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Soaring
increase in high-tech exports from China erodes U.S. employment It
is often argued that free trade benefits all countries because
it allows them to specialize in goods for which they have a comparative
advantage, yielding increased efficiency and productivity in each
economy. In the United States, economists and public officials
frequently claim that trade will reduce production of low-tech
goods such as textiles and apparel and increase production of high-tech
goods in which the United States has a comparative advantage. For
example, in a recent address in Washington, D.C., World Trade Organization
(WTO) Director Supachai Panitchpakdi said that for every U.S. job
threatened by imports, a growing number of high-paid, high-skilled
jobs are created by exports.
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