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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 this enormous quant ....

Middle of Paper
.... 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 ....

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