Kim Clausing's is the best defense of globalization and openness I have read in years. And former Obama CEA Chair Jason Furman agrees:
Jason Furman: Review of Kim Clausing: "Open: The Progressive Case for Free Trade, Immigration, and Global Capital": "If I had to assign policymakers one up-to-date guide to the latest economic policy issues on taxes and trade it would be this one...
...Kimberly Clausing has done research in both areas and has been a leader in the economics of international corporate taxation, including profit shifting by multinationals, and it shows throughout this book. Open makes a strong, fact-based case for openness towards trade and immigration. The case ranges from explaining long-standing ideas like comparative advantage to a sensible evaluation of the latest literature, including a balanced assessment of the "China shock" literature that has found a large and persistent impact from Chinese imports but also serious methodological issues that make it a potentially less reliable guide to untangling the causal impact of changing trade policies towards China.Open, however, is not a polemic for the status quo and in fact nearly one-third of the book is a case for policy agenda to better prepare workers for the global economy, reform the tax system, and reshape globalization more broadly. Clausing does not offer any one simple solution, but then again I don't think that there is one...
#noted
