Check back next Friday for the next article in this series which will provide you with a step-by-step game plan for successfully applying to business school this fall.
Mr Bush's trade supremo, Robert Zoellick, and the commerce secretary, Don Evans, presented the new plan as the logical culmination of the step-by-step reduction of trade tariffs that has taken place since the end of the second world war.
Another option, favoured by many Democrats and the president, is for the government to step in with a results-based plan of its own, to compete against the private industry.