Trade and Innovation
Innovation drives productivity and efficiency, making international trade a logical choice when it offers cost advantages. The misconception that trade harms domestic jobs mirrors fears about automation, yet evidence shows that countries embracing trade tend to thrive. Despite pessimism in the U.S., the nation remains an economic leader, contrasting with struggling economies like Germany, which highlight the complexities of trade's impact on prosperity.In this clip
From this podcast
EconTalk
Why Industrial Policy Is (Almost) Always a Bad Idea (with Scott Sumner)
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