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Support a global economy

Like it or not, the world is getting smaller.  Distances between countries is shrinking every day.  Faster transportation and instant world wide communications on the internet have made everyone in the world neighbors.  Isolationism just doesn't work anymore.  We must compete with other countries in an open market.  How can we do that with cheap labor in foreign counties?

The main way we compete is to index our tariff structure on imports to make foreign products competitive.  Something we do now, but it needs to be uniform and based on standard economic data.  A system of realistic comparison between the wages of one country to the same standard in our country would provide a means of assuring the original cost of each item is competitive no matter where it was made.

The same scale could be applied to personal good brought in by travelers.

  Copyright © 2005 Milo Burns Last modified: 02/11/08