A Little-Noticed Fact About Trade: It’s No Longer Rising
Binyamin Appelbaum, New York Times
The constant flow of goods from Asia to the United States was briefly interrupted last month after Hanjin, the South Korean shipping line, filed for bankruptcy, stranding several dozen of its cargo ships on the high seas. It was a moment that made literal the stagnation of globalization.
Free Markets Refine Good Manners
Richard M. Ebeling, FEE
Only liberal, free market capitalism broke free of the age-old collectivist conception of the relationship between the individual and others in society.
300 Million Children Breathe Highly Toxic Air, Unicef Reports
Geeta Anand, New York Times
About 300 million children in the world breathe highly toxic air, the United Nations Children’s Fund said in a report on Monday that used satellite imagery to illustrate the magnitude of the problem.
The sweatshop dilemma
Tim Harford, The Undercover Economist
Ethiopia is an example of early-stage industrialisation: still one of the poorest places in the world, it’s been liberalising its economy and growing very quickly for the past decade. International investors from Europe to Bangladesh are eyeing up Ethiopia as a possible base for low-wage manufacturing. But what are these tough jobs like for the workers who do them?