CapitalismWorks_IHB
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about an Obama presidency?
CapitalismWorks said:Did NAFTA affect you negatively our positively? And how? Considering the drubbing free trade in receiving lately in popular opinion (and in many economics circles), I am extremely curious.
CapitalismWorks said:How did NAFTA benefit the asian economies? I have to admit, I am pretty clueless in this area.
WestparkRenter said:Now family income is high enough to be taxed by Omaha but we have not gotten back to the previous level.
CapitalismWorks said:Wouldn't those same asian economies had the same advantages without NAFTA? What am I missing?
If fossil fuels truly are depleting, rising costs to transport goods will negate the edge provided by lower labor costs.CapitalismWorks said:Thanks for the links. These are exactly the reasons free trade is again under debate. Conceptually, comparitive advantage is unassailable. In practice is doesn't appear to have much merit. The huge gulf between developed and developing market standards of living basically makes domestic employees totally uncompetitive in a great number of fields. However, given that we are competing globally, I can't see a way around it.
CapitalismWorks said:Thanks for the links. These are exactly the reasons free trade is again under debate. Conceptually, comparitive advantage is unassailable. In practice is doesn't appear to have much merit. The huge gulf between developed and developing market standards of living basically makes domestic employees totally uncompetitive in a great number of fields. However, given that we are competing globally, I can't see a way around it.
CapitalismWorks said:about an Obama presidency?