“The answer to job losses is more, not less trade.
America can upgrade her declining low value-added industries or they will continue to decline whether America goes protectionist or not, just as the ancient agricultural societies of pre-industrial China and Japan, with their self-sufficient, subsistence economies based on buffalo power and manpower, had to change with the advent of the industrial age. Rapid and profound change is the kind of world Americans have created by their inventiveness.“
http://www.nas.gov.sg/
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