NeoProtectionistThe New Protectionism = Wordly Engagement
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So, yes, be concerned about job losses from offshoring, and try to help those who are affected through various government programs. But offshoring is not necessarily something we should try to stop, even if we could, as there are many people who benefit from offshoring, including a large number of people in developing countries. It may be one of the best development programs available.
The Wall Street Journal has a great article from the co-directors of the European Centre for International Political Economy in Brussels on the dangers of big government at home for our open trade policies abroad.
This so-called managed trade or new protectionism lasted well into the 1980s, affecting about half of international trade. Global trade dipped after decades of solid growth—volumes actually shrank in 1976 and 1983, with anemic growth well under 5% between 1981 and 1987. This deepened and prolonged economic stagnation; global GDP growth was under 3% in 1974-5 and 1980-83. This kind of creeping protectionism, manifested in complex regulatory barriers and emerging slowly, insidiously, from bigger, more arbitrary government at home, is the big danger now.
An unmentionable truth of the global economy is that we, America look like the oppressor. Sure the Europeans do too but they haven’t been as forceful of late and are getting something of a pass.
In Africa we look like the Dutch and the British, in Asia (India, Pakistan, Bangladesh) we look like the british. In SE Asia we look like the french and, throughout the brown, red, yellow, black world we are the “other”, the master, the oppresor and the expelled.
Alan S. Blinder, a professor of economics and public affairs at Princeton writes about the desire on the part of many Americans to “Stop the world“.
Finally, someone with a voice is remarking on this in the context of the current campaigns.
Among Democrats, it may manifest itself in attitudes toward international trade that range from lukewarm support to outright hostility. Among Republicans, it shows up in attitudes toward immigration — and most things foreign — that border on xenophobia
Yes, I know – it’s the sub-title of Dr. Strangelove. And just like the surprise Friedman expresses on behalf of the Iranians, I’m surprised it this movie hasn’t become an anthem for the current presidency.
Mr. Friedman in his current column uses a fictional “Iranian National Intelligence Estimate of America” to prove some very important points about opportunities lost both in the current administration and among the current crop of candidates.
One particularly telling point is that real foresight would have had us spending on Energy Independence instead of the “War on Terror“.
I just watched Charlie Rose interviewing Fred Thompson.
Mr. Thompson was talking about his Federalist stance. He was talking in particular about education. Suggesting that one of the ways we would improve the US education system is to push more authority to the states themselves.
I present some alternative views: Finland and Canada.
They’re kicking our asses and we’re lucky they have such small populations.
I’m pretty darn confident their federal governments are involved
And then there was Nehru. Many credit Nehru with the creation of India’s IITs. And as we well know, India’s got it going on when it comes to global competition.
(n) protectionism (the policy of imposing duties or quotas on imports in order to protect home industries from overseas competition)
Neo-protectionism is a challenge to some of the other neos out there. The neoprotectionist is intended as a rigorous review of how we, in the United States of America, need to adjust our focus to return to a competitive position in the new world. The New World Order is not what we thought.