Posted on 09/29/2016 1:56:45 AM PDT by 2ndDivisionVet
The International Monetary Fund has warned that free trade is increasingly seen as benefiting only the well-off and that help is needed for those whose job prospects have been damaged by globalisation in order to put fresh momentum behind removing barriers to international commerce.
In a chapter from the half-yearly World Economic Outlook study released ahead of its annual meeting next week, the IMF said the weakness of the global economy, rather than a wave of protectionism, had been largely responsible for the sharp slowdown in trade growth over the past four years.
But it said the uptick in protectionist measures since the financial crisis had “not been innocuous” and stressed that anti-trade sentiment could harden.
The IMF noted there had been studies showing “significant and long-lasting adjustment costs” for those whose job opportunities had been impaired by the structural changes associated with the trend, even if the lower prices generated by globalisation helped those on low incomes....
(Excerpt) Read more at theguardian.com ...
Free trade sounds great: two or more nations, freely trading goods and services across national boundaries. However, what do you do when one country manipulates its currency and tax policy (the VAT for example) to give itself an unfair economic advantage?
http://www.wnd.com/2007/02/39999/
I trust Trump to level the so called playing field regarding trade.
The US could take a page from the Chinese, who require that anyone who wants to sell to the Chinese market, must manufacture their goods in China. If the US did that, it would greatly increase the amount of jobs and reduce the deficit considerably.
I (completely) agree with you.
BOTH PARTIES are for sale, to the people who have devastated what used to be the strongest manufacturing base on the entire planet, and sent a BUNCH of it, to China.
Getting nothing for America in return. Now Americans buy stuff in our stores, which was made in China, no Americans make the stuff, and the profits are all going offshore.
Both parties are for sale, in the process.
Trump is the FIRST PERSON to say we need to change that. He is the first, in over one entire generation. Everyone else is for sale.
He is saying the right things, and he is wealthy enough, that he cannot be bought.
Trump is completely right about trade.
He is the first person, to actually get this.
In either party.
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