Posted by Todd Zywicki:
The Center Abandoned:
http://volokh.com/archives/archive_2005_06_05-2005_06_11.shtml#1118062562
Terrific [1]editorial in the Washington Post today beautifully
summarizes the case for CAFTA. Opening paragraph:
NOBODY IS saying that the proposed free-trade deal with Central
America and the Dominican Republic will work miracles. Yes,
regional free-trade deals boost prosperity much less than global
ones. Yes, free trade by itself is not a wonder cure for Central
America's poverty. And, yes, the deal could cause some dislocation
to workers in the United States, though 80 percent of Central
America's exports to the United States are duty-free already. But
these legitimate reservations do not change the bottom line: The
deal promises important economic and foreign policy advantages. The
fact that nearly all Democratic members of the House oppose this
bargain -- even the traditionally pro-trade New Democrats have come
out in opposition -- is a depressing sign of the party's
abandonment of Clintonite centrism.
References
1.
http://www.washingtonpost.com/wp-dyn/content/article/2005/06/05/AR2005060500967.html
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