WTO

As the move toward deglobalization gains momentum groups like the WTO are showing deep concern. They praise the increase in international trade and emphasize the millions of people who have moved out of poverty. They feel comfortable moving manufacturing jobs away from the West as a way to bring people up to a living wage in Asia. They see only progress when you compare 40 million workers going from $30 per to $15 per to one billion people going from $2 per day to $2 per hour. They are also concerned about their losing influence in directing the world economy. The world looks quite different to a college education bureaucrat sitting in an air conditioned WTO office in Geneva, Switzerland and a laid off steel worker in Michigan.