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Trade Wars Are Bad For Higher Ed, Aldemaro Romero Jr.

Publications and Research

In the last few weeks we have heard a lot about trade wars (taking place or looming) between the U.S. and virtually every economically important nation in the world. This is surprising in today’s world where the tendency has been over the past few decades to eliminate trade barriers.

Mainstream economists have pointed out for years the benefits of free trade: international economic growth, improved financial performance of investments, lowered business risks, more competition that lowers prices while increasing choices for the consumers, and diversification of revenues. Although there are some risks associated with free trade, such as the environmental …