than protectionism that will cause serious ills for American consumers (i.e., patients), entrepreneurs, businesses (overwhelmingly small businesses), and workers. Despite the current politics, free trade actually is not controversial – or at least it […]

June 4th, 2020 by

by Raymond J. Keating- It’s not surprising that during the pandemic crisis the latest trade data from the U.S. Bureau of Economic Analysis was grim. Yet the plunge in both U.S. exports and imports is still breathtaking. U.S. exports of goods and services declined by 20.5 percent in April, and that came after a drop […]

June 2nd, 2020 by

by Raymond J. Keating- A surefire way to make matters worse during a time of economic and political uncertainty is to impose additional governmental costs and controls, like higher taxes. And that includes taxes on imports – or tariffs. Three things have been clear about misguided trade policies over the past three-and-a-half years: ● First, […]

May 21st, 2020 by

by Raymond J. Keating- In case you missed it, this week is World Trade Week 2020. And it’s a good time to remind government and elected officials about the importance of trade to the U.S. economy, and that steering U.S. trade policy in a free trade direction will help the economy recover more quickly, and […]

May 6th, 2020 by

by Raymond J. Keating- May is World Trade Month, but unfortunately, given the effects of the coronavirus pandemic, this is not a good time for trade. That is made clear in the latest monthly trade statistics from the U.S. Bureau of Economic Analysis. Given the relative meaninglessness and the danger of how it can be […]

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