Re: Shaking Up Trade Theory

From: thundercleets_at_ no_spam_here yahoo.com (thundercleets_at_yahoo.com)
Date: 11/29/04 

Date: 28 Nov 2004 18:01:24 -0800

"Bill Bonde ( ``And the Lamb lies down on Broadway'' )" <stderr2@backpacker.com> wrote in message news:<41AA233A.6249E8FC@backpacker.com>...
> MrPepper11 wrote:
> >
> > BusinessWeek
> > December 6, 2004
> >
> > SHAKING UP TRADE THEORY
> > For decades economists have insisted that the U.S. wins from
> > globalization. Now they're not so sure.
> >
> The US and the world wins because we can't and we shouldn't continue to
> leave people all over the world hopeless, sometimes even stewing in
> their own misplaced hate. Of course there is a difference between
> globalization and free trade and insisting that the US continue to
> import goods without restrictions even though it has a huge trade
> imbalance. The WTO might add to its duties trying to assist in
> equalizing the flow of trade so that any one country isn't put in a
> position where perhaps it will end up suddenly reducing its imports by
> force. If the US did that, it would destroy the entire world economy,
> for example.

So you see offshore outsourcing as a factor of globalization as a kind
of foreign aid for offshore outsourcing popular destinations like
India and China?

Should the US middle class be forced to pay that high a price for this
kind of foreign aid?

Thundercleets

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