As if we needed more evidence that trade is good, comes now our friends over at the Business Roundtable with its latest study on the topic. This hot on the heels of the first anniversary of CAFTA. Where were all the CAFTA Chicken Littles? We went from a $1 billion deficit to a $1 billion surplus in one year. Didn’t see many stories on that. Heck, even Lou ignored it.
We know that trade is a net benefit to US manufacturers and workers, but the conventional wisdom is unfortunately otherwise. That’s OK, conventional wisdom was that the world was flat back in Genoa in 1492. Turns out they were wrong, too.
The new study, done in conjunction with Trade Partnership Worldwide, has some important findings, even if they weren’t surprising to us. They found that International trade has had a net positive impact on U.S. jobs, including the manufacturing sector. Well, duh! (Lou, are you listening?) There was some good data in there, too:
Trade agreements open markets to US-manufactured goods and that’s good for manufacturers and their workers. We need more trade agreements, even though the protectionists believe otherwise and they seem to have the microphone these days. You can be wrong if you’re loud, you’ll get the headline. And they do.
Here’s the link to the full study. It’s worth taking a look at, if only to stay steeped in the facts while the nonsense swirls about you.
Latest posts by NAM (see all)
- Manufacturers Win Several Website Design Awards - June 15, 2011
- China Makes Commitments on Trade, Intellectual Property - December 16, 2010
- ITC Details Widespread Theft of Intellectual Property in China - December 14, 2010