US Trade Representative Schwab wrote about trade liberalization. He cited Columbia University Economics Professor Xavier estimating folks living in poverty globally declined by 350 million over last 3 decades, China, which has dramatically expanded trade,saw the number of its people in poverty declined by 377 million.
I have been advocating free and open trade to honor the Law of Comparative Advantage in prior blogs for reader's reference. November 15, 2008 G-20 Conference is to be noted for China's role in trade for the benefit of all nations.
Page A4: Peter Drucker, the management guru has European wisdom and American optimism. I would like to have Confucian wisdom with American upbeat.
Francis Xavier Shieh on November 13, 2008 at 3.25 p.m.
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