(Republished with permission of YaleGlobal Online)
By Ajai Gaur and Ram Mudambi

Fox’s Ram Mudambi
Four fallacies underline these common political arguments.
- Fallacy 1: Manufacturing jobs are the basis of American prosperity.
- Fallacy 2: Imports make us poorer.
- Fallacy 3: Success of foreign firms always helps foreign countries, success of U.S. firms always helps the US economy.
- Fallacy 4: To export, firms must sell to buyers in foreign countries.
For more from the Fox School’s Dr. Ram Mudambi on the ties between politics and international business, click here.