June 9, 2023· 57 min

Brad Setser on How World Trade Changed In the Last Three Years

Brad Setser

Orality

Model

91%

Highly oral (epic poetry, sermons, hip-hop)

Speaker Breakdown

HostJoe Weisenthal(1,134 words)

M:28%

HostTracy Alloway(1,514 words)

M:29%

GuestBrad Setser(6,268 words)

M:27%

Oral Indicators

Agonistic24%

obviously, absolutely, crazy

Engagement50%

you, our, your

Memory Aids100%

listen, like, so

Repetition100%

know (97x), like (75x), china (72x)

Parallelism100%

And I'm Joe Wiesenthal...., And it's just, like, it's been..., But the last time we had him o...

Sound Patterns36%

34 question(s), alliteration: "markets move", alliteration: "barclays brief"

Formulaic Phrases4%

i mean, so to speak

Literate Indicators

Hedging8%

may, probably, maybe

Passive Voice8%

being employed, were processed, were associated

Abstract Nouns25%

investment, community, business

Subordination8%

since, while, because

Sentence Length46%

Avg: 16.4 words/sentence

Word Complexity49%

investment, analyze, anticipate

Academic Markers0%

Impersonal Style50%

480 personal pronouns found

Descriptive Style94%

apply, obviously, absolutely

Description

A lot has happened since we last spoke to Brad Setser in April 2020, towards the beginning of the Covid-19 pandemic. For a start, Setser was appointed to be a trade advisor in the Biden administration during a period of immense disruption. There was lots of talk about a potential reshuffling of the way the global economy works, and things like nearshoring and deglobalization. But some big predictions for the way world trade will function haven't come to fruition. For instance, the US is still running a current account deficit and China is still running a current account surplus. So in this episode, Setser returns to discuss what has and hasn't changed in global trade in the last three years. He's left the Biden administration and returned to the Council on Foreign Relations, where he's a senior fellow. He talks about everything from the US-China trade imbalance to the impact of sanctions on the world economy to China's electric vehicle and plane production, plus the future of the dollar. See omnystudio.com/listener for privacy information.

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