Criticism
General protectionist criticisms have been made of the round. In voting to withdraw from the WTO in 2000, Congressman Jack Metcalf cited the Kennedy round as the beginning of “the slow decline in Americans’ living standards” and that all such multilateral agreements “may mesmerize and motivate Washington policymakers, but in the American heartland...translate as further efforts to promote international order at the expense of existing American jobs.” However, the round also has economically liberal critics, who believe that it did not achieve as liberal of goals as the tariff cuts suggest and instead, out of political fears, erected non-tariff barriers to protect domestic industries from the negative effects of trade.
Read more about this topic: Kennedy Round
Famous quotes containing the word criticism:
“... criticism ... makes very little dent upon me, unless I think there is some real justification and something should be done.”
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