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Old 03-06-2009, 03:46 PM
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Can be damaging to US leadership



Protecting jobs and creating disincentives for outsourcing are natural responses to the economic crisis that America is facing today. However, this simplistic solution may be detrimental to the leadership position of the US.

Studies by firms like McKinsey have shown that outsourcing has led to economic advantage to the US. The protectionist policies during the Depression of the 1930s actually delayed America's revival. A move that starts with protecting service jobs and possibly goes on to protecting manufacturing jobs with import tariffs and a `Buy American' campaign can only lead the world into similar reactions that will impact global demand for American products.
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