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Posted by Truth About Trade & Technology
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Sunday, 30 September 2007 |
Trade is the voluntary exchange of goods and services within countries and across borders.
Trade is a natural human activity with a long history. The oldest forms of writing--cuneiform tablets from ancient Mesopotamia--record economic transactions. The word trade entered the English language through the German, from a word that means “way of life.” In the United States, the importance of international trade is enshrined in the Declaration of Independence, which condemns King George “for cutting off our trade with all parts of the world.”
Trade is a building block of commerce that fuels our economy, creates jobs and prosperity, and improves our quality of life. If you live in Minnesota and like the taste of Florida orange juice, trade is what allows you to drink your favorite morning beverage. Floridians, for their part, may want to purchase cars made in Detroit or in Sweden, or even Japanese minivans assembled in Alabama. The miracle of modern trade is what makes this incredible diversity of choices possible--for them and for everybody.
Welcome to Trade Facts. In this series, we plan to get past the white-hot rhetoric surrounding international trade and look at the cold, hard facts. Please join us as we examine the truth about trade.
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