Responding to the argument that Nancy Pelosi's effective suspension of "fast track" approval of trade bills has led to a "time out" on trade, Harvard economist Dani Rodrik makes a sound point:.
If this is indeed a time out, I say "good"! For the real threat to the global trading system today is not that we will forgo signing more trade agreements, but that we will fail to implement the reforms needed to sustain globalization. By presenting the debate as one between globalizers and anti-globalizers (instead of what it really is: a debate over the rules that govern globalization) globalization's cheerleaders are radicalizing and doing considerably more damage to the economic system they admire so much.
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