APEC summit concludes, leaders issue declaration to urge new growth paradigm

[Divine Discontent]

Source: chinaview

The APEC zone, stretching from China to Chile, has 2.7 billion population and accounts for 54 percent of the world's economic output and 44 percent of the global trade.

Today, just as the world's economic outlook improves, some countries are being accused of injecting protectionism measures into their stimulus packages to protect local jobs from global competition. Trade disputes among APEC members are also on the rise.

"Protectionism is killing North American companies," Mexican President Felipe Calderon said in Saturday's APEC CEO Summit, urging Washington to sooner implement a trade pact among the United States, Canada and Mexico.

"President Obama is facing severe political constraints that run counter to free trade," said Calderon, whose Southeast Asian counterparts also voiced their concern over Washington's stand on trade liberalization.


(more at link)

Read more: http://news.xinhuanet.com/english/2009-11/15/content_12462250.htm

[Go2Peace]

1. globalism, as currently implimented, is a farce, and is causing great suffering

[Jeneral2885]

2. But...

Protectionism is how today's Western countries developed (see Chang, 2003, Kicking away the ladder)

[Bigmack]

3. Yes, but you forget rule # 1

of the "developed" world....."Don't do as I did, do as I say!" Ms Bigmack

[Jeneral2885]

5. And why

should all developing countries follow that rule?

[Divine Discontent]

6. yes, that's a major problem - these smaller countries want their share of the pie now, but on

different areas of finance/business/production, the giant behemoths in the room tell them they can't do it the way we did to get where we are today!

[Jeneral2885]

7. Chang

Ha-Joon Chang seems to think these small countries should grow with certain protectionist measures.

[bhikkhu]

4. Zero growth is the only sane and sustainable paradigm

I got a "page not found" error on the link, so I don't know what kind of growth paradigm they're talking about.