James Surowiecki: The Free-Trade Paradox

The New Yorker has published (May 26, 2008) an article titled "The Free-Trade Paradox" by James Surowiecki. Recently both Democratic presidential candidates, Sen. Hilary Clinton and Sen. Barak Obama, signed on as sponsors of a new bill that imposes higher tariffs on China if it doesn’t revalue its currency. Surowiecki explains that this position reflects a

"...belief that free trade with developing countries, and with China in particular, is a kind of scam perpetrated by the wealthy, who reap the benefits while ordinary Americans bear the cost...."

However, the situation is much more complicated than this, says Surowiecki. Read the full article at: http://www.newyorker.com/talk/financial/2008/05/26/080526ta_talk_surowiecki

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Global Issues in China: James Surowiecki: The Free-Trade Paradox