Word: trade
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Dates: during 1990-1999
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...security hawks deride pro-traders as "rope sellers"--capitalists eager to sell communists the rope to hang us with. Under the business-first mantra of Commerce Secretary Ron Brown, the Clinton Administration raised the commercial imperative to new heights, shifting decisions from the traditional "no, but..." assumption that tech trade is a security risk unless proved otherwise to the "yes, but..." preference for business first. Corporations were allowed to police their own security; the downsizing Defense Department marketed obsolete equipment as scrap, and the Chinese snapped...
Republican presidential candidates, including the junior Bush, are out in force bashing Clinton as soft on China--just as the President did when he ran against the senior Bush. But they don't want to dry up campaign contributions or cut off their constituents' trade. And once in office, every President since Richard Nixon has come round to the same realization. If not engagement, what? Cold war? Hot war? Those are hardly practical choices. And so for 20 years, there has been little daylight visible between the basic ways that Republicans and Democrats have approached the rising power...
...report, will vent their outrage on the entire Sino-American relationship. They are right to slam the door on Chinese spying, but a sizable number sound ready to turn China into the New Enemy. Washington hardheads talk of holding up the annual renewal of China's normal trade relations (the new bureaucratic label for most-favored- nation trading status) or blocking its entry into the World Trade Organization...
...missiles so it can lob them at Los Angeles. It wants them so that it can be a legitimate player on the international stage, a nation fully in control of its own military destiny. So, as its entrepreneurs have embraced StarTacs and Yahoo!, Beijing's generals now want to trade their antique weaponry and cold war tactics for the PlayStation power they see in NATO's arsenal...
There are also more nuanced worries that some Chinese planners surely suspect could be clarified if China becomes stronger. Exhibit A is China's complex relationship with Japan. While the two nations have extensive trade and technology links, there is a lingering mutual distrust. In both countries there is a passionate sense that one of them ought to be first among political equals in Asia...