Article: A Logical Step to Open the Economy

LOS ANGELES _ Well, it finally happened: Congress signed off on something practical without having the opportunity to muss it up with lots of provisions and provisos.

By passing the GATT trade accord in such resounding numbers, Washington lawmakers did more than upstage the rantings of Patrick Buchanan, Ross Perot and other isolationists. They confirmed that the world economic picture has changed and that the best way of playing the game is to lead the way.

Soon-to-be Senate Majority Leader Robert Dole was correct in saying that the General Agreement on Tariffs and Trade, or GATT, is not perfect. And yes, the estimate of 500,000 U.S. jobs generated from the pact is more of a ...

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