Wednesday, October 26, 2005

Race to the Bottom: Jobs, Trade, Deficit and Justice

Race to the Bottom: Jobs, Trade, Deficit and Justice
By Alan Tonelson, fellow, U.S. Business and Industry Council

What is the difference between free trade and fair trade? Who wins and who loses when multinational corporations tap into a global surplus of workers? Why should Americans be concerned about the growing trade deficit? With off-shoring, outsourcing, stagnant wages, and declining benefits, American workers are worried.

Alan Tonelson examines the role that globalization of trade and labor plays in their lives. No one is exempt, he argues, from low-wage textile workers to high-tech aerospace engineers. What decisions need to be made in Washington and around the world so that labor and trade policies assure prosperity for working people in the era of globalization?

Alan Tonelson is a fellow at the US Business and Industry Council. He has been following trade and labor issues for more than a decade and is the author of numerous articles in national publications as well as the book The Race to the Bottom: Why a Global Worker Surplus and Uncontrolled Free Trade are Sinking American Living Standards. In November, 2004, he was interviewed for PBS Frontline's examination of Wal-Mart, Is Wal-Mart Good for America?

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