The Herbert A. Stiefel Center for Trade Policy Studies at the @CatoInstitute | #CatoTrade, #EndTheJonesAct, and #CatoGlobalization
Oct 1 • 6 tweets • 3 min read
🌍 NEW from @CatoInstitute's Defending Globalization project:
We worked with a major multinational retailer to make a t-shirt that maps its own supply chain.
The journey shows the surprising complexities of our modern, globalized economy.
A #CatoGlobalization thread... /1
@CatoInstitute Skeptics of globalization routinely mention “cheap t-shirts” from abroad as an insufficient counterweight to its supposed costs.
Yet this misunderstands how supply chains work, where value is created, & just how many people are involved in making the simplest of products.
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Oct 21, 2022 • 7 tweets • 5 min read
Given the recent public attention @CatoInstitute's criticism of the Jones Act has received, it's worth quickly reviewing why we believe such criticism is warranted, @cpgrabow writes: cato.org/blog/why-cato-…
#EndTheJonesAct (🧵THREAD)
1) The Jones Act has failed to produce a healthy U.S. maritime industry. Over the last four decades, the number of JA‐compliant oceangoing cargo ships has more than halved.
2) It has undermined shipbuilding competitiveness.
