doha round: india is one of the major developing countries on this planet and the doha roundof the wto has development at the core agenda. developing countries, particularly the ldcs, the poor countries, has the most to gain and much to loose, the failure or the success. so we are very clear where we are: there hasa . >>friedman: what has changed now that india is a member of the g20 and the g20 seems more serious: does that change anything for india? >>sharma: it is not india being a member, it is the recognition by the developed countries that the g8 alone could not address the challenges, could not meet the aspirations, given the complexities of the worldthat we live in. therefore there has to be a representative order and grouping which deals with these issues, so the g20 is becoming a reality. both the political edifice and the economic architecture have to respond to the contemporary realities. it would be a huge mistake, which has been for decades, to keep them frozen, in the order that emerged after the second world war, when the majority ofthe countries which are members of th

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part of this is wto disciplines. but a buteo -- the wto disciplines a lot more on developing countries ban on their lunch countries. they could raise taxes on water and still stay the buteo compliant. the buteo disciplines are still out there because of the possible threat of dispute settlement. but i think in the end -- wto disciplines are still out there because of the possible threat of dispute settlements. but in the end, i think it is not the threat of the disciplines that are out there that can be gotten around in various ways. it is about two things. it is about the memory of what happened before and it is about the political pressure. i happen to believe, and i wrote about nine months ago on this issue, that if we had not managed to control the global recession and the possibility of depression that occurred that the protectionist pressures would have become very great and in some cases, perhaps, overwhelming. this is one important factor. if you believe desmond, then be very concerned about protectionism. it

wto compliant. wto discipline are also out there.because of the possible threat of dispute settlement. but i think in the end, the control of protectionism isn't so much about, you know, the actual discipline that are out there. which can be caught in the round in various ways. it is about two things. it's about the memory of what happened before, and it's about the political pressure that exist. i happen to believe, and i wrote about nine months ago on this issue that if we had not managed to control the global recession and the possibility of the depression that occurred, that the protectionist pressures would have been become very, very great. and in some cases, perhaps, overwhelming. so this is one important factor. so if you believe desmond's outlook, then be very concerned about protectionism. because it is very contingent, in my view, on the state of the economy. let me say one more thing. while i agree that we need exchange rates flexibility in china, and we need some exchange rate appreciation in the asian countries in gener

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part of this is wto disciplines. but a buteo -- the wto disciplines a lot more on developing countries ban on their lunch countries. they could raise taxes on water and still stay the buteo compliant. the buteo disciplines are still out there because of the possible threat of dispute settlement. but i think in the end -- wto disciplines are still out there because of the possible threat of dispute settlements. but in the end, i think it is not the threat of the disciplines that are out there that can be gotten around in various ways. it is about two things. it is about the memory of what happened before and it is about the political pressure. i happen to believe, and i wrote about nine months ago on this issue, that if we had not managed to control the global recession and the possibility of depression that occurred that the protectionist pressures would have become very great and in some cases, perhaps, overwhelming. this is one important factor. if you believe desmond, then be very concerned about protectionism. it

it possible to change the economy ultimately without getting out of these trade deals that we have, wtohese trade deals we have with china and the rest of the world? do we have to get out of those? >> larry: ron? >> well, i don't think you have to. some of those things we would get out of. i think the problem with what mr. reich says is that the country's bankrupt is our problem. if i'm bankrupt or somebody else abrupt, what they do, they have to pull back, quit spending, they have to work harder and pay off their debt. we have dreamed up this concoction under keynesian economics that you don't have to do that. just print more money, run up deficits, pass it out and everybody will do the right thing. they say what you should do is liquidate debt, get rid of the investment, start over again. get the prices of houses down. don't prop the houses up. stimulate housing. what i see we're doing is exactly the opposite of what we should do. >> larry: robert, 30 seconds. >> ron paul sounds like herbert hoover in 1932. they said liquidate everything and everything will be fine. it took franklin d

