http://www.manufacturethis.org/2008/06/09/admitting-a-big-mistake/ Just another WordPress weblog Thu, 20 Nov 2008 23:22:41 +0000 http://wordpress.org/?v=2.1.2 http://www.manufacturethis.org/2008/06/09/admitting-a-big-mistake/#comment-33302 Robert A. Agnew Tue, 24 Jun 2008 03:42:51 +0000 http://www.manufacturethis.org/2008/06/09/admitting-a-big-mistake/#comment-33302 Many US citizens have been alarmed by the accelerating erosion of our manufacturing base and the associated loss of both high wage jobs and ongoing capital expenditures. This includes former trade policy heavyweights like Robert Cassidy and William Daley, plus an increasing number of economists. For a different take on the economics of outsourcing, see "Anatomy of Outsourcing" at members.aol.com/raagnew. My thesis is that America has not been adequately compensated for opening her borders. The result, of course, has been limited resources for trade adjustment assistance and mushrooming foreign debt. I would venture to guess that our trading partners have been astounded by our muddleheadedness and by their consequent good fortune. Many US citizens have been alarmed by the accelerating erosion of our manufacturing base and the associated loss of both high wage jobs and ongoing capital expenditures. This includes former trade policy heavyweights like Robert Cassidy and William Daley, plus an increasing number of economists. For a different take on the economics of outsourcing, see “Anatomy of Outsourcing” at members.aol.com/raagnew. My thesis is that America has not been adequately compensated for opening her borders. The result, of course, has been limited resources for trade adjustment assistance and mushrooming foreign debt. I would venture to guess that our trading partners have been astounded by our muddleheadedness and by their consequent good fortune.

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