Monday, December 3, 2007

Another reason not to vote for Hillary (or why globalization must continue)

One does not need to go very far to find a reason not to vote for Hillary. The latest reason - her stand on the Doha round of trade talks. Ms. Clinton has said that she will take "a hard look" at whether or not the Doha rounds were worth it. You can read more here.
There is a mountain of literature on why free trade is good for everyone and so I won't go into a lot of detail here (I'm sorely tempted to write an entry on economics 101 and the law of comparative advantage) but I will, instead, recommend that people read a couple of books:
  1. Why Globalization Works by Martin Wolf. It is a superb overview of the economics of globalization and why it is so important that we do not go back to the protectionist past that contributed to the severity of the Great Depression.
  2. In Defense of Globalization by Jagdish Bhagwati. Bhagwati presents an impressive argument on how free trade has improved the lot of people both in the third world and in the first.

Both books serve to dismantle many of the myths of globalization such as jobs being stolen from rich countries etc. and they present a powerful argument about why without globalization we would all be poorer.

1 comment:

Nadia X said...

Yeah it make sense now. I figured that you were a republican. hillary isn't against globalization, she just wants to take a break from new trade deals. Seeing as how nafta was such an unmitigated success (?!), can you blame her? You should do your homework before you blab off.
hillary will make a great president.