Season 1 · Episode 146
Does outsourcing create a problem for local economies?
Debunking Economics - the podcast · Steve Keen & Phil Dobbie
April 24, 201927m 45s
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Show Notes
There’s an argument that outsourcing to cheaper countries overseas creates job losses and disadvantages the local economy. That’s part of the argument Donald Trump is using to negotiate a new trade deal with China. What does Prof Steve Keen think? Phil Dobbie asks him, ‘if that’s the problem, why are we seeing such low levels of unemployment right now?’
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