While we generally focus on the benefits to U.S. companies of the GSP program, it is important to remember that sourcing from GSP countries has a positive impact on the lives of workers and their families in developing countries. Sometimes, the benefits to poor workers come simply from having a job that otherwise would not...
Continue readingDiscussions about trade often present a false dichotomy: if exports are good and then imports must be bad. This oversimplified view lends itself to policy prescriptions that encourage exporters and discourage importers, yet the real world is much more complicated. According to the Census Bureau’s 2013-2014 Profile of U.S. Importing and Export...
Continue readingOne of the great benefits of trade, and imports specifically, is that individuals can reap the rewards without taking the time to be an active participant in trading activities. Americans do not have to travel to Central and South America to buy fresh fruit in the winter or identify possible suppliers in the Mediterranean to...
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