Contact FreedomWorks

400 North Capitol Street, NW
Suite 765
Washington, DC 20001

  • Toll Free 1.888.564.6273
  • Local 202.783.3870

Press Release

    WTO Report Card

    04/30/2000

    ABSTRACT FROM CATO

    By promoting free trade, the World Trade Organization helps pursue global competition between producers. Competition has many effects, including lower product prices, higher productivity, increased wages, and improve standards of living. Though some argue that free trade has eroded wage levels, they miscalculate inflation levels and disregard the increase of non-wage benefits. Moreover, with a decrease in trade restrictions and allowing freer trade, the standards of living for many Americans have increased over the last few years. Opponents of free trade also believe that American manufacturing will be hit the hardest, but increased manufacturing output over the last few years refutes that argument. The trade deficit does not reflect trade barriers, but increased foreign investment, suggesting that trade liberalization should have no effects on the trade deficit.

    Full Report Link:
    VISIT FREETRADE.ORG