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Trade Myths: Globalization has left trade balances behind (Revised 2009 edition)
Cross Time Matrix Sdn Bhd
Published: Tuesday, March 31, 2009

Politicians use trade balances measured using an approach created during Leonardo da Vinci's life. Enzio von Pfeil unmasks this dangerous anachronism and the myths that it spawns to justify protectionism. Using a state-of-the-art approach, he calculates America's huge global trade surplus - and warns against a new, dangerous form of protectionism directed at the overseas operations of American multinational corporations (MNCs), large and small. He wonders why these MNCs are financing the campaigns of some of the very politicians who are threatening their overseas operations.
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