Wednesday, July 30, 2008

Trade Talks Crumble

A story probably not getting the press it deserves (what with a HOUSING CRISIS and all) is the failure of the Doha Round of trade talks. We're going to keep running into issues with China, India, Russia and Brazil as their economies grow and ours takes up a smaller share of the world's total. Not content to be told what to do, these developing nations are not content to sit idly by and have their economies yoked while the big, industrialized nations reap the benefits of their previous dominance. Energy, trade, defense, diplomacy. We'll see these countries over, and over again disagreeing with us. The only saving grace here is that we and the Euros generally agree....

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