Publications

Globalization and Trade

The Data Show Our Economy Continues to Grow Quite Nicely

The latest GDP report shows that the main components of final demand, consumption, investment and government expenditures are still growing at a healthy pace.

Dean Baker / May 09, 2022

Article Artículo

Solid Month of Job Growth in April

Workers

The economy added 428,000 jobs in April, while the unemployment rate remained flat at 3.6 percent.

Hayley Brown / May 06, 2022

Article Artículo

Argentina

Brazil

Latin America and the Caribbean

World

¿Hacia una nueva Unasur?

Entre 2018 y 2019, siete gobiernos suramericanos, incluyendo el argentino, se retiraron del tratado constitutivo de la Unión de Naciones Suramericanas (Unasur) y le atestaron un duro golpe a la integración.

Guillaume Long / May 05, 2022

Article Artículo

Jobs

Preview: Unemployment Likely to Hit 50 Year Low

Workers

We will likely see a further dip in the unemployment rate. A 0.2 percentage point drop would give us the lowest rate in more than 50 years.

Dean Baker / May 04, 2022

Article Artículo

Most Price Increases from Inflation Have Gone to Corporate Profits

The inflation panic is causing some Democrats to pivot from social spending to deficit reduction. That’s exactly the wrong approach.

Max B. Sawicky / May 03, 2022

Article Artículo

Taking May Off

I will be vacationing for the month, so it is unlikely that I will post anything until the end of the month. See you then.

Dean Baker / May 01, 2022

Article Artículo

New IMF Trust Shows the Path Toward SDR Rechanneling Through Development Banks

Globalization and Trade

IMF

Special Drawing Rights

With the design of the Resilience and Sustainability Trust, the IMF has set a standard for SDR liquidity.

Andrés Arauz / April 30, 2022

Article Artículo

Unions

A May Day Assessment of Union Membership in the United States

Workers

The first day of May is International Workers Day. The holiday is meant to commemorate the shared struggle of workers across the globe.

Hayley Brown / April 29, 2022

Article Artículo

The Surge in Imports and the Drop in GDP: Offloading the Ships Lined Up Offshore

Rather than being a bad report with a drop in GDP, this report is overwhelming good news. This rise in inventories is exactly what we want to see if inflation is to be slowed.

Dean Baker / April 29, 2022

Article Artículo

Trade and Inventories Cause Drop in GDP, Underlying Growth Healthy

Swings in trade complicate the picture.

Dean Baker / April 28, 2022

Article Artículo

There is No Political Constituency for Free Trade, it’s Just a Term Used to Justify Screwing Workers

Globalization and Trade

What passes for free trade is a policy of removing barriers to allow low cost manufactured goods to enter the United States without restrictions. This puts downward pressure on the pay of manufacturing workers.

Dean Baker / April 28, 2022

Article Artículo

President Biden and the Price of Gas

If there is a president to blame for high oil prices it would be Donald Trump. He actually boasted about arranging for OPEC to reduce its production of oil during the pandemic.

Dean Baker / April 27, 2022

Article Artículo

PREVIEW: What to Look for In the First Quarter 2022 GDP Report

The main story in the first quarter is likely to be a sharp slowing in GDP growth from the extraordinary 6.9 percent pace of the fourth quarter of 2021. The biggest factor in this slowing will be a slower pace of inventory accumulation.

Dean Baker / April 26, 2022

Article Artículo

Two Routes to Lower Inflation

Recounting our historical track record in bringing inflation down after surges that came from fundamentally different sources, is not necessarily useful in describing our prospects for bringing down the current inflation spike.

Dean Baker / April 26, 2022

Article Artículo

Environment

Inequality