Jay Mandle

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Jay Mandle, the W. Bradford Wiley Professor of Economics at Colgate University, is currently on a leave of absence and living in the Bay Area.

Recent Articles

The Wrong Enemy

Some liberals worry that trade with low-wage countries will depress American wages. But globalization not only helps lift Third World people out of poverty; it also benefits American consumers and workers. Instead of pursuing protectionism, domestic policies should assure that the benefits of trade are equitably shared.

T he economic development of poor countries is heavily dependent on their ability to export. But many American liberals are troubled, wrongly in my view, that commerce with low-wage countries will infect our own body politic. Rather than worrying so much about Third World export growth, we should be addressing how to attain full domestic employment and mobility. We need to concentrate on formulating policies that make trade the mutual opportunity promised in the textbooks. If we fail to do this, trade will still provide an economic gain on average, but will also represent a costly burden for the victims of the abrupt dislocations it causes. The Third World is growing. Almost half of the world's population resides in China, India, Indonesia, Pakistan, Turkey, and Thailand, poor countries where, even in the richest of them (Thailand), adjusted per capita income is only about one-fourth of ours. Yet in these countries recent growth rates of manufactured goods have been phenomenal...