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New Power for the President.(promoting global trade)(Brief Article)
The world has certainly changed. Not because the war in Afghanistan is all but over and the forces of terror are on the run, although that may be part of it. More important is President George W. Bush's other victory, a battle Bill Clinton lost miserably. That is in the war for free trade. Coupled with China's accession to the World Trade Organization this week, it makes the struggle against anti-globalists look well and truly won.
China gambled on globalization by joining the WTO. Chinese business, particularly its still massively inefficient state companies, will be forced to compete on the world's terms. It will have to phase out the quotas and subsidies that now protect these cosseted industries. The transition will be difficult, but the Chinese understand one key thing: if they are successful, competition will also make them rich.
On American shores, the prospect of free trade looks even more promising, as fast-track legislation squeaked through the House of Representatives last Thursday, 215 votes to 214. With Senate passage all but assured, Dubya now wields the power Bill Clinton so desired. Fast-track authority will give him the power to negotiate free-trade accords with minimal interference from Congress, which can no longer amend such agreements. It must simply vote ...
- The flying Arkansan. (Bill Clinton; North American Free Trade Agreement)...
- Magazine article from: The Economist (US) November 20, 1993 700+ words
...among American presidents, Bill Clinton has a passable working knowledge...and now the North American Free-Trade Agreement (NAFTA), which...run against the spirit of free trade and run up taxpayers' bills...campaigning vigorously for free trade (albeit diluted by the ...
- NAFTA: an empty victory? Bill Clinton won the contentious battle with Congress...
- Magazine article from: U.S. News & World Report Krugman, Paul November 29, 1993 700+ words
...vote was a great victory for Bill Clinton and for free trade against protectionism. But...North American economy. With free trade the United States and Mexico...on--then this victory for free trade will turn out to be the beginning...
- Clinton backs NAFTA but will demand amendments for workers, environment....
- Magazine article from: WWD Barrett, Joyce October 5, 1992 700+ words
...Democratic presidential candidate Bill Clinton endorsed the North America Free Trade Agreement Sunday in a major...Clinton has been silent on the free trade agreement since President...have expressed concern that free trade between the U.S., Mexico...
- Insurers may yet back Clinton for President. (Bill Clinton; free-trade...
- Magazine article from: National Underwriter Property & Casualty-Risk & Benefits Management Friedman, Sam March 11, 1996 700+ words
...written a number of editorials supporting free trade and urging the insurance industry to...historic initiatives like the North American Free Trade Agreement, I feel obliged to point out...grateful to President Clinton for his free - trade efforts. That includes insurers, ...
- Clinton decision not to reopen NAFTA talks gets backing from Sen.-designate...
- Newspaper article from: The Oil Daily Hylton, Hilary January 12, 1993 700+ words
AUSTIN, Texas -- President-elect Bill Clinton was preaching to the Texas choir last week when he said...de Gortari, that he would not reopen the North American Free Trade Agreement (NAFTA). "I don't believe the agreement needs...
- Clinton Planning Pro-NAFTA bash on White House lawn on Tuesday; five former...
- Magazine article from: Daily News Record Ostroff, Jim Barrett, Joyce September 10, 1993 700+ words
Washington (FNS) - Led by Bill Clinton and a bevy of former presidents, the White House has slated...to launch its offensive to win approval of the North American Free Trade Agreement. Meanwhile, U.S. trade and congressional officials...
- Clinton to key CEOs: the aim is free markets. (Bill Clinton, free trade systems)
- Magazine article from: WWD Ramey, Joanna March 4, 1993 700+ words
...system." "I think his direction is free trade and open markets," said Linda J. Wachner...pep rally" for the North American Free Trade Agreement, follows his first major speech...granting Caribbean nations the same free-trade treatment as Mexico would receive under...
- A glance at the clock: free trade. (Carlos Salinas de Gortari, Bill Clinton...
- Magazine article from: The Economist (US) January 16, 1993 700+ words
...He had just come from a meeting with Bill Clinton, the first encounter of a foreign leader...confusion over Mr Clinton's position on free trade. Some Mexicans can recite nearly word...side agreements to the North American Free Trade Agreement (NAFTA) on the environment...