So far our Free Trade Fact of the Days have been limited to discussion’s of Ohio in particular, our nation as a whole, Colombia, and Canada. But other states would also face economic ruin if liberal presidential candidates are allowed to follow through on their protectionist promises. D. Dowd Muska writes in the Connecticut Business News Journal:
Protectionist sentiments matter to Connecticut because international trade is a major component of the Nutmeg State’s economy. Some of the country’s biggest exporters, most notably General Electric and United Technologies, are based here, as are an increasing number of small businesses that seek customers abroad. Goods (and services, it’s worth noting) marketed to the world provide quality jobs and above-average wages for hundreds of thousands of Connecticut workers.
And the Nutmeg State’s exports are on the rise. Last year an analysis by the Department of Economic & Community Development found that the value of Connecticut exports rose by 26.3 percent between 2005 and 2006. Growth was higher here than in the five other New England states, and far surpassed the national average of 14.7 percent.