The Other Hand

Is free trade always and everywhere a good thing? Get ready for the 2nd China shock - the first one gave us Trump, Brexit and the populist plague

31 Mar 2024

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One of the first thing that economists are taught is the Free Trade is a Good Thing. One thing that economists don't speak too much about is that free trade creates both winners and losers. Arguably, not nearly enough attention has been paid to the losers.Whether or free trade is always a net positive depends on many factors. And the alternatives to free trade - the choices made by politicians about things like protectionism - can be even worse. That said, China's accession to the World Trade Organisation was a huge shock and wiped out huge swathes of manufacturing industry and jobs throughout the developed world. Too much too soon seems have been the case. Those left behind communities became the hunting ground for Trump, Brexiteers and populists. They stil are - and there is a distinct possibility of a second China shock coming our way. What will be the results this time?Irish SMEs complain about government inspired costs and regulatory burdens. Are they right to moan? A lot of SMEs are either failing or in danger of going bust.Interest rates: the new normal isn't too far away from where they are now. Discuss. Hosted on Acast. See acast.com/privacy for more information.

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3ª PARTE | 17 DIC 2025 | EL PARTIDAZO DE COPE

01 Jan 1970

El Partidazo de COPE

13:00H | 21 DIC 2025 | Fin de Semana

01 Jan 1970

Fin de Semana

12:00H | 21 DIC 2025 | Fin de Semana

01 Jan 1970

Fin de Semana

10:00H | 21 DIC 2025 | Fin de Semana

01 Jan 1970

Fin de Semana

13:00H | 20 DIC 2025 | Fin de Semana

01 Jan 1970

Fin de Semana

12:00H | 20 DIC 2025 | Fin de Semana

01 Jan 1970

Fin de Semana

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The Other Hand

Is free trade always and everywhere a good thing? Get ready for the 2nd China shock - the first one gave us Trump, Brexit and the populist plague

This episode hasn't been transcribed yet

Other recent transcribed episodes

3ª PARTE | 17 DIC 2025 | EL PARTIDAZO DE COPE

13:00H | 21 DIC 2025 | Fin de Semana

12:00H | 21 DIC 2025 | Fin de Semana

10:00H | 21 DIC 2025 | Fin de Semana

13:00H | 20 DIC 2025 | Fin de Semana

12:00H | 20 DIC 2025 | Fin de Semana

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