Free Trade Is Not the Enemy – William daley, NYTimes.com.

William Daley:  “The economic impact of the deal was immediately undercut by the collapse of the Mexican peso in 1994. But opponents’ predictions of “a giant sucking sound” accompanying the departure of millions of jobs from American workers never materialized, either. From Nafta’s ratification through the end of President Clinton’s final year in 2000, America added over 20 million jobs, including more than 300,000 in manufacturing. When the manufacturing decline began in earnest in 2001, the main culprits were the offshoring of jobs to China, with which we have no trade deal, and automation.”

“Geopolitically, President Obama is also right. If we don’t set the rules for commerce in the Asia-Pacific region, China will. Since 2000, China has concluded trade agreements with 23 countries, Hong Kong and Macau and is now drafting its own Asia trade deal that cuts us out. This deal apparently omits any mention of labor rights and environmental standards common in modern American-led deals. It would keep many of the region’s economies relying on the same substandard factory floor conditions that China and other Asian nations used to become manufacturing giants.”

via Free Trade Is Not the Enemy – NYTimes.com.

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About David Lindsay Jr

David Lindsay is the author of "The Tay Son Rebellion, Historical Fiction of Eighteenth- Century Vietnam," that covers a bloody civil war from 1770 to 1802. Find more about it at TheTaySonRebellion.com, also known as, DavidLindsayJr.com. David Lindsay is currently writing about Climate Change and the Sixth Extinction., as well as singing and performing a "folk concert" on Climate Change and the Sixth Extinction. He can be reached at daljr37(at)gmail.com.
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