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Reply #5: I agree that Third World agriculture has been devastated by subsidezed [View All]

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Home » Discuss » Archives » General Discussion: Presidential (Through Nov 2009) Donate to DU
pampango Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Oct-16-07 07:26 AM
Response to Reply #2
5. I agree that Third World agriculture has been devastated by subsidezed
farming in the developed world. The last round of trade talks fell apart because of the rich countries refusal to reduce agricultural subsidies, so that Third World farmers could compete.

My point was that, while NAFTA may be easier to "fix" either by withdrawing from or renegotiating it, since it is an agreement with just two other countries, it is probably not the cause of most of the economic dislocation we have endured in the past 15 years.

The expansion of the economies of China and India and the outsourcing and exports they are known for was caused by their membership in the WTO. IMHO they have caused more problems for American workers than NAFTA and Mexico have. The WTO has 150 members and governs practically all international trade. To withdraw from it would be a very big deal and renegotiating its rules, as evidenced by the latest Doha round of talks, can be very complicated and frustrating.
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