Wednesday, February 06, 2008

Notes on America and Free Trade

Notes on America and Free Trade

  1. Is Ricardo Right? (262 defines Free Trade)
    1. Wouldn't we be better off building walls?
  2. C-A (263)
    1. Now it's goods and services
  3. and C-A, C-A (263-4)
    1. Some "transition"
    2. There will be innovation
    3. Illustration (264)
  4. Don't worry about knowledge workers
    1. wages rising (265)
  5. Do worry about low-skilled workers (265-6)
  6. Upgrade education!! (266)
  7. Summary 267
  8. Faith that there will be new things to do (268)
  9. Easier to see pain than gain 273
  10. When the railroad comes to town (274)

Ricardo's right…


eesirock said...

It's hard for me to take a side on this... there are some good things about this "flattening" like high paying jobs going up but then there are bad parts, like jobs being eliminated.

Beth said...

I agree. There are good and bad parts to the world being flattened. Jobs are being outsourced which means a loss for America, but the jobs coming in helps America. I don't think that there is a right answer.