Thursday, September 11, 2003

Discussion by Oliver Kamm about why he thinks that the "fair trade" arguments against EU (and by unspoken extension, US) protectionism miss the point - that the factors most damaging to third-world countries are their internal economic disruptions caused by what he calls "import-subsitution strategies". I *think* I understand what he's saying, but I'm not clear on how this addresses the tangible arguments of countries like Mali, who complain that US subsidies of American cotton producers (my customers) make Malian cotton unmarketable in the global market.

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