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The Benefits Of Globalization &Amp; Free Trade

   
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Title: The Benefits Of Globalization &Amp; Free Trade
 
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Subject: Business
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Date: December 2, 2001
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Length: 14 / 3648
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There is no shortage of outcry that cheaper imports such as textiles from Indonesia or appliances and other manufactures from China are causing a destruction of U.S. jobs and leading to a decline in the economic prospects of the U.S. This can be addressed looking at both economic theory and empirical evidence...
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jobs and leading to a decline in the economic prospects of the U.S. This can be addressed looking at both economic theory and empirical evidence. The profound macroeconomic misconception of such critics is that there is a finite number of jobs, and thus a loss of particular manufacturing jobs must lead to greater overall unemployment and economic misery...
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