French Socialist Énarque 'gets it right' shocker
This being Pascal Lamy, head of the WTO:
"They are all stressing that lessons from the Great Depression have been learned, and that the many policy mistakes that were associated with it will be avoided. But one of the important lessons of the Great Depression, which we must not forget, is that “protectionism” and economic isolationism do not work. They are policies of the past, which should have no place in our future.
....
Some of these topics, if successfully addressed, can already go a long way towards addressing problems such as the food price crisis and climate change. The reduction of agricultural tariffs and subsidies would allow agricultural production to shift more towards the developing world; enabling supply to better adjust to demand; easing the structural causes of the food crisis. Similarly, trade opening in environmental goods and services, in particular in climate-friendly technology, can make vital pollution prevention and reduction equipment more accessible to countries in need; thereby easing the climate crisis.
Less of the climate change alarmism please, but otherwise right on the money.
"They are all stressing that lessons from the Great Depression have been learned, and that the many policy mistakes that were associated with it will be avoided. But one of the important lessons of the Great Depression, which we must not forget, is that “protectionism” and economic isolationism do not work. They are policies of the past, which should have no place in our future.
....
Some of these topics, if successfully addressed, can already go a long way towards addressing problems such as the food price crisis and climate change. The reduction of agricultural tariffs and subsidies would allow agricultural production to shift more towards the developing world; enabling supply to better adjust to demand; easing the structural causes of the food crisis. Similarly, trade opening in environmental goods and services, in particular in climate-friendly technology, can make vital pollution prevention and reduction equipment more accessible to countries in need; thereby easing the climate crisis.
Less of the climate change alarmism please, but otherwise right on the money.
Labels: free trade, WTO
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on Thursday, September 25, 2008 at 3:05 pm.
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