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Old 07-01-2009, 08:50 AM
business business is offline
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Which do you think would benefit the economy better:A congressional bill that encourages a free trade agreement between the U.S. , Britian, and France (like the NAFTA one)ORA congressional bill that encourages a free trade agreement between the U.S. , Argentina, and ChileORU.S. embargo against toys made in China (perhaps this could create more american jobs? and decrease U.S. imports, making the export-import ratio better?)Please tell me what you think and why!
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Old 07-01-2009, 08:50 AM
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US embargo against toys made in China!!!Free trade was not free for the USA when it comes to China!!
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Old 07-01-2009, 08:50 AM
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None of these options would benefit the US.Free trade agreements ship jobs overseas.People here are also underestimating the economic leverage China has against the US. If US embargoes China, all they have to do is to stop lending the US money and all hell will break loose. They can also start selling the current reserves of US dollars leading to a MASSIVE drop in the value of the US dollar (inflation). They can do the same with US stocks.All this time you were spending money beefing up your military against the Chinese military, they saved their money and bought your country right from under you. By now they are unstoppable.
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Old 07-01-2009, 08:50 AM
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China has more than tripled its share in gross world exports between 1990 and 2007, and is poised to surpass Germany as the world’s largest merchandise exporter. Domestic consumption in China and India also continues to rise, suggesting that they are becoming less dependent upon demand from advanced economies.The financial crisis has inspired widespread speculation of a shifting balance of power away from the United States and other advanced economies of Europe toward the major emerging economies. Whether this is indeed the case is yet to be seen, but that emerging economies such as China and India are becoming critical players in the global economic game is clear.The United States’ already bruised reputation from the protracted war in Iraq, its resistance in signing the Kyoto Protocol, and overall apathy in world affairs is only hurt further by the flagrant lack of oversight and push for deregulation leading up to this financial crisis. Leaders worldwide have been forthright in their reproach of the “American roots” of the financial quagmire.This drive to construct a more inclusive and effective global governance framework on the one hand reflects a loss of trust in America’s ability to lead, but on the other hand provides a renewed opportunity for the next administration to engage with the international community and specifically the developing world to reclaim some of its lost prestige. The full magnitude and reach of the current financial crisis remains to be seen, but it will undoubtedly lead to changes in the global landscape as we know it.
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Old 07-01-2009, 08:50 AM
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We need to fix the existing NAFTA and not enter into any other agreements.The US, Britain and France have a long history and no NAFTA agreement is needed. Neither country is in need of a NAFTA type of agreement.A free trade between US, Argentina and Chile. I see fruit in the grocery store from Argentina and Chile. Don't we already have an agreement or is it free trade?I would love to boycott anything made in China. First they poisoned our dogs, sent contaminated fish products and then, tried to kill babies. We can't! China has so many investments and we owe them so much money. We need to get our financial house in order before we can consider an embargo and make sure we have a surplus.
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