Friday, September 30, 2005

Importing products:good, exporting services: bad. Or is it the other way around?

This opinion piece from The Economist clears some of the fog, and dispels some myths about the US reduction in manufacturing employment. The Economist makes the case that, ultimately, this is good for our economy, and we're still more productive than anywhere else -- even China. The real problem? Change is always scary, and leads to bad economic policy if we're not careful. Thanks to Daniel Drezner's Blog for pointing this one out.

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