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Free Trade

because of workers’ conditions, not realizing that it is due to keeping them closed. When the federal government closes U.S. markets to countries with governments that deny their citizens certain civil rights, it robs those citizens of one more freedom and closes the market that is the best instrument for creating wealth and preserving freedom. In conclusion I would like to say that the U.S. economy has had outstanding growth and productivity performance during the period of 30 years, accompanied by the lowest levels of unemployment and inflation. This suggests that trade and investment liberalization support strong economic performance. Any major upsurge could cause smaller profit expectation and reduce the attractiveness of the United States to foreign investors, thereby possibly prompting a major correction of the U.S. stock market. Such a correction could reduce consumption - possibly reversing the recent decline in personal saving-and imports, thus perhaps jeopardizing the still fragile recovery of countries most effected by the financial crisis, which erupted in 1997. ...

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