Sunday, December 18, 2005

WTO roundup :: Instapundit.com

Instapundit gives a nice roundup of news and commentary on the protest surrounding the WTO meeting in Hong Kong. Check it out.

One point though: He quotes a news source as writing, "[protestors] are concerned that WTO efforts to open up global markets will enrich wealthy nations at the expense of poor and developing countries." His rejoinder: "Actually, of course, they have this exactly backwards."

No. Opening up global markets will not enrich rich nations at the expense of the poor nations. And opening up global markets will not enrich the poor nations at the expense of the rich nations.

Opening up global markets will enrich rich and poor nations at the expense of the protected industries in the rich countries.

0 Comments:

Post a Comment

Links to this post:

Create a Link

<< Home