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International Trade And Industrial Recovery In The Usa

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  • Christopher E.S. WARBURTON

Abstract

This paper explores relationships among technological innovation, alternative sources of energy, international trade agreements, and sustainable development. There has been growing concern that international trade destroys domestic industries, increases levels of unemployment, and exacerbates poverty levels. While older or classical deglobalization arguments have historic and legitimate concerns, technological innovation in the energy sector is creating a new paradigm for a re-evaluation of the effects of trade agreements. The energy revolution is creating new jobs that are insulated from outsourcing and amending some of the opprobrious results of trade agreements. In this paper, I argue that international trade and innovation can spur the revival of moribund industries even in the aftermath of resentful trade agreements, largely because trade-induced innovation can reduce levels of poverty and promote sustainable development. The paper uses time series and cross-sectional data to analyze the effects of innovation on: trade, the resuscitation of collapsing industries and the diminishing levels of poverty in some cities of the USA.

Suggested Citation

  • Christopher E.S. WARBURTON, 2017. "International Trade And Industrial Recovery In The Usa," Regional and Sectoral Economic Studies, Euro-American Association of Economic Development, vol. 17(1), pages 5-22.
    • Handle: RePEc:eaa:eerese:v:17:y2017:i:1_1
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    File URL: http://www.usc.es/~economet/reviews/eers1711.pdf
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    References listed on IDEAS

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    1. Mehdi SHAFAEDDIN, 1998. "How Did Developed Countries Industrialize? The History Of Trade And Industrial Policy: The Cases Of Great Britain And The Usa," UNCTAD Discussion Papers 139, United Nations Conference on Trade and Development.
    2. Guisan, M.C., 2013. "Macro-Econometric Models Of Supply And Demand: Industry, Trade And Wages In 6 Countries, 1960-2012," Applied Econometrics and International Development, Euro-American Association of Economic Development, vol. 13(2), pages 45-56.
    3. Christopher E.S. WARBURTON, 2012. "Globalization And Structural Change In The US Manufacturing Sector, 1987-2010," Applied Econometrics and International Development, Euro-American Association of Economic Development, vol. 12(1).
    4. Christopher E.S. WARBURTON, 2012. "ISI and New Industrial Conditions in Latin America and Africa," Applied Econometrics and International Development, Euro-American Association of Economic Development, vol. 12(2).
    5. Christopher E.S. WARBURTON, 2017. "Trade Treaties and Deglobalization," Applied Econometrics and International Development, Euro-American Association of Economic Development, vol. 17(1), pages 71-88.
    6. Filiz OZKAN, & Ömer OZKAN, & Huseyin Serdar KUYUK, 2012. "Energy Production And Economic Growth: Empirical Evidence From Turkey," Applied Econometrics and International Development, Euro-American Association of Economic Development, vol. 12(2).
    7. Christopher E.S. WARBURTON, 2016. "The Bottom Twenty: An Analysis Of Income Inequality In High Income And Developing Countries, 1990-2010," Applied Econometrics and International Development, Euro-American Association of Economic Development, vol. 16(2), pages 5-24.
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    Cited by:

    1. Christopher E.S. WARBURTON, 2017. "Trade Treaties and Deglobalization," Applied Econometrics and International Development, Euro-American Association of Economic Development, vol. 17(1), pages 71-88.

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    More about this item

    Keywords

    Dynamic Comparative Advantage; Free Trade Area; Globalization; Renewable Energy; and Sustainable Development.;
    All these keywords.

    JEL classification:

    • F13 - International Economics - - Trade - - - Trade Policy; International Trade Organizations
    • F15 - International Economics - - Trade - - - Economic Integration
    • F18 - International Economics - - Trade - - - Trade and Environment
    • F31 - International Economics - - International Finance - - - Foreign Exchange
    • K33 - Law and Economics - - Other Substantive Areas of Law - - - International Law
    • O13 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Agriculture; Natural Resources; Environment; Other Primary Products
    • O24 - Economic Development, Innovation, Technological Change, and Growth - - Development Planning and Policy - - - Trade Policy; Factor Movement; Foreign Exchange Policy
    • O44 - Economic Development, Innovation, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - Environment and Growth
    • O51 - Economic Development, Innovation, Technological Change, and Growth - - Economywide Country Studies - - - U.S.; Canada

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