Here's how the economics of outsourcing -- the economics of horror -- works: companies like Apple that ignore reports of fraud and danger against employees make it impossible for honest, conscientious suppliers to survive.
The budget situation offers opportunities to reform American farm policy to make it more efficient and equitable -- at home and abroad -- but only if the issues are debated fully and openly and with all the stakeholders represented.
"Made in America" is a wildly popular notion across the political spectrum. The President has uttered the phrase dozens of times over the past year. So, it shouldn't be shocking for him to say it on January 24. But, what's behind the rhetoric?
The global crisis has pushed trade reforms off -- or at least to the edge of -- the political radar screen. But shying away from improving the trade system in these tough economic times seems a little like cutting off your nose to spite your face.
The latest noteworthy example of China's protection of its industries -- and its 'rest of the world be damned' behavior -- is it's allowing its steel industry to duck yet another global environmental initiative.
Whether it is nurturing more innovation, retraining unemployed workers, or reining in our addiction to debt, the only thing standing in the way of the U.S. from solving its problems is U.S. leadership.
While we continue to run large deficits in manufactured goods annually, there are lots of advanced economies with long records of positive net exports. If you think the difference is prices, you're thinking like an economist... and you're wrong.