“The World Trade Organization represents a system where corporate profits are elevated above human rights, labor standards, and environmental protections. Through rapid deregulation and the digital integration of financial markets, capital now moves across borders instantly, escaping national laws and leaving working-class communities devastated by deindustrialization. We demand a globalization that serves people, not just multinational corporations.”
—Declaration of the Coalition for Global Justice, Seattle, 1999
Based on the excerpt, the criticisms expressed by the protesters were most directly a response to which of the following economic trends?
- AThe total elimination of federal intervention in the economy, establishing a pure laissez-faire system devoid of government trade policies or subsidies.
- BThe implementation of supply-side economic policies that restored domestic manufacturing jobs by increasing federal spending and stimulating consumer demand.
- The growth of free-trade agreements and technological innovations that facilitated the offshoring of manufacturing jobs.Answer
- DThe creation of Great Society programs under the New Deal to regulate international financial markets and protect industrial workers.
Answer
The growth of free-trade agreements and technological innovations that facilitated the offshoring of manufacturing jobs.
The correct answer is correct because the protesters in Seattle in 1999 were demonstrating against the World Trade Organization (WTO) and the consequences of economic globalization. During the late twentieth century, the development of internet communications and global digital networks allowed corporations to manage complex global supply chains in real time, while trade agreements reduced barriers to foreign production. This combination facilitated the offshoring of manufacturing jobs to developing nations with lower labor costs, resulting in deindustrialization in the United States.
Step-by-Step Solution
Key Concept
The economic impact of globalization and the digital revolution, which facilitated offshoring and accelerated the transition to a service economy.
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