Article 3YSWG Why Imports Are Crucial to GDP Growth

Why Imports Are Crucial to GDP Growth

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from from FEE on (#3YSWG)

To show that this intuition is false, economists recite the theory of comparative advantage. Unfortunately, trying to explain what has been called the most counterintuitive idea in social science is not a winning debate strategy.

So here's a different strategy: tell the story of the cocoa bean, one of many U.S. imports that increases American GDP and employment.

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