Economist Mike Walden: Views on Trade

I’m Mary Walden with economist MW welcoming you to the economic perspective.  Today’s program looks at views on trade.  Mike, you’ve been in North Carolina long enough to see several debates over international trade. In the 1990s, NAFTA and the World Trade Organization were proposed and eventually accepted.  Today, the U.S. is engaged in some trade disputes that might roll back international trade. How have the attitudes of people about trade changed.

  1. In NC in the 1990s, many, many people opposed to NAFTA and WTO
  2. Worried about impacts on some industries – correct about textiles/apparel
  3. Today, I observe the opposite
  4. More people see economic opportunities from trade – for example, in NC – in agriculture, technology, auto parts
  5. Polls confirm this nationally – in early 1990s there as a 50/50 split on trade
  6. Today, 70/30 in favor of trade
  7. Changing times

And I’m Mary Walden for the Economic Perspective, an NC State Extension program from the Department of Agricultural and Resource Economics.