Tag Archives: free trade

Cakeonomics and Free Trade

 

Crumbs!

Not heard of Cakeonomics?

Cakeonomics is a simplified, quick and sometimes fun approach to economics and its connections with everyday life. It uses the metaphor of cake in an effort to make Economics more accessible and attractive, so that more of us can ask better questions about it and be sharper at assessing any answers. We need stronger, more confident knowledge to better analyse and help address the problems of our times, which are also likely to be the problems of our children and theirs.

Your piece of cake depends on various factors. Two crucial factors are the size of your slice and the size of the cake from which your slice comes.

Here’s some data and information about the global economic cake:

The richest 1 per cent increased its income by 60 per cent in the last 20 years (1992-2012) with the financial crisis accelerating rather than slowing the process.

Posted in Op-eds | Also tagged and | 10 Comments

Liberal Democrats for Free Trade

Vince Cable at Social Liberal Forum conference 19th July 2014 - photo by Paul Walter

In my view, trade benefits all countries. It spreads technology and good practice; it stimulates competition and rejuvenates economies.

Vince Cable, less than six months after being appointed Business Secretary, said that back in 2010 as he welcomed the EU-South Korea trade agreement.

Liberal Democrats should loud and proud make the case for Free Trade.

It ought to be inconceivable that we have to have this argument again.

Posted in Op-eds | Also tagged , and | 69 Comments

LibLink: Vince Cable makes the case for TTIP and free trade

Vince Cable, who was involved in negotiations over the proposed EU-US trade deal, the Transatlantic Trade and Investment Partnership, in his role as business secretary, has been writing about the issue, and that of free trade more generally.

Vince first summarises the rationale for TTIP:

The European Commission has prioritised a bilateral agreement with the USA: TTIP, which is proving a source of unexpected controversy, although negotiations are still at an early stage. The underlying objective is to apply, on a transatlantic basis, the same approach that helped to create the EU Single Market. Since, as within the EU, tariffs and quotas are no longer a major issue the emphasis has been on preventing differences in standards, mainly technical, acting as a barrier to trade. There are, for example, different specifications for seatbelt design and testing that make it difficult to export in both directions. In effect, a different production line is required to sell into the USA, which can be prohibitive, especially for low volume manufacturers.

Posted in LibLink | Also tagged , and | 41 Comments

The EU already gives us more than anti-Europeans are promising

Inside the EU we have better access to the European marketplace than we could ever have outside. And the clout of such a massive bloc means we strike better trade deals now than we ever could on our own.

For years anti-Europeans have churned out stories about Brussels banning schoolchildren from eating yoghurt and the Queen from appearing on our passports. More recently they latched onto immigration, with Brexiteers offering up conflicting numbers of how many millions of foreigners are on their way.

With the referendum approaching however the time has come for them to stop complaining and start explaining. What assurances can they give, for instance, to people in Swindon who earn a living building cars for Honda? How secure are their jobs going to be if trade barriers go back up?

Posted in Op-eds | Also tagged | 2 Comments

TTIP and the NHS: Separating fact from fiction

The Transatlantic Trade and Investment Partnership (TTIP) is a proposed agreement currently being negotiated between the European Union and United States. If agreed it will make it easier for companies and individuals across all EU member states and America to trade with one another, as well as encouraging greater bilateral investment.

I wrote generally about TTIP on LDV back in July, given that it is party policy to support the agreement. However, even at that point a concerted campaign had begun linking TTIP to the supposed privatisation of the National Health Service, with union leaders, campaigning websites and politicians calling either for TTIP to be abandoned or for special safeguards to be included.

This piece, therefore, addresses that issue in some detail.

Investor State Dispute Settlement

The “investment” part of TTIP seeks to increase the amount of foreign direct investment that flows between EU member states and the US. In other words, the amount of money that is spent establishing or expanding businesses or on other projects on which a monetary return is expected.

Posted in Op-eds | Also tagged and | 40 Comments

Opinion: TTIP and the inversion of the Free Trade debate

The Trans-Atlantic Trade and Investment Partnership provides an interesting case study as to how the very meaning of ‘Free Trade’ is changing. The treaty itself is on the rocks with increasing opposition from France and Germany alongside a powerful combination of unions and anti-globalisation advocacy groups. Nothing about that is particularly unusual but a crucial difference is the arguments these groups are making. For the first time they are talking about consumers.

Traditionally trade deals meant hitting producers to help consumers with the abolition of tariffs, subsidies and protectionist legislation. Although there is an element of this in the TTIP the majority of it is actually about the harmonization of consumer standards and it is this which flips the traditional free trade debate so firmly on its head.

Posted in Op-eds | Also tagged | 49 Comments

TTIP — the US-EU trade deal. What is it, and where is it up to?

Container Ship tradeAt last year’s autumn conference, the Lib Dems pledged to support a new trade agreement between the European Union and the United States — known as the Transatlantic Trade and Investment Partnership. The motion, ‘Strengthening the UK Economy’ (pdf), called on the coalition to:

Increase trading opportunities by working in the EU to ensure that the success of the Transatlantic Trade and Investment Partnership, doing everything possible to revive the World Trade Organisation led Doha Development Round and further integrating the EU services market.

Since then there has been significant …

Posted in News | Also tagged and | 28 Comments
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  • User AvatarEthicsgradient 8th Dec - 2:19am
    @Adam Cain Quite correct. The point I was making was about giving the electorate an aspirational message to be able to better for themselves. On...
  • User AvatarMike S 8th Dec - 1:47am
    Katharine (Hi) I was specifically responding to Tim's question re Little Jackie Paper's post including the graphic - "UK regions poorest in Europe" - see...
  • User AvatarTynan 8th Dec - 1:20am
    boarders?
  • User AvatarTynan 8th Dec - 1:19am
    Arnold; Many people might think that telling the British people what they must or must not do is not the way forward if you want...
  • User AvatarKatharine Pindar 8th Dec - 1:10am
    Mike S. (hi!) I can't believe that that extraordinarily narrow view of what the EU had to offer Britons was the major prompt in voting...
  • User AvatarTynan 8th Dec - 12:52am
    Tim; I did-: As I have asked in a few threads, all through the different treaties, and whatever your belief, or political opinion, when exactly...