Much of the poverty of Africa has to do with the devastation imposed by Europe
and North America. Yes, they have been plauged by corrupt leaders also, but
that was probably also fostered by the same powers.
Now, the idea is to intergrate more closely into the global economy with a
minimum of local control. Roger M. will do ok either way. Just because it is
in his interest to oppose such arrangements does not make the opposition
irrational.
Brad De Long wrote:
> >Since capital is so much more mobile than labor, the free movement of
> >capital will give far more advantages to the employers then the employees.
> >
> >Part of the story is also the opening up of agriculture to free trade so
> >that people will be swept off the land and forced into low-wage jobs which
> >will not create much opportunity. We saw this in Mexico.
> >
> >
> >Michael Perelman
>
> Roger Milliken thinks that he will lose a *lot* of money if the
> quotas on African textile imports into the United States are removed.
> Are you saying that he is a bad judge of his own interests, and that
> he will actually profit *more* if Africans export more textiles to
> America?
>
> Brad DeLong
--
Michael Perelman
Economics Department
California State University
Chico, CA 95929
Tel. 530-898-5321
E-Mail [EMAIL PROTECTED]
