December 13, 2013

Globalization in a Nutella Jar

Kevin D. Williamson, National Review

The story we’re told about the rich getting richer, the poor getting poorer, and the middle class getting squeezed is more complicated than the version you get from the politicians — or from the former economists who practice politics in the pages of the New York Times. But there is income polarization, and wages in the middle are stagnating. If you want to know why, don’t go reading Paul Krugman’s latest column. Read the label on a jar of Nutella.

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TAGGED: Nutella, Trade, Global Economy, Globalization


December 9, 2013
Global Trade Deal Was a Game-Changer
Daniel Drezner, Foreign Policy
The way Bali matters is that it alters the perceptions of those pundits who haven't been paying attention. Now suddenly the narrative shifts from not much getting done on trade - or bilateral/regional deals fragmenting the... more ››
December 4, 2013
Get Ready for a Global Attack on Wealth
Romain Hatchuel, WS Journal
Between 2008 and 2012, several fiscally challenged nations (including the United Kingdom, Ireland and Spain) increased top personal income tax rates by an average of 8 percent. In the United States, the expiration of the Bush tax... more ››
December 12, 2013
The WTO Is Back -- for Now
Jean-Pierre Lehmann, Yale Global
It would be churlish not to congratulate the WTO and especially Roberto Azevêdo, its dynamic director-general, for successfully passing a "Bali package" at the Indonesian resort well past the 11th hour on 7 December. The... more ››