Export our way to prosperity.
U.S. isolationists who belong to the Right and the Left cite declining real wages and hemorrhaging trade deficits as evidence that liberal trade policies are threatening U.S. prosperity and could instigate economic decline. These claims ignore the technological and social forces that are radically...
| Publicado en: | Foreign Policy no. 101; pp. 3 - 18 |
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| Formato: | Artículo |
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Foreign Policy
Winter 1995-1996
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| Acceso en línea: | Ver este registro en EBSCOhost |
| Sumario: | U.S. isolationists who belong to the Right and the Left cite declining real wages and hemorrhaging trade deficits as evidence that liberal trade policies are threatening U.S. prosperity and could instigate economic decline. These claims ignore the technological and social forces that are radically altering U.S. society and the opportunities that global commerce offers in turning these changes to U.S. advantage. Although the new World Trade Organization provides the framework for an effective global commercial regime, it does not provide sufficient means for dismantling all significant barriers to trade. The U.S. should recognize the commonality of U.S.-European economic institutions and therefore offer a more ambitious variant of NAFTA to the European Union. By playing the Europe card boldly, U.S. policy makers could demonstrate the kind of private-sector ingenuity that has restored U.S. technological and competitive leadership. |
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