What goes around in WTO, comes around in WTO
Wednesday, September 1, 2004 at 1:19PM "Trying to Stay Competitive, Cambodia Joins W.T.O.," by Keith Bradsher, New York Times, 1 September, p. W1.
"U.S. Loses Trade Cases and Faces Penalties," by Paul Meller and Elizabeth Becker, NYT, 1 September, p. C1.
Great story on Cambodia feeling "forced" to joint the WTO, lest it be "smothered" by the international garment industry trade and its "new rules." Cambodia joining only puts more pressure on Vietnam to do the same, suggesting a sort of WTO-driven domino theory that I find quite comforting in that Thomas Friedman sort of way.
But don't think I relish watching that sort of dynamic wreak havoc on Gap states only. I also enjoy watching the U.S. suffer at the hands of the WTO as well, because it forces us to clean up all those tariffs and sanctions that we unilaterally impose on other states thanks to the efforts of numbskulls like Robert Byrd. All I can say there is, You go Canada!
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