W Needs to Lead on Trade
CSM wants W to do something about the Doha Round. They're sympathetic to his challenges with the Congress but feel that W need needs to be a leader on trade.
posted by theCardinal @ 11:34 PM
International Views
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2 Comments:
More countries are disagreeing with the direction of the WTO. The WTO at present encourages the levelling of labour costs, and standards of living, around the world; winners in trade are those with the biggest comparative advantage - principally lowest labour costs. Should the international public organisation have another aim?
PINR reported last week on the increasing number of countries who disagree with the trend we are seeing: "France's turn toward protectionism follows a global pattern where states with advanced economies are shielding their domestic industries from foreign competition and from potential state rivals."
But how do you go about changing the aim of the WTO? The United Nations recently held a conference to discuss reform of its organisation.
Changing the rules of the global economy won't be easy. But the protection of trade in the developed world is a growing practice. The UK may now be about to go with the flow and shield itself.
"I intend [the report requested] to develop a clearer joint understanding across Government and with industry of the technologies and industrial capabilities which are essential for us to retain on shore."
"Most obvious candidates for internal change are in our procurement strategies. . . we also need fresh approaches to demonstrating value for money." Hear, hear for VFM for the taxpayer.
"I am demanding gritty conclusions on shipbuilding and ship support; fixed wing aircraft etc"
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