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Yes, free trade and open markets really work
Posted by: Billy Hollis on Saturday, February 23, 2008

If you are interested in any of the following subjects:

- Effects of globalization
- Income distribution (rich vs. poor)
- Global health issues
- Progress of the "third world" during the last forty years
- Impact of free trade on a poor country
- How to present complex data in an intuitive way

then you need to spend 20 minutes this weekend watching this video. Trust me, it's worth it.
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Previous Comments to this Post 

I find the whole life-expectancy discussion to be a half-truth.

During the period, the 60’s onward, vaccines and anti-biotics that were available to the rest of the world, much of it on the dime of the West. In the west, those developments had a huge impact, but were readily available by 1960 and the need for those developments were still great but not as great as the undeveloped world.

In general I see a lot attributed to the beneficial byproduct ’global markets’ that is really technological advancement and deployment. Now one of those mechanisms of deployment is the market, but we’re seeing the cart put before the horse and the horse written out of the story.
Written By: jpm100
URL: http://
Ha-Joon Chang offers another view in this video (you need Real Player).

He claims (I’m roughly remembering from a couple weeks ago) that the growth of developing countries has been cut in half since they’ve been more or less coerced into free trade relationships by the IMF and World Bank, that China, which doesn’t really practice free trade is growing hell’s bells, and that the U.S. (as did all but two or three major industrial countries) became the world’s foremost economy behind the highest tarriffs in the world. That last one is indisputable.
Written By: Martin McPhillips
That’s just really great but like one commenter said:
As for the sites sponsorship by BMW, 100,000 visitors a day is a lot of bandwidth that needs paying for. Better a corporation who have spent a small fortune developing a genuine alternative to petrol cars than, say, big oil. Right?
I’m kidding. I’m kidding.
Written By: tom scott
URL: http://
I’m old enough to remember when the Hive was pro-free-trade. It was about the only thing they got right. Protectionism was favored by conservatives (except for the ones influenced by classical-liberal economics). What changed? I suspect the Hive probably woke up one day and realized, "Wait a minute—we missed an avenue to expand State power over the economy? What were we thinking? Let’s get on this now!" I suspect this change probably came about the same time "liberals," who for decades had been touting the virtues of deficit spending, one day began bemoaning the deficit (so they could have an excuse to raise taxes).
Written By: Bilwick
URL: http://

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