In the latest City Journal, Guy Sorman examines how the acceptance of fundamental economic principles, like free trade, has helped the entire world: Free trade not only generates the greatest possible growth; it tends to distribute it widely, both within nations and among them. For evidence, consider the emergence of …
Fearing that the latest round of World Trade Organization negotiations are on the verge of collapse, the New York Times looks at what failure could mean for the world: Locking in lower farm subsidies would encourage direly needed agricultural investment in Africa and in poor nations that are struggling with …
While liberals in Congress are turning away from free trade with Colombia, South Korea, Peru, and Panama, China is busy inking deals with the rest of the world. The International Herald Tribune reports: New Zealand’s Parliament on Thursday passed into law the first bilateral free trade deal between China and …
United States secretary of defense Robert Gates and Colombia minister of defense Juan Manuel Santos write in The New York Times today: The dramatic rescue of 15 hostages this month by Colombia’s special forces underscored how far Colombia has progressed — with the strong support of the United States — …
Luis Rubio looks at NAFTA from Mexico’s perspective in the Latin Business Chronicle: NAFTA was the result of a new economic strategy. Above all, however, it represented a major political shift. Instead of looking at the United States as the source of conflict and irritation, as it had historically been …
Yesterday was Independence Day for Colombia and there were celebrations in Colombian communities across the country including Easley, South Carolina. The Greenville News reports : Colombians now living in the Upstate said Sunday that they support a Bush administration proposal to tear down trade barriers between their native country and …
Argentina’s leftist protectionist President Cristina Fernández de Kirchner suffered a huge defeat yesterday when the Senate voted 37 to 36 to reject the system of floating-rate taxes that the government imposed in March of this year. The New York Times reports: The new tax system raised taxes on soybeans from …
No wonder Europe loves Barack Obama: while Obama is promising unilateral withdrawal from NAFTA unless Mexico agrees to new terms to protect U.S. union jobs, the European Union is working to reduce trade barriers with Mexico. The AP reports: The European Union’s executive commission on Tuesday proposed to upgrade ties …
The World Trade Organization released a report today titled Trade in a Globalizing World. From the Executive Summary: International trade is integral to the process of globalization. Over many years, governments in most countries have increasingly opened their economies to international trade, whether through the multilateral trading system, increased regional …
