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- W2103709533 abstract "At first glance, Congressman from Kentucky and Congressman from Missouri don't seem to have much in common. The Kentuckian, Henry Clay lived in beginnings of industrial age. He struggled to foster compromise among America's competing political and economic interests. The Missourian, Richard Gephardt, lived on cusp of information age. Both men were fascinated by trade policy. Henry Clay saw tariffs as a tool for economic development; they could nurture American industry and could fund a national system of roads and bridges. In this way, northern producers could secure southern and fledgling western market for their manufactures and commodities. National harmony and economic prosperity would be result. Clay thought that right approach to trade policy would help Americans achieve a wide range of important policy goals [Eckes, 1995, pp. 19-25]. Congressman Richard Gephardt, in contrast, feared that trade policies thwarted achievement of other important policy goals such as protecting environment. He believed the terms of trade are also an implicit statement of moral values.1 Thus, trade agreements must be designed to make global markets more equitable as well as more efficient. We must not negotiate away our jobs and our living standard based on outdated theories.. .about trade and international economics. In his view, future trade agreements must be made more comprehensive and include internationally accepted rules covering envi ronment, human rights, labor rights, and food safety [Gephardt, 2/26/1997, p. 2]. Although two men had different views of what trade policy should achieve, historians, economists, trade policy analysts, and other observers have described both men as protectionists. After all, both Gephardt and Clay believed that unencumbered trade was not always in interest of" @default.
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- W2103709533 date "1998-01-01" @default.
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- W2103709533 title "Redefining the Terms of Trade? A Brief History of Social Protectionism" @default.
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