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Manufacturing is still critical to the economy United States. Clyde Prestowitz, says it's time to start realizing the positive spillovers that manufacturing creates... Read more  

Events & Activities

Stephen Olson at Chinese Development Institute Conference

 

 Clyde Prestowitz giving presentation to CDI...

 

Steve Olson teaching trade negotiations at the Mekong Institute...

 

Stephen Olson to speak at upcoming workshop organized by the International Institute for Trade and Development on 

"Economics of GMS Agricultural trade in goods and services towards the world market"

Chiangmai, Thailand Sep 8-12.

Op-Eds

(02/26/04) Clyde Prestowitz in the Financial Times

Letters to the Editor
02/26/2004
Financial Times (FT.Com) (c) 2004 The Financial Times Limited. All rights reserved.

Setting record straight over Nafta and the WTO

Sir, While I was flattered that Amity Shlaes named me US trade representative in a prospective John Kerry administration ("On trade, it's back to the dark ages", February 23), I would have been more flattered if she had taken a moment to do some research on my views.

Ms Shlaes argues that I would turn the US into "a protectionist fortress" by nullifying the North American Free Trade Agreement, reconsidering US participation in the World Trade Organisation and cancelling meetings with Pascal Lamy, the European Union trade commissioner. A Google search would have informed her that my article "Nafta Why We Hafta" was credited by the White House with being an important factor in the Senate affirmation of the treaty.

If Ms Shlaes had simply taken the time to read my recent book, Rogue Nation: American Unilateralism and the Failure of Good Intentions, she would have seen that I devote a whole chapter to calling for a strengthening of the WTO and to criticising the Bush administration's record agricultural subsidies as well as its imposition of emergency tariffs on steel imports, which Ms Shlaes apparently thinks are somehow leading us into a new age of enlightenment. As for cancelling meetings with Mr Lamy, a further reading of my book would have informed her that I am among the advocates of a US-EU free trade agreement.

Clyde Prestowitz, President, Economic Strategy Institute

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