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Offshore imports rose continually from $953 million in 1966 to $36.5 billion in 1986, despite fluctuations in the dollar.
To avoid rough treatment from the U.S. administration, Taiwan eventually increased the value of its currency, a move that made offshore imports originating in Taiwan more expensive.
Inherently the market for natural gas is a geographically North American market (produced in, consumed in the U.S. and Canada, with some Caribbean and other offshore imports of Liquefied Natural Gas representing but a small portion of the total).
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A quick glance at the 806 and 807 statistics shows a dramatic rise in the value of offshore manufactured imports (the accompanying table of selected years illustrates the trend).
Without offshore production, imports would rise to over three-quarters of supply.
Outsourcing, offshoring and imports exert a steady downward tug on wages.
The RMT general secretary, Mick Cash, called on the government to enforce the law and prevent the offshore industry importing cheap labour.
"Therefore the liability of voting in favor of a job-offshoring, unsafe-import-flooding, 'Buy America'-killing, food-safety-undermining, drug-price-rising, foreign-corporate-treasury-raiding, financial-deregulating trade agreement is more likely to kick your butt".
Another is to pay for real imports offshore, while declaring only a fraction of their value at customs.
But French trade unions and businesses seek protection when offshoring, outsourcing, inexpensive imports or a strong euro threaten jobs.
Some of the choices that Cat has made – being a net energy exporter instead of building a Europe-wide electricity supergrid to connect British offshore wind with imported north African solar power – make the landscape changes I outlined above inevitable.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com