Items related to Trade Myths: Globalization and the Trade Balance Fallacy
Myth 1: Imports kill jobs; Myth 2: Exchange rates drive trade; Myth 3: A trade balance is a national matter; Myth 4: A trade "deficit" is "bad:; Myth 5: Foreigners finance America's trade deficit -- These commonly held concepts of trade balances are based on 15th-century accounting techniques. Politicians misled by these outdated ideas have made cheap, vote-grabbing protectionist policies that reduce to "saving jobs by fighting unfair imports." One result of such sophistry has been two senseless world wars. The paradigm has to move in to the 21st century: a first step is to include multinational corporations' incredibly successful overseas activities when calculating trade balances. Enzio von Pfeil invented this approach in 1987 and has been applying it publicly in his research and in the press since. His key message is that if politicians keep using simplistic protectionist policies, they are courting retaliation in the countries where they operate, thereby nurturing terrorism as well as threatening the very existence of their own corporations operating abroad. If such politicians are threatening these multinationals' overseas operations -- why are these companies financing the campaigns of these politicians? Born in Namibia and raised in America, Germany and England, Enzio von Pfeil studied under Friedich von Hayek and got his Ph.D. in economics, then worked for the world's three leading banks of their day. Formerly chief regional economist for leading London-based investment banks in Hong Kong, von Pfeil is now an independent investment adviser and a regular contributor to Bloomberg Television UK, Bloomberg Television Deutschland, and to CNBC Asia. His investment advice is constantly updated at www.EconomicClock.com.
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- PublisherInkstone Books
- Publication date2008
- ISBN 10 9889956551
- ISBN 13 9789889956554
- BindingPaperback
- Number of pages112
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Trade Myths: Globalization and the Trade Balance Fallacy
Published by
Inkstone Books
(2008)
ISBN 10: 9889956551
ISBN 13: 9789889956554
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Softcover
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Book Description Condition: Poor. This is an ex-library book and may have the usual library/used-book markings inside.This book has soft covers. In poor condition, suitable as a reading copy. Appears to be signed by the author. Please note the Image in this listing is a stock photo and may not match the covers of the actual item,200grams, ISBN:9789889956554. Seller Inventory # 7094858
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Trade Myths: Globalization and the Trade Balance Fallacy
Published by
Inkstone Books
(2008)
ISBN 10: 9889956551
ISBN 13: 9789889956554
Used
Softcover
Quantity: 1
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Book Description Befriedigend/Good: Durchschnittlich erhaltenes Buch bzw. Schutzumschlag mit Gebrauchsspuren, aber vollständigen Seiten. / Describes the average WORN book or dust jacket that has all the pages present. Seller Inventory # M09889956551-G
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