Tilted Forum Project Discussion Community - View Single Post - Outsourcing Bonanza: Vietnamese Trade Normalization

unlawflcombatnt · 12-14-2006, 10:28 AM

Trade policies of any nation are designed to better that nation itself. The doctrine of Comparative Advantage requires that both nations benefit and that trade increases total GDP in both countries. That is not what has been happening with U.S. trade policy. The increase in GDP and general betterment has occured exclusively in the 3rd world country (if at all), while reducing it in the United States.

In the case of NAFTA, trade with the U.S. has made most Mexicans poorer, as well as costing 4 million American jobs. The only people benefitting from this outsourcing are the multinational Corporations, who've increased their profits by reducing labor costs.

The goal of American trade policy has historically been to improve the American economy. If we want to help Vietnam, it should be through direct foreign aid to Vietnam and Vietnamese-owned businesses, not by giving assistance to American business & Corporations who want to substitute Vietnamese workers for American workers to lower their own costs of production for American markets.

unlawflcombatnt

Economic Populist Forum

EconomicPopulistCommentary

_________________
The economy needs balance between the "means of production" & "means of consumption."

12-14-2006, 10:28 AM	#5 (permalink)
unlawflcombatnt Upright Location: California	Trade Trade policies of any nation are designed to better that nation itself. The doctrine of Comparative Advantage requires that both nations benefit and that trade increases total GDP in both countries. That is not what has been happening with U.S. trade policy. The increase in GDP and general betterment has occured exclusively in the 3rd world country (if at all), while reducing it in the United States. In the case of NAFTA, trade with the U.S. has made most Mexicans poorer, as well as costing 4 million American jobs. The only people benefitting from this outsourcing are the multinational Corporations, who've increased their profits by reducing labor costs. The goal of American trade policy has historically been to improve the American economy. If we want to help Vietnam, it should be through direct foreign aid to Vietnam and Vietnamese-owned businesses, not by giving assistance to American business & Corporations who want to substitute Vietnamese workers for American workers to lower their own costs of production for American markets. unlawflcombatnt Economic Populist Forum EconomicPopulistCommentary _________________ The economy needs balance between the "means of production" & "means of consumption."