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New Paper Finds Gains from Multilateral Trade Liberalization to Be “Extremely Small”



A new CEPR paper examines recent IMF research on gains from multilateral trade liberalization, as under the World Trade Organization, and finds that the gains would be equal only to about 0.014 percent of consumption, or about 43 cents per person, per month, in the United States. The IMF model focuses on liberalization under the WTO, but if applied to the proposed Trans-Pacific Partnership, the results would be similarly small.

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Bad Weather Slows Job Growth in March

The labor market added 126,000 jobs in March as the unemployment rate held at 5.5 percent. While much of this can be attributed to severe late-winter weather, this brought the three month average down to 197,000 jobs a month. More analysis in this month's Jobs Byte.

Obama Faces Latin American Opposition to Venezuela Sanctions at Summit of the Americas

Any good will in Latin America generated by the Obama administration’s reforms to U.S.-Cuba policy is likely to be squandered by its new sanctions against Venezuela, CEPR Co-Director Mark Weisbrot wrote in a recent op-ed for The Hill. Mark expanded on these points in an interview with Democracy Now just ahead of the Summit of the Americas.


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CEPR in the News

Obama and Republicans Agree on the Trans-Pacific Partnership…Unfortunately
New York Times, April 22, 2015


Haiti’s Economy Held Together by Polo Shirts and Blue Jeans
Financial Times, April 17, 2015


New Push for Private Equity Transparency
Fund Fire, April 16, 2015


Despite Federal Regulation, C.E.O.-Worker Pay Gap Data Remains Hidden
New York Times, April 10, 2015


Obama Faces Latin American Opposition to Venezuela Sanctions as Cuba Joins Summit of the Americas
Democracy Now!, April 10, 2015


U.S. Think Tank: Jamaica Running Most Austere Budget in the World
The Gleaner, April 07, 2015

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