Good summary of a paper done by Michael Spence and others : Key to job growth, equality is boosting tradable sector of economy (only 2 pages - comments are worth a read). I've always wondered how Germany (and the rest of those super duper "evil" socialists) were able to keep their manufacturing plants from disappearing off into the globalized world - "co-determination" or Mitbestimmung. ------- Another read: China: Effects of Intellectual Property Infringement and Indigenous Innovation Policies on the U.S. Economy Based on survey information, the USITC estimates that U.S. IP-intensive firms' losses from IPR infringement in China were approximately $48 billion in 2009. (IPR = Intellectual Property Rights) U.S. firms in the IP-intensive economy reported that an improvement in China's IPR protection and enforcement to levels comparable to the United States' would likely increase employment in their U.S. operations by approximately 923,000 jobs. To complement the survey results, the USITC used a statistical and simulation analysis to estimate the U.S. economic effects of an improvement in China's IPR protection to levels comparable to the United States'. This analysis found the following effects: (1) a $21.4 billion increase in U.S. exports of goods and services, (2) a $87.8 billion increase in sales to U.S. majority-owned affiliates in China, (3) a potential 2.1 million increase in net U.S. employment under conditions of prolonged and high unemployment, and (4) some reallocations within the U.S. workforce towards more IP-intensive services sector jobs. ----------- Ya, that whole let's do business in China thing has some real major drawbacks. Of course the politicians won't bother with any of this, they're bought and paid for by the special interests who advocate that free markets and free trade Rule!! So who's still a blind free trade supporter out there?