5. President George W. Bush argued against ratifying the Kyoto Protocol because the Protocol fails to require

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5. President George W. Bush argued against ratifying the Kyoto Protocol because the Protocol fails to require India and China to make binding reductions in emissions of greenhouse gases, and because of concerns about costs to the U.S. economy. Nevertheless, most other major industrialized countries have ratified the Protocol and will be required to reduce their greenhouse gas emissions. Does this mean that the United States will be a free rider when it comes to global action on greenhouse gas control? How will this decision by the United States not to ratify affect the international competitiveness of our manufacturing firms?

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