Generate text that refutes this claim: The FTAA is bad for industries in developing nations.  This agreement would put farmers and workers in some of the world’s most impoverished nations in direct competition with some of the richest companies in the developed world. FTAA would have small, domestic industries in countries like Bolivia or Haiti compete with massive American corporations, and prevent their governments from aiding them in any way. The disparity of power and resources would be so great in the case of such a collision, that it would mean these small industries could easily be wiped out and never develop to a level where they can sustain a healthy national economy and become competitive against giant multinational corporations. This would be disastrous for development and poverty reduction in South America [1] .  [1] Robinson, Mary. “Free Trade Area of the Americas: Latin America Deserves Better.” New York Times. 18 November 2003. www.nytimes.com/2003/11/18/opinion/18iht-edrob_ed3_.html?scp=1&amp;sq=
economic policy economy general international americas house supports creation
Protectionism cannot create a healthy national industry. Only by competing openly against each other on the global market, companies become truly efficient and effective. And small, local companies and industries can often have the advantage in such a confrontation. They can be more flexible and innovative than large multinational corporations, and they are better adapted to the local climate and culture.