Must-Read: Dani Rodrik: What Did NAFTA Really Do?
Must-Read: This does not seem to me to be terribly helpful. Dani Rodrik says, apropos of NAFTA: “The aggregate [distributional] effects were rather small…” “Impacts on directly affected communities were quite severe…” “Overall… a ‘welfare’ gain of 0.08% for the U.S. That is, eight-hundredth of 1 percent!…” “Trade volume impacts were much larger: a doubling … Continue reading Must-Read: Dani Rodrik: What Did NAFTA Really Do?
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