The invention of technology has helped considerably change
the way that countries trade goods. Because technology improves the efficiency
of production, the United States has the ability to make more goods in a
shorter amount of time so that more goods can be traded worldwide. Because of
technology, we can easily converse with other countries, and thus trade goods
more efficiently. The national debt is linked to the trade between countries,
so an improvement with technology-related trade could be a huge factor in
getting our economy back on track again.
Grossman, Gene M., and Elhanan Helpman. "Technology and Trade." NBER. G. Grossman, Nov. 1994. Web. 11 Dec. 2012.
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