Lardy, Nicholas R. - In: Economic Commentary (2003) Aug
China's economy is opening up to the outside world. This worries those who fear the huge pool of low-cost labor will … drain jobs from U.S. shores, and less expensive goods will spark trade problems. The author points out that China's untapped … jobs that would move to China left the U.S. a long time ago. And with respect to fair trading practices, China has made …