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Policy makers must stand
firm against opponents of free trade
"Personal View" by Jack Kemp, Financial Times, 2 August
1999
Unless policymakers, including
the WTO, hold their ground in favour of free trade, the global trading system
will be captured by "third way" forces that will regulate the life out of the
world economy.
The warning in the "Personal
View" column of the Financial Times comes from Jack Kemp, a fellow of the Competitive
Enterprise Institute and a former member of the US House of Representatives.
Instancing the shrimp-turtle dispute between the US and Thailand over harvesting
practices at sea, Kemp argues that trade should not be allowed to become just
another powerful regulatory device rather than the engine of worldwide growth.
The writer discerns
an international
movement, which he says is hard at work to concentrate power over economic decision-making
in a "global elite" that is unaccountable to the popular will of any nation.
"This "third way" movement
is trying to create a centralised New Economic Order while hiding behind the
faade of pro-labour and pro-environment rhetoric. We cannot let them succeed,"
Mr Kemp says.
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