This election season, both parties have declared open season on China, America's second largest trading partner. But if the economic case for drawing the barricades against Chinese goods is weak, points out Reason Foundation Senior Analyst Shikha Dalmia, the political case is even weaker. That's because American voters are utterly fickle. They might demand protectionism, but if they don't like the results, they won't blame themselves, they'll blame you, dear legislators. "Rather than vilifying China," notes Dalmia in her latest Forbes column, "they (politicians) would do themselves—and the American economy—a world of good by trumpeting the benefits of trade with it."
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The new framework aims to keep everyone learning at the same level for as long as possible.