"We have an incredible opportunity… If we say no to this agreement, we will not stop the global economy. We will simply assure that our workers will not have the chance to compete and win." — President Bill Clinton, remarks on NAFTA, September 14, 1993
Clinton's argument relied most heavily on which assumption about late-twentieth-century economics?
- A
Tariff barriers should be raised to protect domestic manufacturing
- Bcheck_circle
Trade liberalization was inevitable and the United States benefited from leading it
- C
Bretton Woods fixed exchange rates were still operative
- D
Foreign direct investment in the United States should be banned
Explanation
Clinton accepted the post-Cold War premise that integrated global markets were unstoppable; the U.S. could shape rules through NAFTA and the WTO or be left behind.