Friday, September 5, 2014
Fair free trade?
Here is an article about the creation of free-trade zones by Nicaragua's left-wing, anti-neoliberal government. I think the article does a good job in a limited space of exploring the conundrums and trade-offs faced by any small, poor country trying to balance the opportunities for economic growth offered by the global economy, with the necessity of ensuring social justice for the poor. Some may see Nicaragua's policies as a sell-out, but I am intrigued by the possibility of harnessing the obvious power of free trade while insisting on certain basic protections and dignity for workers. And NIcaragua's tripartite collaboration between government, businesses, and labor reminds me of the similar agreements that fueled the USA's unprecedented, well-distributed prosperity in the post-War years.