Word: exportation
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...imagine that Buchanan would do terribly well," says Pat Longo, vice chair of the Connecticut Republican Party. "We are an export state...
...growth in domestic R. and D. spending, productivity and investment than from trade. Moreover, his proposals to raise tariffs sharply and pull the U.S. out of international trade agreements would cause much more economic pain than they would ease. Liberal trade policies have created more--and better--jobs in export industries than they have wiped out in those businesses hurt by imports. Even the much despised movement of American factories to Mexico and other low-wage countries has been offset--in job creation, though not in hoopla-by the opening of foreign--owned plants in the U.S. It would take...
...down; Buchanan's estimate of 300,000 wiped out as a result of the NAFTA treaty with Mexico and Canada seems plucked out of thin air. To the losers, though, it is a statistical abstraction to argue that the losses have been more than offset by job gains in export industries. Honda's success in Ohio does nothing to help Watsonville, California (pop. 33,798), where the unemployment rate has jumped to close to 20%. A number of vegetable-freezing plants there have shut down, and the owners of some have moved operations to Mexico...
...most economists. C. Fred Bergsten, director of the Institute for International Economics, figures that export jobs pay about 15% to 20% more than nonexport jobs. He adds, "Whatever Buchanan saves for Roger Milliken [a major textile employer] in South Carolina, he loses for Boeing," which is heavily dependent on aircraft exports. "And Boeing jobs pay so much more than textile jobs that this would be a net loss...
...cars. But among economists, an otherwise squabbling breed, there's something like a consensus that for the great majority of American workers, free trade is a long-term boon that delivers better bargains on consumer goods and boosts demand for the products of America's fast-growing, high-wage export industries. More important factors in holding down wages are automation, sluggish growth in productivity and consumer demand for lower-priced goods, whether foreign or domestic. Tariffs against shirts made in China might help workers in America's shrinking garment industry; they won't do much to protect secretaries replaced...