Indeed, all technological advances require some trade-offs.
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No question, technological progress, just like trade, creates losers as well as winners.
But they are critical to American competitiveness, technological innovation, and global trade because they facilitate manufacturing, speed delivery, and enable the widespread use of countless products and services in the market today.
He says that it is a matter of dispute how far rising income differentials are due to trade and how far to technological change.
Government support, the state of the world aviation industry, the price of oil, customer support, World Trade Organization rulings, the speed of technological progress in composite materials, the reaction of industry behemoths Boeing and Airbus are all known unknowables which cause considerable uncertainty to the board of Bombardier.
We also discussed the potential to expand our cooperation on behalf of economic growth, trade and investment, as well as technological innovation, and I look forward to discussing these issues further when President Medvedev visits the United States later this year, because there is much we can do on behalf of our security and prosperity if we continue to work together.
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Economies can get truly richer only through increased productivity growth, either from technological advances or from more efficient production thanks to international trade.
To limit trade to save jobs would be similar to limiting technological progress to save jobs.
In thinking through the economic theory of liberal trade, it is helpful to draw a parallel with technological progress.
Included are challenges to our trade balance, access to critical resources, debt obligations and continued technological preeminence.
China runs a deficit on its technology trade with the rest of the world, and 80% of technological imports and exports are controlled by foreign-owned firms in China.
There is the equivalent of a technological arms race as modern fund managers vie to find the best computer models and to trade quickly before their competitors spot the same opportunities.
"There are still negative stereotypes about hawkers, for example that they are less well-educated, " says Hazel Tan, a Nanyang Technological University student who is behind Youth Hawkerprise, a campaign to encourage young people to join the hawker trade.
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