The Digest

Trade liberalization has done its part, providing extraordinary growth in exports and producing a surge in foreign investment... kinks in the supply chain caused exports to fall, dragging down the economy in the process. Over the last few years Mexico's economy, and most notably its exports, have stagnated. It's tempting to deduce from this that Mexico's aggressive moves to lower barriers to trade and investment -- its participation in the North American Free Trade...

The riots had economically significant negative effects on blacks' income and employment. Further, those effects may have been larger in the long run - from 1960 to 1980 - than in the short run - from 1960 to 1970. The riots significantly depressed the median value of black-owned property between 1960 and 1970, with little or no rebound in the 1970s. Any American of a certain age remembers the race-related riots that tore through U. S. numerous cities in the 1960s...