05-18-2012, 05:12 PM
We need treaties and international trade agreements; gotta stay in the global game so we don't get shut out. If everyone else is playing together and we're too busy guarding turf/domain to carve a strategic position in the global playing field, we could find ourselves with few partners and a worse domestic economy in the future. Tricky determining the right balance of import/export and outsourcing, especially when it comes to services and technologies (and when you weigh potential short term losses against expected long term gains).
I don't know if LOST is a good long term agreement or not. If it is, makes me wonder why it's never been ratified though it's been lurking around for 4 or 5 administrations. Possibly because it's not designed to fix an existing problem, but to prevent one or increase global equality? Most in the US know little about these global agreements that could have major impacts on our domestic economy and future international political decisions (via new partnerships) because we've got so much to focus on in terms of US economic stabilty on our own grounds. I think that will be changing as globalization of all product/service types naturally increases. Economic/trade evolution...
P.s. We've been doing business with China for over 4 decades. It's very challenging with the cultural differences that infiltrate into the business/economic realm, but it's a must, imo. We don't have to entirely trust them as long as the stipulations, contracts, and penalties/enforcement are prudent. If the governing body of any treaty or trade pact is independent, all members do have to comply or be pushed out.
JMO...
I don't know if LOST is a good long term agreement or not. If it is, makes me wonder why it's never been ratified though it's been lurking around for 4 or 5 administrations. Possibly because it's not designed to fix an existing problem, but to prevent one or increase global equality? Most in the US know little about these global agreements that could have major impacts on our domestic economy and future international political decisions (via new partnerships) because we've got so much to focus on in terms of US economic stabilty on our own grounds. I think that will be changing as globalization of all product/service types naturally increases. Economic/trade evolution...
P.s. We've been doing business with China for over 4 decades. It's very challenging with the cultural differences that infiltrate into the business/economic realm, but it's a must, imo. We don't have to entirely trust them as long as the stipulations, contracts, and penalties/enforcement are prudent. If the governing body of any treaty or trade pact is independent, all members do have to comply or be pushed out.
JMO...