POINT OF VIEW

Let nations trade

Siddhartha Mitra
Posted: Sunday, Aug 31, 2008 at 2310 hrs IST
Updated: Sunday, Aug 31, 2008 at 2310 hrs IST

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: attractions and get mired knee deep in debt. Is this any different from a man borrowing a huge amount from the local money lender and going on a spending spree? Moreover, is this a good reason for every country to close its trading doors to the rest of the world? Of course not; the potential benefits dwarf the losses that might result from misuse of the trading instrument. All of man’s modern inventions—the telephone, television, internet, credit cards to name just a few— can and have been misused. But given the huge benefits that they confer on society and humanity, nobody calls for a ban on these; their use and popularity increase by the month. Why should ‘international trade’ be the odd one out?

The writer is Director (Research), CUTS International and can be reached at sm2@cuts.org...

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