U.S. Trade Policy and Declining Manufacturing: Where do we go from here?

[6] Such a plan would involve development aid targeting key institutional capacity building

, debt relief where called for, and would require meeting benchmarks in key social standards. Japan and China could do the same in Asia, and Africa would need broad, multilateral assistance. A U.S.-led hemispheric "Marshall Plan" would foster regional integration, stimulating demand for high-wage, high-skilled exports from North America, which can be used to help the rest of the hemisphere grow develop more rapidly. U.S. policy must foster global growth, because slow global growth will pull imports to the U.S. while reducing demand for U.S. exports.

U.S. Trade Policy and Declining Manufacturing: Where do we go from here?

By: Paul Crist

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