Trade, Employment and Transatlantic Policy Aspects

Paul Welfens

Chapter 4 in The Global Trump, 2019, pp 141-166 from Springer

Abstract: Abstract A special chapter is devoted to transatlantic policy aspects and trade and employment issues. US protectionism vis-à-vis the EU is analyzed. The discussion from the literature is presented, and new findings on the size of the effective transatlantic per capita income gap are highlighted—here, effective refers to income net of health-care expenditures and takes into account lifetime income and hence differences in lifetime expectancy plus differences in paid vacations. The transatlantic differences in this perspective are very low, less than 5% and not the traditional 30% often claimed in standard analyses. The implication is that the US could learn from Germany and France, for example, as well as from Switzerland. Differences in US and European populism are emphasized, while the interaction of trade and foreign direct investment is analyzed.

Date: 2019
References: Add references at CitEc
Citations: View citations in EconPapers (1)

There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:spr:sprchp:978-3-030-21784-6_4

Ordering information: This item can be ordered from
http://www.springer.com/9783030217846

DOI: 10.1007/978-3-030-21784-6_4

Access Statistics for this chapter

More chapters in Springer Books from Springer
Bibliographic data for series maintained by Sonal Shukla () and Springer Nature Abstracting and Indexing ().