Speaker Series with Samuel Kortum
A conversation on the associated costs of free international trade
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On February 15, the Stanford King Center on Global Development held a Speaker Series with economist Samuel Kortum, professor, Yale University, who discussed the associated costs of free international trade. With the recent withdrawal of the United States from the Trans Pacific Partnership and possible withdrawal from NAFTA, the traditionally accepted consensus for free trade seems to be waning. In his talk, Kortum illustrated David Ricardo’s classical case for gains from trade to show that even in an idealized setting, gains are associated with disruption of industries and likely increased inequality across workers. Kortum also discussed recent research on the benefits and disadvantages of free trade. The conversation was moderated by Pete Klenow.
Samuel Kortum
Samuel Kortum is Fellow of the Econometric Society, Member of the American Academy of Arts and Sciences, and Research Associate at the NBER. He is a professor at Yale University, and has previously served on the faculty at Boston University, the University of Minnesota, and the University of Chicago. In 2004, he and Jonathan Eaton received the Frisch Medal for their paper “Technology, Geography, and Trade” published in Econometrica. He served as an editor of the Journal of Political Economy from 2008-2012. In addition to international economics, Kortum has written on economic growth, innovation, technology diffusion, and firm dynamics.
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