General_Agreement_on_Trade_and_Tarrifs

General Agreement on Trade and Tarrifs Is GATT good for our economy' If you go to Maine, you will find a small town named Wilton. If you know anything about Wilton, you know it is where Bass shoes have been produced for 122 years. However, there is more you need to know about Wilton. Some 350 workers were laid off in April of 1998. This is a tragic thing to happen to a community that has been making shoes, as a way of life, for generations. Many factory towns in Maine are being described as looking like “war zones,” because their economies are hit so badly (Ferdinand 1). You may be asking what happened to make the company lay off all of its workers, the answer is simple, it was GATT. The General Agreement on Trade and Tariffs (GATT) is an international agreement that allows corporations to become international, transferring money and technology to any member country in the world to produce goods. This sounds good at first. If a company can import and export freely, won’t consumers benefit by being able to buy products from around the world' If products can be produced by low-wage labor and with countries, agreement, trade, gatt, workers, world, products, malone, goods, companies, united, tariffs, states, make, jobs, benefit, been, because, able, years, wilton, now, new, local, international, about, people, laws, labor, good, goldsmith, example, country, american, stumpf, wto, trustitch, trips, third, sell, produce, pay, one, need, money, maine, industry, imports, however, hale