1. There is no such thing as a positive or negative trade balance -> the balance is always 0.
2. Trade deficits often lead to an increase in economic growth and employment, or at least there is a correlation
3. Buying "local" leads to significantly higher costs in both money and time by preventing specialization
4. Economics does not change across geographical or political borders
5. Definition of "local" is often arbitrary
6. Why do we care about American poor, yet ignore world poor?
7. Often we only see who is hurt by outsourcing and job displacement, and ignore who it benefits
8. Concentrated damages and spread benefits are no excuse for preventing economic change
9. The concept of "Race to the Bottom" is laughable when you look at the data
10. FDI (Foreign Direct Investment) often flocks to more environmental, humanitarian, etc... countries
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