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Strategies & Market Trends : True face of China -- A Modern Kaleidoscope
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To: RealMuLan who wrote (606)11/15/2006 7:22:51 PM
From: RealMuLan  Read Replies (1) of 12464
 
[Why I am not surprised<g>]--"Relax, Democrats Might Not Be So Protectionist After All

Pundits worldwide suggest that Democratic control of the US Senate and House of Representatives after the November 7 election spells doom for free trade. But the Democratic Party has a tradition of economic internationalism, beginning with presidents such as Woodrow Wilson who served from 1913 to 1921. The party’s leaders have put forward a domestic agenda that aims at calming the anxiety of American citizens, according to trade policy analyst Edward Gresser. It includes an increase in the minimum wage, revising energy policy to reduce dependence on foreign oil, financing for stem-cell research, removing tax subsidies for overseas investments and restoring fiscal discipline. The party faces two major challenges: A shift in the global services economy as the internet allows employees to work from any point on the globe and China’s increasing influence over world manufacturing and commodity trade. The Democratic Party, with its wide range of views on trade, has the opportunity and the experienced players to propose innovative policies that provide long-term solutions for the US and the world. – YaleGlobal
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yaleglobal.yale.edu
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