Please read the article "Comparative Advantage and American Jobs" from Wall Street Journal in 2011. According to this article, Former president Obama created a Council on Jobs and Competitiveness to address the job crisis in the U.S. As pointed out by the author, one of the principles that can guide the council away from repeating past errors is that "A competitive America does not mean competitive success for every American industry." Based on what we have learned in the class about comparative advantages and given the globalization of our economy, what is your suggestions to Former President Obama if you were in the council? What industries are important to us in which we need to be competitive?

Link:

https://www.dropbox.com/s/wfbu1uvbgjztsh6/Comparative%20Advantage%20and%20Americ an%20Jobs.pdf?dl=0