1. Basic Message
Comparative Advantage does not tell us that New Capabilities Abroad are necessarily good for the U.S.
We do not have to give up Free Trade; it has many advantages
But a Good Free Trade Outcome is not automatic. There is much to be learned and done to obtain it.

2. Discussion Outline Two Views of Offshoring
What the Literature Actually Says
The way Trade is and the way Trade Was
Is Trade always Good? Yes, but some outcomes are better than others for the U.S.
What can contribute to a good U.S. Outcome?
Corporations’ Role may conflict with the National Interest

3. Conflict and Mutual Gains