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It depends on which force is more economically powerful: fewer jobs creating exports or investment dollars flowing into the country.
"By this means, we shall end by having a railroad composed of a whole series of breaks in the tracks, ie, a negative railroad".Noting the popular view that exports are good and imports bad, Bastiat wondered if the best outcome would be for ships carrying goods between countries to sink, thus creating exports without imports.
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Six of the top ten states that lead in exports to China California, Illinois, Ohio, South Carolina, Texass, and Washington) set records in 2014 for exports and creating export-related jobs.
A growing number of young Greeks are doing just that -- reacting to the crisis by creating export-oriented businesses largely driven by technology.
"We're going to employ people, provide training, create exports and help the country grow and develop as a democracy," said General Clark, who is chairman of Envidity, a Canadian energy company seeking to explore Kosovo's lignite coal deposits and produce synthetic fuel.
Garment makers in Bangladesh now employ four million workers, who create exports worth $25bn £16.6bnn) a year - 80% of the country's total.
"It has definitely created export-related job growth," said Bill Richardson, the governor of New Mexico.
Here, return migrants bring technologically advanced ideas and create export opportunities which bring about higher incomes.
An emergency law passed in 2002, in the midst of an economic crisis, has allowed the Kirchner government to create export taxes and keep the revenues away from governors and mayors.
That elite would much rather create export jobs, even at the cost of subsidizing foreign buyers, than allow the yuan to rise and thereby risk job shortages at home.
That elite would much rather create export jobs, even at the high cost of subsidizing foreign buyers, than allow the yuan to rise much against the dollar and thereby risk job shortages at home.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com