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Trade and the Economy - How Much of America's Future is Tied to Foreign Economies?: Left of Center View

The fate of the entire population of the world is interconnected. Like it or not that is the way it is. We depend on other nations for our survival and vice-versa. Our continued existence depends on building up a healthy global economy with an eye to the long term health of the planet. Isolationism and protectionism will not solve the problems of the nation economic or otherwise. If we want to have a sustainable economy with growth and prosperity for our people we must work with other nations of the world for the benefit of all.

Going it alone has historically been bad policy for the long term health of any country. When nations isolate themselves from the rest of the world they become pariahs that are not welcomed by the peoples of other nations. By choosing isolation they say to the world that they feel they donít care about the greater good of the world. Why on earth would any country want to work with people who donít care about them? The truth is they donít. Eventually even the ďfriendsĒ of nations that isolate themselves turn their backs on them in response to pressure from other nations with whom they want maintain good relations. Nations like North Korea eventually become so isolated that their people suffer constantly from a lack of resources and economic stability. At some point the people of those nations will turn on their leaders and overthrow them but in the interim they will suffer greatly for the lack of vision of their leaders.

If we want to survive as a nation we need to embrace the idea that we live in a smaller world now than we once did. Rapid international travel and the internet have closed the distances between nations both in terms of access and the exchange of ideas. In the new global reality we are in a constant state of interconnectedness with the people of the world. Their success and failure determines our success and failure. The decision-makers of the world need to understand that we can no longer operate under the assumption that any nation can survive in a vacuum. In the final analysis it will be the nations that work best with others that will ultimately control the destiny of the world.


LJ Finstermore - World Citizen | E-mail Comments on this column. | Click icon to Digg this article

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The Border Fence - Good Policy Or Waste Of Time And Money?

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Trade and the Economy - How Much of America's Future is Tied to Foreign Economies?: Right of Center View

Americans need to be able to rely on ourselves. As much as people want to try and globalize every issue a nation needs to be self-reliant. As we have seen from things like NAFTA, trade agreements can often do much more harm than good. Ross Perot had it right when he talked about the "giant sucking sound" of jobs leaving the U.S. after the passage of NAFTA. Our leaders have painted us into a corner by focusing so much on international trade and ignoring domestic jobs growth and sound fiscal policy. Itís time for us to right the ship at home and stop waiting for the rest of the world to bail our economy out.

While global trade is important at some level our leaders need to realize that the basis for strong global economic growth is each nation having a strong economic foundation of their own. We cannot plan based on the need for other nations to thrive economically. Our deficit spending and borrowing has weakened our national economy to the point of near collapse. Our elected officials need to stop trying to spend their way out of this mess with borrowed money. It is not sustainable. It is time for hard choices and serious belt tightening at the federal level.

We need to create jobs in America that support American growth. Businesses need to be encouraged to keep jobs here and foreign goods need to be scrutinized more closely to make sure they can live up to our standards. By allowing substandard foreign goods to undermine the sale of American-made goods inside our borders is helping nobody. We need to hold foreign goods to the same standards as American goods and make sure that American goods stand a chance of competing with goods made overseas on our store shelves.

The tax and spend liberals have been allowed to spend more revenue than the government takes in for several years and now they want to let the Bush tax cuts expire to do more damage. If we want our economy to improve there need to be incentives for businesses to create jobs and more responsible spending by our government. Hopefully after the November election we will get a Congress that gets it. Itís all up to the voters now.

Tony M. - California | E-mail Comments on this column. | Click icon to Digg this article

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The Border Fence - Good Policy Or Waste Of Time And Money?

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