Jim Davis on Free Trade
Former Democratic Representative (FL-11, 1997-2007)
Write New Rules for the Global Economy
The rise of global markets has undermined the ability of national governments to control their own economies. The answer is neither global laissez faire nor protectionism but a Third Way: New international rules and institutions to ensure that globalization goes hand in hand with higher living standards, basic worker rights, and environmental protection. U.S. leadership is crucial in building a rules-based global trading system as well as international structures that enhance worker rights and the environment without killing trade. For example, instead of restricting trade, we should negotiate specific multilateral accords to deal with specific environmental threats.
Dear President-Elect Bush,
Members of the Senate New Democrat Coalition and the House New Democrat Coalition [are] pro-growth, technology-oriented Democrats; we believe that the key to economic growth is the expansion of free and fair trade. We have provided the Democratic votes on key trade bills in the past, including the recently signed China trade bill, and the Africa and Caribbean trade initiative. We believe that granting Fast Track trading authority to the President of the United States for expansion of trade in the Americas is the next frontier. Many of our New Democrats supported Fast Track authority when President Clinton proposed it, and are inclined to support Fast Track authority should you propose it. However, in order to ensure a stronger bipartisan coalition than the one we have been able to assemble for previous free trade agreements, we need to work with you and your Administration on provisions that will provide for reasonable consideration of issues relating to labor and the environment. We also need to continue to expand the “winner’s circle” both domestically and abroad.
The mission of the Cato Institute Center for Trade Policy Studies is to increase public understanding of the benefits of free trade and the costs of protectionism.
The Cato Trade Center focuses not only on U.S. protectionism, but also on trade barriers around the world. Cato scholars examine how the negotiation of multilateral, regional, and bilateral trade agreements can reduce trade barriers and provide institutional support for open markets. Not all trade agreements, however, lead to genuine liberalization. In this regard, Trade Center studies scrutinize whether purportedly market-opening accords actually seek to dictate marketplace results, or increase bureaucratic interference in the economy as a condition of market access.
Studies by Cato Trade Center scholars show that the United States is most effective in encouraging open markets abroad when it leads by example. The relative openness and consequent strength of the U.S. economy already lend powerful support to the worldwide trend toward embracing open markets. Consistent adherence by the United States to free trade principles would give this trend even greater momentum. Thus, Cato scholars have found that unilateral liberalization supports rather than undermines productive trade negotiations.
Scholars at the Cato Trade Center aim at nothing less than changing the terms of the trade policy debate: away from the current mercantilist preoccupation with trade balances, and toward a recognition that open markets are their own reward.
The following ratings are based on the votes the organization considered most important; the numbers reflect the percentage of time the representative voted the organization's preferred position.
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NY-25:Ann Marie Buerkle