James A. Dorn is Vice President for Monetary Studies and Senior Fellow at the Cato Institute. His articles have appeared in The Wall Street Journal, Financial Times and South China Morning Post. He has testified before the U.S.-China Security Review Commission and the Congressional-Executive Commission on China.
James is the Vice President for CATO academic affairs, editor of the Cato Journal, and director of Cato's annual monetary conference. His research interests include trade and human rights, economic reform in China, and the future of money.
www.cato.org
Author Article List
Is America Losing Its Competitive Edge in Manufacturing, Science and Technology?
- Published on Wednesday, September 01, 2010
Surprising to many, the United States manufacturing sector is not being hollowed out. With the exception of the recent recession when all U.S. industries experienced poor economic growth, U.S. manufacturing has been breaking its own record, year after year, with respect to output, value-added, profits, returns on investment, exports, and imports, says Dan Ikenson, associate director of the Cato Institute’s Center for Trade Policy Studies. “U.S. factories are the world’s most prolific, accounting for 21.4 percent of global manufacturing value added in 2008; China accounted for 13.4 percent,” he added.
Hobbling Exports and Destroying Jobs: Ill-Considered Bill Makes American Companies Less Competitive
- Published on Thursday, July 01, 2010
The U.S. House of Representatives recently passed the American Jobs and Closing Tax Loopholes Act (HR 4213). This bill will hurt American workers, reduce American exports, and make American companies less competitive in the international marketplace. Since the U.S. Senate has already passed companion legislation, the American Workers, State, and Business Relief Act (S 3336), these ill-considered bills could soon be reconciled in conference and become the law of the land. If so, American firms and workers will pay the price.
New Challenges Are Emerging With Chinese M&As
- Published on Thursday, July 01, 2010
China’s booming economic growth continues to attract huge flows of foreign investment. And the World Expo in Shanghai is drawing still more attention. As a result of this and other factors, the economy grew a robust 11.9 percent in the first quarter of 2010, on top of 8.7 percent growth in 2009. During this same period, the United States and Europe were still struggling.
Conventional Statistics and Assumptions No Longer Reflect Today’s Global Realities
- Published on Thursday, July 01, 2010
International trade theory has its roots in the 18th-century writings of Adam Smith. He argued that nations could increase their combined output if each specializes in producing goods at which it is most efficient, and then each engages in trade. Every country will be better off, he astutely claimed, in terms of the quantity of goods available for consumption, resources expended and additional output obtained through specialization.
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