| 来源类型 | Op-Ed
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| 规范类型 | 评论
|
| US growth slowdown, energy production, and ratification of USMCA |
| Benjamin Zycher
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| 发表日期 | 2019-09-20
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| 出处 | The Hill
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| 出版年 | 2019
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| 语种 | 英语
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| 摘要 | “The devil is in the details” is an eternal truth that applies overwhelmingly to trade agreements, which at their core incorporate painstaking compromises among the parties over the myriad details of international trade relationships. Even, or in particular, within a given nation, innumerable interests have conflicting objectives, a reality that explains why the U.S.-Mexico-Canada (USMCA) free-trade agreement remains unratified here (and by Canada).
But the ice may be cracking. Notwithstanding the deep divides of contemporary American politics, important voices that in most contexts would not support the policy initiatives of the Trump administration recently have argued in favor of congressional approval. The Washington Post editorial board: “Mr. Trump’s deal is a real improvement over the status quo.” The Progressive Policy Institute: “the UMSCA would be good for the United States and its neighbors.”
This emerging bipartisanship is likely to stem from more than a recognition of the vast adverse effects of a failure to implement USMCA, as important as those would be. Real (inflation-adjusted) GDP growth, 3.5 percent (annualized) in the fourth quarter of 2017, and then 2.9 percent for all of 2018, has declined to 2.0 percent for the second quarter of this year. Perhaps more important in the context of USMCA, growth in real private domestic investment, 4.4 percent in 2017 and 5.1 percent in 2018, declined by 6.1 percent in the second quarter of 2019. The effect of that decline was to subtract 1.1 percent from that quarter’s GDP growth.
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| 主题 | Economics
; Environmental and Energy Economics
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| 标签 | Congress
; Energy policy
; International trade
; Keystone pipeline
; North American Free Trade Agreement (NAFTA)
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| URL | https://www.aei.org/op-eds/us-growth-slowdown-energy-production-and-ratification-of-usmca/
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| 来源智库 | American Enterprise Institute (United States)
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| 资源类型 | 智库出版物
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| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/210470
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推荐引用方式
GB/T 7714 |
Benjamin Zycher. US growth slowdown, energy production, and ratification of USMCA. 2019.
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