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The Washington Post on trade
Yesterday, The Washington Post had an excellent editorial on trade.
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"Not that any of the Democratic candidates seem to care, but the impact of NAFTA seems to have been both larger and more positive in Mexico than in the United States. Mexico's gross domestic product, now more than $875 billion, has more than quadrupled since 1987. The poverty rate dropped 10 percentage points in the second half of the 1990s. Average wages have not grown and wage inequality remains a stubborn challenge, but pay grew most swiftly in the Mexican industries most exposed to trade, according to the World Bank. And Mexico, once considered the sick man of Latin America, has logged its progress while also accomplishing a mostly peaceful transition to multiparty democracy."
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Of course, we can't yet pass final judgement:
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"A final verdict on NAFTA is not possible yet, because the last deferred provisions won't be phased in until Jan. 1, just two days before Iowans go to the caucuses. Among them is the long-awaited elimination of all remaining barriers on American corn exports to Mexico. Corn -- don't they grow that in Iowa?"
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-Matt Hittle
Posted at 04:07PM Dec 04, 2007 by College Republicans in Trade | Comments[0]
