Word: exporting
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...sound like the current presidential campaign, but the year was 1800 and the beleaguered candidate was Thomas Jefferson. Four years earlier, he had lost the presidency to John Adams in an election fraught with religious angst. Jacobin revolutionaries had taken over France, closed its churches and threatened to export their reign of terror. Supporters of Adams' Federalist Party linked Jefferson to the French secularists through his defense of revolutionary France and support for the separation of church and state. Adams, in contrast, they argued, was a man of God who opposed radical French ideas, and under his rule America...
...world where goods were traded freely. But those hurt by free trade--farmers and textile workers who might have to shift jobs--are always easier for politicians to identify and support than the much larger number who are helped by it. And remember: those helped include foreigners whose export earnings enable them to afford more U.S. products...
Just possibly, the current crisis will convince doubters of the myriad virtues of trade. Pakistan has only one export industry worth anything: textiles. But anyone now wanting to buy from Pakistan is going to have to pay much higher insurance premiums than they did before Sept. 11. The Pakistani government has asked for a reduction in the tariff on its exports. The Europeans have agreed; the U.S. Administration--lobbied, as ever, by domestic mill owners and their political friends--is still thinking about it. And that's shameful...
...Korean peninsula, but decades of disastrous central planning have left its infrastructure in a state of advanced decrepitude and its citizens in de facto peonage. The U.S. government estimates the North's per capita GDP to be about $1,800, roughly the same as Zimbabwe's. Per capita exports are about $60 a year--less than 1% of South Korea's. Aside from fishing, mining and cement production, the North has only a hodgepodge of functional industries, including, weirdly enough, its animation studios, which have been used by several European companies. One of the few export industries to flourish, meanwhile...
...demonstrate that joint ventures are welcomed," he says. Barrett, who has been facilitating business deals in the North for more than a decade, compares the country's current condition to that of South Korea's before it emerged from military rule to become one of the world's export powerhouses. "You start to see how North Korea can move along in similar ways," he says...