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6.3.2004
The JEC on Free Trade
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The Joint Economic Committee just released a 4-page report on International Trade and American Jobs (June 2, 2004), that defends the benefits of free trade and refutes some of the nonsense now bruited about.
A major point concerns the amazing shift of the U.S. economy toward services and intellectual products and away from old-style manufacturing and agriculture. The study also quotes a Federal Reserve Bank study on the costs of protectionism: "Across 20 of the most protected industries in the United States it costs consumers an average of $231,289 to save one job annually."
As the most innovative and globalized sectors of the economy, the tech and IP industries have a huge stake in this battle, and JEC ammunition is useful.
posted by James DeLong : 6/3/2004 02:08:37 PM
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