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FDI and the right to regulate: Lessons from trade law

The problem of domestic regulation versus international trade and international investment. Note: This is part of a larger PDF - THE DEVELOPMENT DIMENSION OF FDI: POLICY AND RULE MAKING PERSPECTIVES Proceedings of the Expert Meeting held in Geneva from 6 to 8 November 2002

The State of Play in GATS Negotiations: Are Developing Countries Benefiting?

I am including articles like this so that we out-of-the-loop Americans can see other points of view. I disagree with the premise that trade agreements trading away rapidly vanishing good jobs forever is somehow good. I don't think it helps the poor in any conceivable way. Highly skilled workers, as they are alleged to be - in order to get their nonimmigrant work visas, should be paid a decent wage, not be working almost for free just for a reference, while body shop firms pocket most of their earnings, paying them in many cases less than US minimum wage (when you divide the number of hours they actually work by their wages). But thats what GATS Mode Four attempts to do, and make it irreversible. The job losses to the indigenous workers are called "efficiency gains". These programs will heavily impact the core middle class professions, turning them into precarious labor. It will be quite literally NAFTA for the rest of the jobs. That's been GATS' goal from the beginning.