that includes pursuing cases in the wto on chinese unfair trade practices, and we achieved in severalsuccesses last year in this regard, particularly with the protection of intellectual property rights. we are also in forming -- enforcing our laws and regulations on trade on the presidents decision on the 421 case on tires is a case in point. again, we are also vigorously pursuing the chinese on the enforcement of intellectual property rights. over all, as we seek passionate as we pursue economic recovery, i think attention to our technological capabilities will be a center to the administration's approach to both the economy as a whole and to our economic relationship with china. >> admiral? >> representative mckeon, while trade is not in my lane, certainly the industrial base and the production of our military capacities is, and i would only offer that the work that you do as a committee to help to strengthen the united states industrial base on behalf of its military, the attention you pay that, and i know that secretary gates emphasis on doing what we can to strengthen the u.s. in

as these issues fell to the side as normal trade relations were i áq(ju)jy wto membership, all a of theseissues set aside, it basically allowed agent orange to perk up higher on the list in vietnam and they were willing to bring the issue up more. there isn't to say there's issues that threaten but could push agent orange off the front burner and into the back burner again. for example, vietnam applied for the membership in the trade preference policy of the united states government. that application is still pending. no decision has come from either the bush administration or the obama administration. so pushing on agent orange may possibly in the eyes in the vietnamese may have adverse gop application. another issue coming forward is the transpacific partnership, an initiative to form a free trade partnership and they are going to enter into formal trade negotiations entering into what we call the tppp. vietnam has expressed an interest in joining the tppp so you may have a tradeoff in tppp negotiations versus agent orange in the future. my next point is to in some ways contradict mysel

this is not a world we are choosing, but a world wto which we have to respond to the alternative is to lose, and if we lose, that would encourage those who would attack as everywhere around the world to keep it up. i think it is a multi-front approach -- i think a multi- front approaches appropriate, and the idea that we would train other countries to meet this threat around world makes a great deal of sense. we need to uncover pots before they unfold, but we need to -- and cover plots before they unfold, but we need to take the war to the enemy in other parts of the world, so that they cannot choose the time and place of the encounter bridge we need to -- so that they cannot choose the time and place of the encounter. yes, it does make sense for us to or purchased in that way. host: massachusetts, james, you are on. caller: i want to know why you are opposing this president altogether. am i being listened to? host: yes, sir. caller: all the things that you talk about, constantly, constantly saying we are going to do this, do this, do that did everything is rhetoric you are not doing a

as these issues fell to the site as normal trade relations were established, diplomatic recognition, wto membership of the authors said decided basically allowed agent orange and the associated concerns to perk higher up on the priority list in vietnam and they were willing to bring the issue forward more. that is not to say that there are not other issues that threaten or i shouldn't say threaten but could push agent orange of the front burner and into the back burner again. for example, the imam this past year applied for membership in the generalized system of preferences country preference policy of the united states government that application is still pending. no decision has come for me to the bush administration or the obama administration. so pushing on agent orange nei possibly in the eyes of the vietnamese have adverse effects on their gmp applications as they may be willing to step back for a little while. another issue coming forward is transpacific partnership, an initiative to form a free trade association in asia, united states just recently announced they were going to e

as these issues felt aside as normal, wto, all of these issues have decided basically allowed agent orange and the associated concerns to perk higher up on the priority list in vietnam. and they were willing to bring the issue forward more. that is not to say that there aren't other issues that threaten -- i should say threaten, but couldn't push agent orange off the front burner and into the back burner again. for example, vietnam this past year of life or membership in the generalized system of preference of trade preference, policy of the united states government. that application is still any. no decision has come from either the bush administration or the obama administration. so pushing on agent orange may possibly, in the eyes of the emmys, have adverse affects on their gsd avocation. so they may be willing to step back for a while on that. another issue coming forward, is a trans-pacific partnership and initiative to form a free trade association in asia, united states just recently announced that they are going to enter into formal negotiations to join what we call the ttp. vietna