Is the Global economic order fair?
470694
The world Economy is a triangular Society:-\n\nThe Very Rich  >>> 20%\n\nThe Rich >>>> industralized nations  45%\n\nThe Poor & the Very Poor >>> 3rd & 4th World 35%
1013972
Two strong super powers with equally strong economic power.  Competition is good for the world's markets....economically speaking.  I think the U.S. has done a very good job maintaining it's military and economic power.  Imagine what other countries would do with this power.  They would not be so giving, so sparing, nor friendly.
504337
Given the fact "trade rules" are created and implemented by the wealthiest nations (G8), it is highly unlikely poorer nations will derive any direct benefit from those rules.\n\nIf "free trade" was "fair trade," it might be possible; but it isn't, so it isn't.
389124
I'm generally for free trade.  It makes the world more "efficient" because each country is specializing and exporting its excess.  Using protective tariffs to get foreign products more expensive just makes the consumers of the country pay higher prices overall.  The country will eventually fall behind the other countries of the world.\n\nProtectionism might save some jobs in the country overall, but the extra wages are going to be offset by a higher cost of living.  It might be slightly different if you have an obnoxious country completely undercutting and taking a loss to drive out competition, but I'm more talking about the normal case.
278217
First guy's right.  I think Bush's stance is that why should we follow all these expensive rules if other countries don't have to.  (By other countries, we're talking developing nations - so the argument is that as a developed nation, we have a greater responsibility.)\n\nOf course, Bush's argument has a point -- how can we compete in an increasingly global market if we start off already behind (our companies have to adhere to standards that other countries companies don't.)
526779
I think your talking about trade deficit.  It grows higher each year because outside countries can sell cheaper here and the other countries economy, like China, have a fixed value for their currency which is undervalued like 40%.\n\nThe USA doesn't force fairness for the cheaper products.  And don't forget - America is for sale.  We are selling ourselves to outside countries.
837947
All we have to do is change the rules. Bring back the tariffs that Reagan weakened. The corporations want to set up shop overseas no problem more power to you, but if you want to bring your goods back it will cost you to the point that they will have to set up in both countries or just stay here. Right now if China wants to ship and sell a car in American they pay 2% tariff but if we want to sell cars in China we pay 20% tariff and in S. Korea we let them sell cars here but we can`t sell cars there. How is this fair trade?
264561
Yes, a difficult question. \n\nThe CIA World Factbook states that the GWP (gross world product) was $59.38 trillion in 2005
1060820
Yes, it is absolutely ok...\n\nYou can take some notes from http://www.ratioworld.com\n\nIf u wud like any more info, include that in "Additional Info" and I'll answer u...
689476
Canada is one of the richest countries in the world so it should use that wealth to help poorer countries.  This should be done, not by handing out money but by Fair Trade.  The rich West keep poor countries poor by subsidizing their own crops and factories and forcing poor countries to let them in under cutting local prices, putting farmers out of business.  FAIR TRADE not Free Trade
79868
With the technological advances that shrink our world in the economic sense (think transportation and communication advances over the last 25-75 years), a global economy is a reality. Although the emotional negative of overseas outsourcing is real, the reality of the situation is that artificial obstacles to all aspects of free trade should be few and far between.
236397
It is the only way to ensure equal economic opportunity.  All other systems try to make equallity of outcome, which is impossible.  Even at it's best socialism and communism stifles innovation and opportunity.
520773
It would be good ole Democracy with two exceptions....There would be laws on profit margins. There would also be heavy tarrifs on imports! This is solely what is causing our economics to go downhill.
722426
Well there's the debate whether if those effects are positive or negative in first and third world countries.  In a little more than 10 years after the creation of the WTO the world's poor nations became poorer and the rich nations wealthier.  I think any economic policy to be implemented ought to involve social development as well... it doesn't make sense to make the global exchange more efficient if the majority of people will suffer from it in the end.
190868
i dont think it is fair. it is an example of double standards. i hope in next few yrs, things like this wont exist.
978429
To be honest, I don't think it's fair at all.  The world should be for everyone, isn't it?  But people in power don't seem to think so.
871531
They also keep wages low. I don't think that's a fair trade. The economy wouldn't crash though. That's a myth perpetuated by corporations that make obscene profits and would like to keep it that way. They are not stupid enough to raise prices to the point where most people couldn't buy their products.