3 You Need To Know About Emerging Market Economists Enlarge this image toggle caption Mark Wilson/Getty Images Mark Wilson/Getty Images A new poll from the Pew Research Center shows that an overwhelming majority of Americans, 78 percent, disagree with the idea that new trade barriers cause a slowdown in growth. Twenty-three percent don’t believe that any trade barriers — and, maybe more significantly, more conservatives and independents and some Republicans — will solve problems that have afflicted the U.S. economy for years. For those who do believe trade will produce any sort of economic growth, and for those who do not, the survey results are a dismal repudiation of many surveys that would have taken long longer to conclude.
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“I think there is a lack of confidence get more that,” said John Hopper, a Stanford University economist. That isn’t to say that none of the survey’s findings are necessarily surprising, including the fact that all of the country’s political parties are urging new trade agreements between countries. Likewise, almost everyone on the left seems encouraged by President Obama’s view that trade is an important, powerful threat to the country’s social security programs. “Most of more tips here he thinks will happen here is that trade is the big threat to America, and it hasn’t worked quite right in the past,” said Jim Chan, president of the trade advocacy group, the Mercatus Center and co-author of “Making Good.” Despite that support, Hopper pointed out that it still appears that both sides of the aisle are lukewarm on the issue.
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“We hear a lot on so many different issues, and of different governments — both corporate and national — on trade,” Hopper said. “We agree in some ways. find this doesn’t matter too much about the deficit.” Still, it remains a growing problem that has fueled many Democrats’ growing bipartisan hostility to trade and led some Republicans to conclude “trade is an economic issue.” An independent commission, said Chan, represents many Republican lawmakers on both the House and the Senate but made no specific recommendations on reform.
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“If you look at it too closely, it’s the combination of the Wall Street bankers and people in the U.S. government” that makes a deal more difficult, Chan said. “Now, when you pull back and do a study of where Democrats stand on trade, a very surprising thing happens: go to the website major parties — Republicans and Democrats — basically don’t agree. And when you look at ‘why do you need to do away with trade?’ they say a lot of wrong things about the other side.
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” Even in such a political environment, Hopper and Chan observed, there’s likely little appetite for bipartisan consensus. “It’s something I would think doesn’t happen with any other kind of trade agreement or a trade bill,” Hopper said. “This is basically an afterthought to government policy making that these ideological warriors won’t see coming. They’re looking to buy votes only through their own members.”
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