Word: frees
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Dates: during 1990-1999
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...risk of losing your job one way minus the risk of losing it another, the extra money you make if your industry is shielded from foreign competition minus the extra money you pay for goods and services that are protected--that you reach the conclusion that on average, free trade benefits us all. Yes, there are various economic theories about circumstances in which all this may not be true, but their authors win prizes precisely because the circumstances are unusual. In general, the numbers work irrespective of what policies other countries follow. They just get worse if one country...
Still, a half-century of general prosperity in the U.S. has created a climate of toleration, if not enthusiasm, for the free-trade gospel--mostly, indeed, as a gospel of our civic religion rather than out of anyone's buying the math. Alarm about imports tends to ebb and flow with the economy--less in good times, more in bad. So how, in the best times ever, did the World Trade Organization become the global bogeyman? No earnest college kid ever hitched across the country to carry a picket sign against the General Agreement on Tariffs and Trade...
...growth of global economic forces that are actually impinging on national sovereignty, even though it's the paranoid hysterics who say so. But the WTO isn't responsible for either of these trends, both of which are probably inevitable and neither of which undermines the basic case for free trade or for an organization empowered to promote trade through binding arbitration of trade disputes...
...absence of a long winemaking tradition in Australia and New Zealand has left local vintners free to innovate while adopting the best techniques from the Old World. Years ago, France, Italy and Spain were also new wine-growing regions. Given the pace of change in oenology and consumer attitudes, perhaps within a few decades Australia and New Zealand could be giving the European winemakers a run for their money. RAYMOND GARDINER Southport, Australia...
...digit, which must have prevented Eddie from rolling past 99 because of this low-tech Y2K problem. It seems corporate behemoths actually aren't all that well structured. I work for a corporation with a market capitalization larger than McDonald's, and our television reviewer still can't get free Time Warner cable service. Maybe it's a miracle that the global community is working at all. Even so, I'm still going to dress like a sea turtle. But I'm going to continue doing it in the privacy of my own home...