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Are rising imports a boon or bane to the economy?

By Alliance Alert

Daniel Griswold writing in The Washington Times: "All the evidence points to the fact that rising imports and a growing trade gap, far from being drags on growth, are among the surest signs that the economy is expanding . . . In the long run, imports spur growth by forcing domestic producers to be more efficient and productive. Like competition generally, imports weed out the less-productive domestic producers, leaving the market to more-competitive U.S. companies. Those companies are better able to expand their share in global markets and create sustainable jobs with higher pay."

Full post as published by Constitutionally Correct on September 14, 2010 (boomark / email).