Globalisation
In the past few years, one of the most controversial economic issues has been global free trade. The proponents claim that nations engaged in open trade would experience a great deal of economic growth. Opponents think that giving foreign countries unrestricted access to American markets will cause a decrease in the number of American jobs, and will pose a threat to American sovereignty. It is the opinion of this writer that the latter is correct. The problem with global free trade is really fourfold. The first and foremost problem with such measures is, as stated above, the threat posed to American sovereignty. All free trade agreements set up international bureaucracies to govern the participants; to ensure that all parties comply with the terms of the agreement. Vice President Gore tried to allay the concerns of the opponents of GATT by claiming that the World Trade Organization would hold no authority over the U.S. He claimed that we would only be bound by those rules which we agree to and no others. However, in his very next breath, he claimed that other countries could be forced to comply with their "international trade obligations" (Gore). Clearly, this is a c
In conclusion, it should be clear that these trade agreements are not in the best interest of America. compare with that of our new trading partners? The United States has the world's largest economy; only a handful of countries can even come close to the level of America's economy. The third problem with global free trade, is cost of production. Perhaps President Clinton will agree to send the $50 billion directly to the old folks who stand to lose so much from his blunder. Likewise, GATT is reported to contain a $200 million fee reduction for the Washington Post (Buchanan, GATT). The Conservative Cronicle, Hampton Publishing, Washington, D. The Conservative Cronicle, Hampton Publishing, Washington, D. " ("How Can") However, despite his own concerns, and the victory he was handing his political opponents, he publicly supported and voted for GATT. Even accepting the philosophy of free trade, these agreements are terribly flawed. Trade Representative Mickey Kanton once boasted, "NAFTA's environmental provisions are a model of new international cooperation. "NAFTA Chickens Come Home to Roost". Newt Gingrich is at the opposite end of the political spectrum from the Vice-President.
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Acceptance Essays
