Economic Policy and Protectionism Revisited

Today's Financial Times has an article that points out the EU is warning about the US stimulus plan adopting "protectionist" provisions.

So, please pardon me while I reframe:

Protectionism - preferentially giving money to our own country, rather than finding the "highest value" (quality per cost) provider.

Choosing suppliers based on the valuation of tangible AND intangible assets - preferentially giving money to those suppliers who employ American residents within our borders, who support our social infrastructure (via taxes or other contractual obligations), who are respectful of US/international values towards working conditions and environmental impact, and who provide low financial costs.

Note, any company can compete on these criteria.  A simple, new way of envisioning this process allows us to avoid protectionism while simultaneously meeting the needs for US economic development. Furthermore, it's largely European universities that are leading the way towards understanding how to systemically value of intangible assets.

I can only hope we'll take this opportunity to learn how to measure and account for these impacts more rigorously.

Comments

[Generic Viagra]

Hi, your article is very important and interesting!!!
Have a nice day!

[Paul]

EU is warning about a lot of things..but in the end those warnings mean nothing..so I wouldn't be taking those too seriously...