looking beyond borders

foreign policy and global economy

The China Question

Politicians pushing globalisation like Clinton may have told the public that the purpose of NAFTA and of China’s admission to the World Trade Organization (WTO) was to open the closed markets of Mexico and China to “American products made on American soil, everything from corn to chemicals to computers.” But U.S. multinationals and their lobbyists 20 years ago knew that was not true. Their goal from the beginning was to transfer the production of many products from American soil to Mexican soil or Chinese soil, to take advantage of foreign low-wage, nonunion labor, and in some cases foreign government subsidies and other favours.

Read Here – Tablet

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