On Jan 18, 2005, at 7:57 PM, JDG wrote:
Actually, it is much worse than it sounds ... Increasing exports enough to make a significant dent is not really possible -- as the US has switched to a service-oriented economy ....
I don't want want to really disagree with the basic conclusion of the above
quote, but I do want to point out that the above is a non-sequitiur.
There is no theoretical reason why the US couldn't correct the trade
imbalance by increasing its exports of services.
Hmm, such as?
We're already importing medium-tech services such as call centers and tech support; and we're importing programming; and we're importing some medical jobs such as X-ray diagnostics.
What services do you imagine the US can export that can't be bought more cheaply in other nations already?
-- Warren Ockrassa, Publisher/Editor, nightwares Books http://books.nightwares.com/ Current work in progress "The Seven-Year Mirror" http://www.nightwares.com/books/ockrassa/Flat_Out.pdf
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