Re: trade liberalization

["prakash chandrashekar" <prakash7uc@rediffmail.com>]

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> Hi all,
>       I don't understand the need to be part of WTO at
> all! The whole
> concept of Free Trade being promoted by world's biggest
> Governments is
> a pardox. Simplest thing for developing countries like
> India will be to
> simply open up imports, remove duties and taxes, cut
> down on all Govt.
> expenditure other than defense and some key areas,
> remove  all stupid
> regulations and so on. If all the developing countries
> do these you
> will see those big countries like US really shaking
> from the impact.

How would that happen ? what changes would the unilateral droppping of
indian (or develping country) tariff do to the US econmy to make them
shake from its impact ? My guess is that they would prosper more. (and
so would indian consumers - no denying that)

> As
> for loss of income of many poor people in developing
> countries that is
> going to happen anyway. When the technology is
> progressing so rapidly
> minimum subsistence based on manual labour will be very
> difficult. I
> would suggest a special tax and redistribute all of
> that tax collection
> among all the poor people so that they can take care of
> their short
> term needs and invest in Education and Training.

A tariff is also a tax, what would your tax accrue on ?
My suggestion has been a tax n ground rent, which is transperent and not
possible to transfer to anyone. Its the ideal way to finance a
government.

>That's
> all! Once Govt.
> makes it clear that it is one time assistance everybody
> will be forced
> to be creative and productive. Otherwise, good luck!

Has there ever been a one-time program of the government. VDIS was
promised to be done only once ! It has happened atleast 6 times. Your
welfare measure would go down the same path.

regards,
Prakash


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