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James Goldsmith: A Prescient View of Free Trade

 

Tuesday 11/15/1994

A discussion on the General Agreement on Trade with Sir James Goldsmith and Laura D’Andrea Tyson.

  • Charlie Rose’s dismissive attitude towards Mr Goldsmith seems to reflect the establishment view.
  • Laura D’Andrea Tyson concedes his point about outsourcing, but says the horse is out of the barn and it won’t get worse.  She argues the Uruguay round will help American firms export more, while Goldsmith says instead that firms will setup factories in the lowest-cost developing world and ship to the developed world.