Understanding the global economy and the impact on America and American businesses is paramount for restoring America to greatness. Unfortunately, pundits on either side of the equation speak in circles around one another and dare I say, the facts, which makes it difficult for the average American to truly understand what is really at stake.
The Choice, facing all of us, is thoroughly explained in this fascinating allegory. Here you meet Mr. Ed Johnson, a successful business man and president of Stellar Television in the mid 20th century. Facing his greatest fear, foreign competition, he seeks the assistance of Congressman and presidential candidate Frank Bates. In the midst of promoting and defending American protectionism, Mr. Johnson meets the ghost of David Ricardo, a 19th century economist, who takes Mr. Johnson on a spirited ride through the implications of protectionism and free trade. Reminiscent of the classic movie, "It's a Wonderful Life" the informative narrative weaves a fresh, comprehensible look at key international economic issues including the challenge of foreign competition, international trade, outsourcing, tariffs, trade deficits, fair trade vs. free trade, globalization and much more.
A must read for budding economists or for anyone who wants a foundational understanding of how international trade affects American business and our daily lives.
Appendix provides additional explanations, sources and recommended resources. Detailed index. PB. 130 pgs. ~Deanne