Solamente wrote:
anyone know why they would protest the Cafta thing?
Solamente,
The main reason CA countries oppose it is that they don't want to open their markets to the US. They can't compete with our economy. The biggest reason why blue-collar people would protest is that wages would not rise in CA, especially in the manufacturing and service sectors, the most labor-intensive. Because with an open market global economy, there is now competition for lowest production costs (i.e. lowest wages). CA countries would keep wages down to attract more foreign (US) investment. Wages would not rise in CA for fears that those firms who invest there would pull out if their labor costs became too high. The CA countries also would lose some control over their own economies and people.
A lot of economists think that the US basically tricked, or coerced, CA into signing it. CR originally walked out of the meeting because they have no desire to open up their national monopoly in telecommunications and energy to international competition. I haven't read anything on this since I finished grad school in May, so I don't know the current situation. Sorry.