Imaging software paired with sophisticated diagnostic equipment offers an amazingly detailed, 3D look inside the human body. Medical innovations support well-paying jobs in every state, from sonographers to medical software developers to medical equipment repair technicians. Expanding sales worldwide is a prerequisite to sustaining growth in these American healthcare jobs.
As the President engages with Congress, the public, and his Mexican and Canadian counterparts to renegotiate NAFTA, he may find it useful to consider his own 11-step formula for success. Step two: “Protect the downside, and the upside will take care of itself.”
Digital trade is a boon to consumers and businesses all over the world. But cyberspace is a Darwinian environment with predators and victims. Cyber criminals are fast and innovative. Defenders are too often slow and reactive. The risks, however, can be reduced and managed.
The scope and speed of cyber attacks show just how interconnected and fragile the infrastructure of global commerce is. It’s a vulnerability that criminals are all too eager to exploit: cybercrime is a booming international business.
They say variety is the spice of life. As millions of households around the world can increasingly afford to diversify their diets, stimulating global demand for more meat, fish, dairy, fruits, and vegetables. It’s an opportunity farmers in America and in developing countries are preparing to seize.
How can one bakery focus on selling this many flavors of macaron cookie? Production in our economy is increasingly specialized. Specialization requires trade, which in turn promotes more specialization. And, the greater the number of consumers and producers, the larger the scope for each producer to focus on a narrow specialization. That’s part of the story of trade.