"Like the president he now serves, Anton doesn't understand how the global trading order actually works. Trade agreements are long and complicated today because they are no longer primarily concerned with reducing tariffs (which are already quite low). Instead, contemporary trade agreements are mostly about harmonizing labor, regulatory, environmental, and copyright standards across many different societies, precisely for the purpose of creating fairer competition between states. Agreements of this kind are very much in America's interest, because otherwise U.S. workers would have to compete with foreign industries where labor and environmental standards are much lower than they are in the United States."
Richard Vietor is the Paul Whiton Cherington Professor of Business Administration, Harvard Business School. He received a B.A. in economics from Union College (1967), an M.A. in history from Hofstra University (1971), and a Ph.D. in history from the University of Pittsburgh (1975). He was appointed Professor in 1984.Last Updated: Jan 6, 2017, 12:57pm