Word: trading
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Dates: during 1990-1999
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...opponents, who left claiming victory, believing that what they hate about globalization will now come into focus as clearly as the familiar arguments in favor of it--that freer trade creates jobs for everybody and lower prices for consumers. Indeed, free trade has been an important reason for the '90s boom. Even as Seattle assessed the damage on Friday, the Dow was soaring nearly 250 points on news that the unemployment rate was stuck at its 30-year low. But the protesters were in Seattle to insist that globalization has become another word for capitulation to the worst excesses...
...Trade issues are anything but simple. Demonstrators who want justice for poor nations were reminded last week that Third World delegates to the WTO don't want developed nations to force them to allow union organizing. Cheap labor is their competitive advantage. Environmentalists who want the WTO to keep its hands off U.S. laws that protect endangered species would happily force Venezuela--against its sovereign will--to clean up its gasoline exports...
...part to advance the right of states and localities to boycott companies that do business in Burma, now called Myanmar, which is one of Asia's most saw-toothed dictatorships. But the U.S. State Department sees such boycotts as a violation of federal sovereignty and free trade. Then there are the environmentalists. To protect sea turtles, an endangered species, they want an import ban on shrimp caught in nets that don't have escape hatches to let the turtles swim away. Congress has adopted such a ban, but the WTO forbids it; member nations can't block imports...
...aftermath of the Battle of Seattle, no single objection to the WTO may stand out any better than it has before. But from now on, every objection will be illuminated by the fires of last week. The WTO trade ministers and other delegates had come to Seattle to draw up an agenda for a new round of global trade talks, which are scheduled to last about three years and take up issues like European farm subsidies--of huge importance to U.S. and Canadian agricultural exporters--and whether to tax sales on the Internet...
...groups are crucial parts of the coalition that Al Gore hopes will take him to the White House. At two appearances the following day, Clinton departed from his prepared text to emphasize that it would be necessary from now on to explain to people more clearly the ways that trade benefited them and to open up the WTO so that its rulings were more legitimate in the eyes of the people they affected. "If the WTO expects to have public support grow for our endeavors, the public must see and hear and, in a very real sense, actually join...