Even a stopped clock is right twice a day

You read it here first, see our October 28 post.

I'm a dyed in the wool free trader, and I almost never agree with Rod Donald about anything, but he's right about this. An economy as small as New Zealand's would quickly be drowned by an FTA with China. When Ricardo talked about comparative advantage, he saw large wealthy economies and small poor ones, not vice versa. China's comparative advantage is poverty, I don't think we can match that with clean and green.