Free Trade, Free Labor, Free Growth
While the removal of trade and migration barriers would carry one-time costs, economic analysis shows that it would be an exceptionally wise investment for rich and poor countries alike. The real hurdle is getting this message across to politicians an voters.
ADELAIDE – Protectionist sentiment and fear of globalization are on the rise. In the United States, presidential candidates appeal to anxious voters by blaming the North American Free Trade Agreement (NAFTA) for the erosion of the country’s manufacturing base. Liberal trade initiatives have run into trouble in Congress, while new trade barriers have been mooted for products flooding in from China.
ADELAIDE – Protectionist sentiment and fear of globalization are on the rise. In the United States, presidential candidates appeal to anxious voters by blaming the North American Free Trade Agreement (NAFTA) for the erosion of the country’s manufacturing base. Liberal trade initiatives have run into trouble in Congress, while new trade barriers have been mooted for products flooding in from China.