Some liberals worry that trade with low-wage countries will depress American wages. But globalization not only helps lift Third World people out of poverty; it also benefits American consumers and workers. Instead of pursuing protectionism, domestic policies should assure that the benefits of trade are equitably shared.
Jay Mandle
JJay Mandle, the W. Bradford Wiley Professor of Economics at Colgate University, is currently on a leave of absence and living in the Bay Area.
