Liberal Democracy (was Robert Mundell: Genius unbound)

[Brad De Long]

>Brad De Long wrote:
>
>>Imports from countries with GDP per worker levels less than half that >of
>the U.S. amount to 0.9% of U.S. GDP. Even if all those goods were
>>obtained by the U.S. at a price of only 1/3 their fair value, that
>>still means that less than 2% of the American standard of living
>>comes from exploitation of the Third World.
>>
>As I said, I don't think it's possible to quantify the benefits of economic
>imperialism...
>
>
>Ted Dace

Do you know anything about what commodities flow across national borders?

Brad DeLong