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Originally Posted by rickholio
I don't see how exporting work to other countries builds trade.
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I should qualify that.
When you send money to a country, and goods come back, yes, that's an increase in trade, but purely one way and only for the benefit of the upper echelons at the expense of the lower echelons in the outsourcing country.
Outsourcing does nothing to increase return trade aside from provide a little more capital. China may be buying more cars from the US, but do you think the value of those cars comes anywhere remotely close to that of the massive bulk of t-shirts, plastic flags, electronic doohickeys and so forth that flood in the other direction as a result of offshoring the work to produce them?
It'd be interesting to see the numbers, but a little common sense shows that the chinese win, the multinationals win, but anyone who was too poor to afford college is fuct out of another job, and must get thee hence to a wal*mart.