"If we increase the number of H-1B visas that are available to U.S. companies, employment of U.S. nationals would likely grow as well. For instance, Microsoft has found that for every H-1B hire we make, we add on average four additional employees to support them in various capacities."
Bill Gates,
Testimony before the Committee on Science and Technology, US House of Representatives,
March 12, 2008.
The expansion of international trade has provided considerable benefits to the United States and its trading partners. Yet the growth of trade also raises concerns about its impact on domestic firms and their workers. In "Trade, Protectionism, and the U.S. Economy," author Robert Krol surveys the economic research on the causes of expanded international trade, the benefits of trade, the impact of trade on employment and wages, and the cost of international trade restrictions.
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September 16, 2008 Featuring the author Razeen Sally, European Center for International Political Economy with comments by Carlos Primo Braga, World Bank. Moderated by Daniel Griswold, Cato Institute. The collapse of WTO negotiations and the upcoming presidential election have deepened doubts about the future of free trade and the global economy. In an illuminating new book, Dr. Razeen Sally of the London School of Economics argues forcefully that trade policy has become disconnected from 21st-century business and consumer realities. As trade agreements yield diminishing returns, the world's fastest-growing economies in Asia have embraced freer trade and global integration unilaterally. The author renews the argument for free trade, warns of the imminent dangers of protectionism, and charts a new way forward for trade liberalization in the United States and globally. A top international economist at the World Bank will comment. New Frontiers in Free Trade: Globalization's Future and Asia's Rising Role is available at the Cato Bookstore. |
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Cato web feature offers access and analysis of key trade votes
 | In 2008, the Cato Institute's Center for Trade Policy Studies launched a powerful new interactive web feature that allows users to access and analyze the trade voting record of any member of Congress spanning more than a decade. |
The new feature reveals how members have voted on 84 major trade votes cast in the House and 64 in the Senate. The votes begin with the North American Free Trade Agreement (NAFTA) in 1993 through the Congress overriding a presidential veto of the Farm, Nutrition and Bioenergy Act in May 2008. Other major votes include the Uruguay Round Agreements Act, Permanent Normal Trade Relations with China, subsidies and protection for U.S. farm commodities, the Cuban trade embargo, and various bilateral and regional free trade agreements.
Despite Doha collapse, free trade is marching on
Bad Trade
Expanding trade is a key to winning presidency
Congratulations Paul Krugman
by Michael F. Cannon
October 13, 2008
On Krugman's Nobel
by Sallie James
October 13, 2008
All That and a 30-cent Mojito
by Jason Kuznicki
October 7, 2008
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