Word: protectionists
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Three-time Pulitzer prize-winning journalist Thomas L. Friedman speaks for most of the North American elite when he condemns “these anti-WTO protesters—who are a Noah’s ark of flat-earth advocates, protectionist trade unions and yuppies looking for their 1960s fix.” Yet, even within the World Bank and the International Monetary Fund, there are some new voices admitting that the Friedman world view and policy prescriptions have led to misery for much of the world. In many Ivy League economic circles and among the Business Roundtable...
...heavily favoring steel-producing states, Bush is ignoring the national and global harm inflicted by the patently protectionist measures he has imposed. Not only do American steel tariffs disadvantage workers in the steel sectors of Europe, Japan and other foreign nations; they also harm other U.S. sectors, such as automobile manufacturing, which are forced to pay inflated prices for their steel inputs. These higher prices are then passed on to U.S. consumers...
Wasn’t the World Bank’s former chief economist aware of the protectionist U.S. trade policies, including tariffs reaching 21 percent on imports from developing countries and agricultural tariffs averaging 9 percent on processed goods. And wasn’t he aware that such policies help to deprive developing countries of much needed resources...
...trade meltdown”—the collapse of the Clinton-era consensus on free trade—has returned glaringly to the fore. A New York Times columnist recently pointed out that most of the Democratic hopefuls have shifted toward Dick Gephardt’s protectionist stance. Dennis Kucinich is calling for the outright repeal of NAFTA. And Joe Lieberman is stuck in the lonely role of defending Clinton’s laissez faire trade philosophy...
...Hype the small. Work begins on a U.S.-Thai free trade agreement! Joint statement on terror to be issued! All good things but getting the Thai agreement won't be easy in a nation with a more protectionist Congress and a wary textile industry. Joint statements are swell and the edging of APEC from an economic group to more of a security group is intriguing but in the end it can't matter that much...