Word: brazil
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Dates: during 1990-1999
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Before the president left, an interview with him appeared in the Seattle Post-Intelligencer that unnerved some WTO delegates almost as much as the rioting had. Low-wage, developing nations at the meeting, led by India, Egypt and Brazil, were incensed that Clinton told the paper he wanted a working group on labor to be established within the WTO to develop "core" standards for wages, working conditions and other labor issues, and that such standards should be part of every trade agreement. Ultimately, he said, they should be enforced through trade sanctions, the WTO's ultimate weapon...
...Clinton era has seen both unparalleled prosperity and unparalleled government intervention to directly protect and advance the interests of specific U.S. corporations operating in world markets. Whether it was bailing out Mexico's currency to protect U.S. institutional investors or organizing a preemptive line of credit to prevent Brazil's economy tanking under pressure from Asia, or pressing China to make a host of concessions to specific U.S. corporations in exchange for WTO membership or leaning on South Africa over importing AIDS drugs from foreign sources that sold them cheaper than U.S. pharmaceutical corporations, the Clinton administration has always been...
...policy has its low side as well--a battle of narrow interests posturing as national or even international interests. The AFL-CIO is keen to keep out manufactured goods that developing countries can successfully export to the U.S., whether textiles from very low-wage countries or steel from Korea, Brazil and Russia. It marches in Seattle under the hypocritical (or to be more generous, simply erroneous) claim that it represents the interests of the world's workers, when it is in fact mostly representing its own members at the direct cost of much poorer workers in the developing world...
...Agricultural subsidies Europe and Japan continue to heavily subsidize their farmers, making those markets less competitive for food exporting countries such as the U.S., Canada, Australia and Brazil. Although they'll find it difficult to maintain those subsidies in the face of WTO opposition, European and Japanese leaders are under intense political pressure from their domestic farming communities. They'll fight hard to slow the advance of agricultural imports into their markets, using arguments about food safety and consumer protection...
...does turn out to be more or less Y2K O.K., other parts of the world may be less fortunate. "There's going to be some massive issues in other countries," says Steve Brown, CIO of Micron, a major PC manufacturer in Idaho. "Mexico's got problems. I also think Brazil's got problems, and Eastern Europe has got big problems...