Krugman (1999)- Enemies of the WTO

Krugman (1999)- Enemies of the WTO - willing to participate...

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Enemies of the WTO: Bogus Arguments against the World Trade Organization By: Paul Krugman Krugman, Paul. 1999. “Enemies of the WTO: Bogus Arguments against the World Trade Organization.” Slate.com. Nov. 24, 1999. “…the much-feared power of the WTO to overrule local laws is strictly limited to enforcement of the spirit of existing agreements. It cannot in any important way force countries that are skeptical about the benefits of globalization to open themselves further to foreign trade and investment. If most countries are nonetheless eager or at least
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Unformatted text preview: willing to participate in globalization, it is because they are convinced that it is in their own interests.” Remember that the “exploited” exporting workers in the 3rd world were even poorer before and that their counterparts in autarkies are even worse off “But the world is not run for the edification of tourists. It is or should be run for the benefit of ordinary people in their daily lives.” Takes a jab at Bostonians for liking ‘Canadian Divas’...
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