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OpenMarket: Trade and International

  • AEI panel discussion about FTAs in the aftermath of the bipartisan deal

    June 28, 2007
    In the aftermath of the bipartisan deal between the Democrats and the Bush Administration, the question is whether the new enforceable environmental and ILO labor standards that are included in FTAs are the tipping point where they are overstretching into domestic affairs. Yesterday, AEI held an interesting panel discussion about this called “The Bipartisan Trade Bargain: Is the Deal Worth It?” According to Jack K. Veroneau, deputy United States trade representative, the answer is no. We had the same discussion when the Jordan FTA was negotiated in which both the US and Jordan committed themselves to enforce domestic laws. This was not the end of the world as many conservative commentators contended, and so will these provisions not be a problem. We need the labor provisions to offset disruptive effects of...
  • Progressives engage in globalization debate

    June 26, 2007
    The Democratic Leadership Council — home to progressive Democrats -- last week announced a new Global Economy Project, whose mission is —
    . . . to develop progressive national policies designed to help preserve America's role as the global economic leader in the 2010s, and to help workers and families manage the stresses and take advantage of the opportunities created by the rapidly evolving global economy.
    Now, I'm somewhat skeptical of Progressives' history in the U.S. of using government institutions managed by the intellectual elite as their means-to-the-ends of a better, fairer society. (See just one of Fred Smith's many writings on this topic.) However, I'm a bit encouraged by the DLC's new project that seems to challenge...
  • Sarkocialism

    June 22, 2007
    The ONLY good thing about the EU in my opinion has been its commitment to a single market and attacks on state aid. The harmonization policy is a significant downside to that, of course, in that it works against jurisdictional competition, but the EU has helped get rid of a lot of horrible subsidy and protectionism in Europe. Looks like those days are over:
    A reference to "free and undistorted competition" was pulled from the draft after French pressure late on Thursday.The new text talks of a "social market economy aiming at full employment". The French President, Nicolas Sarkozy, used a late night press conference to confirm that the EU's 50 year old commitment to an "open market economy with free competition" had been dropped from the draft treaty. "There was some play on that, but today's Presidency...


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