Bad Trade

Bad Trade

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When nations compete by suppressing wages, globalization can leave us all poorer RECOMMENDED READING “China will compete for some low-wage jobs with Americans,” lectured Nobel laureate Robert Solow from the White House podium, amidst the U.S. debate over China’s ascension to the World Trade…

#savings #trade #excesssavings #households #domestic #domesticsavings #household #competitiveness #householdsavings #wages

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