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May 29, 2025

Analysis

Capturing Production

The USMCA and the automotive industry in North America

The implementation of the USMCA in July 2020 heralded major changes for the North American automotive industry, with increased regional content and fundamental labor rights becoming requirements to gain entry into the North American market. While Mexico's wage objectives remain…

May 23, 2025

Analysis

The Tariff Threat

Mexico's fragile supply chains and North American trade policy

Mexico's current model of integration is vulnerable to external shocks. In order to protect its industrial base and establish sovereignty over its economic development, and to sustain its position in international trade, the state will have to scale up high-value…

September 15, 2023

Analysis

Trading Order

Protectionism and interdependence pact?

Export Bans. Sanctions. Investment screens. The liberal trading order has been weaponized; security, not efficiency, is the new watchword. And yet, 2023 has seen an all-time high of goods traded across borders. Even bilateral trade between the warring great powers,…

August 18, 2020

Sources

Standard postwar theories of class composition in the global north emphasized occupational differences between employers, blue collar, and white collar workers. But deindustrialization, and the army of underpaid service workers it generated, has increasingly muddied these categories.

July 1, 2020

Reviews

Balanced Sheets

A review of Matthew Klein and Michael Pettis's Trade Wars are Class Wars

On the conceptual and methodological stakes of Trade Wars Are Class Wars by Matthew C. Klein and Michael Pettis Good writing on international macroeconomics reads like a detective novel. There’s a suspicious event—hundreds of millions of dollars in phantom FX…

June 13, 2020

Interviews

Trade Wars Are Class Wars

A discussion between Adam Tooze, Michael Pettis, and Matthew Klein

Michael Pettis and Matthew Klein's new book "Trade Wars Are Class Wars" begins with an epigraph from John A. Hobson: "The struggle for markets, the greater eagerness of producers to sell than of consumers to buy, is the crowning proof…

March 23, 2019

Sources

There is renewed debate around the merits of protectionism and free trade, spurred by political rhetoric from the left and right in the US, and in Europe and Latin America. Active disagreements over the consequences of free trade date back…

February 9, 2019

Sources

This week, we delve into the persisting inequalities of our higher education system. Since Winston, Hill, and Boyd found that only 10% of students at elite universities came from families who fell within the bottom 40% of the income distribution…

August 4, 2018

Sources

ENERGY BOOM A new carbon tax proposal and a big new carbon tax research report Representative Carlos Curbelo (R-FL) introduced a carbon tax bill to the House last week (though it is “sure to fail” with the current government, it's…