Americans offer to the world a simple idea: the progress of mankind is best served by empowering individuals and competition. Universal suffrage and free elections, private enterprise and free markets, best promote peaceful cooperation among nations, personal liberty and dignity, and material progress for all.
U.S. international economic policy is plainly revealed by advocacy for the World Trade Organization and the various trade agreements that deepen cooperation with developing countries, like Mexico and Chile, and nations in transition from socialism, like China and Russia.
The premise undergirding free trade is simple. Let each nation and individual specialize in what they do best and everyone prospers better. More imports raise living standards by providing cheaper goods, and more exports raise productivity and create higher paying jobs.
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