The recent trade agreement between Chile and the United States is being praised as the first significant agreement in the Western hemisphere since the North American Free Trade Agreement (NAFTA) was signed a decade ago. But while it is celebrated in certain American circles, it displays many of the problems that characterize past trade agreements, problems that generate much discontent about globalization. Indeed, in some ways it is a step backwards.
The recent trade agreement between Chile and the United States is being praised as the first significant agreement in the Western hemisphere since the North American Free Trade Agreement (NAFTA) was signed a decade ago. But while it is celebrated in certain American circles, it displays many of the problems that characterize past trade agreements, problems that generate much discontent about globalization. Indeed, in some ways it is a step backwards.