Gatt the Experts View Hearing Before the Subcommittee On Economic Policy Tr
Gatt the Experts View Hearing Before the Subcommittee On Economic Policy Tr
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To quickly assess the difficulty of the text, read a short excerpt:
Would you say that is a fair characteriza- tion?
Mr. Bergsten. I think it is fair to say that trade liberalization in the aggregate in individual sectors tends to accelerate the pace of change. There is much change that is driven by international trade and external factors, anyway.
As I mentioned in my original response to the Chair, the Uru- guay round outcome will actually have an impact on that pace of change that is very hard to discern. Even in retrospect it will be hard to discern.
81-756... 0-94-2 14 We are talking about modest reductions in barriers phased in over a period of 10 years or so, and so even the sector that is most troubled or disrupted will face a verv slow phase-in of the change that will produce the adjustment problem, and should have time to deal with it.
So I don't think there is any risk of import surges or disruptive outcomes, but there is a modest acceleration of a trend that is al- ready underway.
Mr. FiNGERHUT. If I could, just one more question. Madam Chair.
What to read after Gatt the Experts View Hearing Before the Subcommittee On Economic Policy Tr?
You can find similar books in the "Read Also" column, or choose other free books by Trade United States Congress House Committee On Forei to read onlineMoreLess
To quickly assess the difficulty of the text, read a short excerpt:
Would you say that is a fair characteriza- tion?
Mr. Bergsten. I think it is fair to say that trade liberalization in the aggregate in individual sectors tends to accelerate the pace of change. There is much change that is driven by international trade and external factors, anyway.
As I mentioned in my original response to the Chair, the Uru- guay round outcome will actually have an impact on that pace of change that is very hard to discern. Even in retrospect it will be hard to discern.
81-756... 0-94-2 14 We are talking about modest reductions in barriers phased in over a period of 10 years or so, and so even the sector that is most troubled or disrupted will face a verv slow phase-in of the change that will produce the adjustment problem, and should have time to deal with it.
So I don't think there is any risk of import surges or disruptive outcomes, but there is a modest acceleration of a trend that is al- ready underway.
Mr. FiNGERHUT. If I could, just one more question. Madam Chair.
What to read after Gatt the Experts View Hearing Before the Subcommittee On Economic Policy Tr?
You can find similar books in the "Read Also" column, or choose other free books by Trade United States Congress House Committee On Forei to read onlineMoreLess
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