Bashar H. Malkawi

  • The economy is real because calculations can be made by the consideration of the price of a good or service. Calculations are made and, this is true, but these are made according to computer modelling, devised, carried out and presented by some to serve their own ends. Macroeconomic models and their forecasts are used to assist in the development and evaluation of economic policy. It is a fact that Trump trade policy is working and for that matter addresses the real issues that have long been ignored. Bashar Malkawi

  • Countries are interfering in their currencies by preventing their appreciation. The intentional manipulation of currencies to gain unfair trade advantages overother trading partners is short-sighted trade policy. Currency devaluation is unfair because this contributes to widespread job losses in the U.S., especially in manufacturing. The U.S. has to right to act. Bashar H. Malkawi

  • Capital is free to move around the world in search of higher returns, international trade turns into labor arbitrage and jobs are shipped from the importing nation to the exporting nation. As a consequence, the U.S. has lost much of its manufacturing base. From 2000 to 2009, the U.S. lost over 5 million manufacturing jobs, almost one-third of the total. This is not due to automation as some would claim. Trade policies adopted by other countries that include export subsidies, undervalued currency, and lax worker health and safety standards. This is in addition to predatory pricing and dumping practices designed to push foreign rivals out of key resource markets and to then gouge consumers with monopoly pricing. Global trade rules should be respected, otherwise the U.S. should enforce its domestic trade laws. Bashar H. Malkawi

Bashar Malkawi holds SJD from American University, Washington College of Law and LLM from University of Arizona.