another country. In other words, think of foreign trade as a type of innovative technology. The objective

situation is now exactly the same as before. Because of Technotron’s new technology—which in this case is

importing goods from another county—other firms in this industry will lose money and lay off workers. Just as

it would have been inappropriate and ultimately foolish to respond to the disruptions of new scientific

technology by trying to shut it down, it would be inappropriate and ultimately foolish to respond to the

disruptions of international trade by trying to restrict trade.

Some workers and firms will suffer because of international trade. In a living, breathing market-oriented

economy, some workers and firms will always be experiencing disruptions, for a wide variety of reasons.

Corporate management can be better or worse. Workers for a certain firm can be more or less productive.
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