Outsourcing and Chapter 2

Washington Times ^ | 2/27/04

[kattracks]

That was quite a brouhaha over the common-sense remarks of Gregory Mankiw, chairman of the White House Council of Economic Advisers. Mr. Mankiw rightly observed earlier this month that "outsourcing is just a new way of doing international trade," whose wealth-creating and living-standard-raising benefits have been indisputable for centuries. Unfortunately, all the attention given to the-gaffe-that-wasn't overwhelmed the consideration that should have been given to the contextual tutorial that Mr. Mankiw and his council colleagues provided in their examination of the U.S. manufacturing sector. It appears as Chapter 2 in the 2004 Economic Report of the President (ERP).

[JustPiper]

Is there a chapter one?

[LowCountryJoe]

Chapter Two: meaning chapter two in regards to the Economic Report of the President that was released earlier this February. You can download it with the provided link. It's pretty sizable though with 417 pages with an overview, 14 chapters, and some appendices. If you enjoy economic discussions it's a good read, if not, stay clear.

[JustPiper]

I will stay clear -g- thanks Joe! I hear the numbers on CNNFN etc.