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Politics : Foreign Affairs Discussion Group

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To: frankw1900 who wrote (14305)	12/21/2001 12:26:43 AM
From: Hawkmoon	Read Replies (1) of 281500

Right on. Half the economic problems the underdeveloped world have are the tariff barriers and AGRICULTURAL SUBSIDIES of the US and EU. I think you're forgetting the issue of currency disparity, AS WELL as the continuing structural barriers that exist in Japan, which have weakened that economy and left it heavily in debt (to the tune of 130% of its GDP). Tariffs can be emplaced to offset not only cheap labor used by developing nations, but also against systemic attempts to use currency depreciation as a means of making a nation's goods more attractive in the target market. Japan and China are major threats to the US economy as they both rely upon favorable currency exchange rates to dump their products into our markets. As was reported before, even Mexico is seeing competition from hyper-cheap labor from China. I don't mind helping an economy out with its attempt to develop. But there is only so much we can absorb before we find ourselves undermining our own ability to produce goods. Hawk

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