Futility of Trade Sanctions

While I cannot say I agree with his every point, Roger Howard has written a sobering article about trade sanctions for Foreign Policy in Focus.
Comments:

The problem with trade sanctions, and trade policy in general, is that things are never done evenly. If free trade were embraced globally, the U.S. would have a fighting chance of selling products on a global level. Instead, we trade "freely" with everyone, meaning we buy their products and they refuse to buy ours. Pity. BTW - this is a REAL insightful blog, glad I found it!

Posted by Anita on January 07, 2007 at 09:47 AM PST #

Anita - Thanks for your insightful comment.

Some "new economy" economists have down-played the importance of manufacturing. Manufacturing is not just about the grunt work of production. It involves the delicate art of putting together deals with large numbers of suppliers and customers and the continuous learning on the production lines. Case in point: Most OEMs (Originaly Equipment Manufacturers) have ended up becoming ODMs (Original Design Manufacturers).

Posted by M. Mortazavi on January 07, 2007 at 01:47 PM PST #

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