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Immigration as Trade Policy

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Sam Roggeveen at the Interpreter wonders how I can be so sure that when a Michigan ad for Barack Obama targets John McCain as a foreign car owner, the emphasis is on foreign car owner, not foreign car owner. In other words, there’s the hint of protectionism that Sam worries about, but not the xenophobia he initially mentioned. Truth is, I can’t say for sure that Obama’s protectionist rhetoric is just rhetoric. But I think that the next phase of globalization will be as much dominated by immigration (ie. the liberalization of labor markets) as by protectionism. Case in point, […]

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