The 2008 presidential election was not about globalization
or U.S.
trade policy. However, the challenges facing the administration of President Barack
Obama-the financial crisis, the lengthening and deepening recession-are
inextricably bound up with America's
trading relationships. A "business as usual" trade policy will not deliver the economic
changes that President Obama has promised the public, nor restore Americans'
faith in their country's engagement with the global economy.