Jamaican in Africa

Free Trade Agreements = Evaporated Jobs Worldwide

John, please don't look at the short term. In the long term if we hope for efficient resource allocation, and therefore minize waste, we must embrace the idea that the most efficient regions will produce the goods and services that they are most capable of producing cheaply.
For example, America produces food, movies, medication and some manufactured good more efficiently than anywhere else in the world because of our good climate, abundant water, developed cinema industry, productive farmers, heavy investment in biotechnology and educated workforce.
If Japan that produces cars more cheaply decides to stop producing cars and employ thier citizens to produce wheat, the result would be fewer cars (and the price of each car would rise as it became scarce), expensive Japanese wheat and eventually unemployment.
Multiply the effect of the example I provided thousands of times and the world would suffer from poor allocation of resources, high costs, and many more hungry hungry children than we see on CNN every night.
First we have to recognize the benefits of free trade, and how it works, and use that understanding to put ourselves in a position to utilize that knowledge when advocating government and social remedies resulting from market forces.


On Dec 15 08:50 AM john s. gordon wrote:

> this is called the race to the bottom. it's been going on for a long
> time. how many vacant textile mills exist in new england states?
> in the u.s.a corporations move operations to states that have the
> lowest labor costs and lowest standard of living (i.e., dixie).<br/>japa...
> loses jobs to china.
> taiwan loses jobs to vietnam.
> who's next?