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Beginning of Paper
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Economics: Turn Around is Fair Game
America's size and prosperity have made it the largest consumer of
imported products in the world. Brightly lit shopping malls adorned with the
latest foreign-made apparel, gadgets and trinkets, testify to the vast selection
of goods available for purchase. There is a dark side to thi ....
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Middle of Paper
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.... However, the cost of transportation, which would normally
escalate each individual price, was paid for by the Japanese government. The
pioneering inventors of the electronic marvel were forced out. No longer able
to compete by meeting rapidly declining prices, companies had to stop production,
liquidate all available assets, and release their entire work force.
Unemployment figures for 1996 are predicted to be at seven percent (USTR,
1996.) This equates to nearly twenty million skilled American workers without
jobs. The math is simple; imports cost an economy job ....
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SUBJECTS
