In Bootleggers & Baptists: How Economic Forces and Moral Persuasion Interact to Shape Regulatory Politics, economists Bruce Yandle and Adam Smith explain how money and morality are often combined in politics to produce arbitrary regulations benefiting cronies, while constraining productive economic activities by the general public.
Featuring Sallie James, Trade Policy Analyst, Cato Institute; Edward Gresser, Director, Project on Trade and Global Markets, Democratic Leadership Council; and Chakarin Komolsiri, Minister-Counsellor, Royal Thai Embassy. Moderated by Daniel Griswold, Director, Center for Trade Policy Studies, Cato Institute.
In her new trade policy analysis, “The U.S. Generalized System of Preferences: Helping the Poor, But at What Price?,” Sallie James argues that the expiration of the GSP at the end of this year is an ideal time to consider the costs of unilateral preference programs. While the GSP delivers benefits to some countries, as well as to U.S. consumers and firms, the program is deeply flawed. Its expiration is therefore a timely opportunity for the United States to correct the most egregious of the GSP’s limitations and to move toward opening the U.S. market on a permanent and nondiscriminatory basis. Please join our panelists for a spirited discussion of the U.S. GSP and options for its reform.