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ting lot of confusion in with out going deep into the subject matter. Even it is interpreting in its own ways. Some statements are made due to the lack of fundamental misunderstanding of the concepts of trade and unemployment. Columnist Patrick Buchanan says 'Our merchandise trade deficit was $175 billion (in 1995). For every $1 billion, you get 20,000 jobs. That's 3.5 million American workers who would have had good manufacturing jobs if we simply had a trade balance.' free trade markets some times doesn’t handle the economic externalities such as national culture and public health well, so as a society the people should also act to compensate for what the market cannot do.

 

The countries such as Canada is also affected the brain drain where most of the educated people went to USA. Actually it is beneficial to USA; it depends upon how the peer groups take this. Some time society gets carried away with the wrong interpretations also.

 

The unemployment has fallen steadily when there is increased in the trade deficit in 1990. The rate of unemployment has fallen down but the trade deficit has grown much more than it had been the earlier years. With the expanding economy there is creation of jobs and demand for imports also increased. Actual reality is the trade deficit acted positively in falling unemployment. The job export has not really hurt US, instead more jobs have been created than lost although some sectors have seen significant losses or demise while new innovation has created new jobs.

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