And whether seaborne commerce would attract the kind of high-value-added activities that Mr Brunetta wants is also questionable.
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But still, globalism would have a different feel if the U.S. were at the receiving end of high-value-added goods.
It is easy to attract the brightest of talent in Silicon Valley because of the high-value-added work that is offered here.
Lord Mandelson, the business secretary, thinks government should be more active in helping British firms, particularly high-tech, high-value-added and creative enterprises.
Canada's industrial mix contains a smaller share of high-value-added sectors than America's.
More than that, fashion is just the sort of thing Britain is supposed to be good at in this post-industrial age: creative, high-value-added, cluster-based.
Now, China, Korea, a whole bunch of Asian nations would love to import some high-value-added, high-tech stuff that could create huge numbers of jobs here in the United States.
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Wall Street seemed to be reacting to news of new stimulus measures from China, whose growing economy had been sucking in raw materials and high-value-added manufactured goods from around the world in recent years.
Ms Harney recently took delivery of a new report on enterprise strategy by a committee chaired by Eoin O'Driscoll, managing director of Aderra, which argues not only for more emphasis on high-value-added sectors and scientific research but also for greater efforts in marketing and promotion, in which Ireland has been weak.
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Encourage its companies to make high-tech and high value-added products.
After Tung Chee-hwa became chief executive following Hong Kong's return to China in July last year, he outlined a more activist development strategy stressing high-tech and value-added industries.
Despite weaker than expected panel demand due to the economic slowdown in Europe and low seasonality, Samsung's total TV panel shipments increased in the low 10-percent range on-year due to strong sales of high, value-added products such as panels for 3D TVs and LED TVs.
The jewelry interest is the high-carat low value-added jewelry, he said.
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David Pritchard, an American academic and consultant who has studied both companies, says that Airbus must now send more basic work to cheap-labour countries in Asia with currencies tied to the dollar, keeping only high-added-value stuff and final assembly in Europe.
The new policy is designed to boost income for the government (though the value isn't known yet) and create better jobs, especially high-tech manufacturing jobs that produce value-added tax revenue--not low-cost textiles.
However, for the remainder of 2013, high value-added DRAM for mobile devices and servers will sustain profitability.
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This capital is helping the U.S. increase employment in high value-added industries, such as IT and pharmaceuticals.
"Where New Hampshire competes is in producing high value-added products that require a significantly trained workforce, " he says.
Governments are now competing with each other to attract the financial, physical, and human capital necessary to nourish high value-added, innovation-driven, 21st century economies.
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We decided to put all our eggs in one basket and combine a high value-added tax of 28% we'll lower it a little after the danger of hyper-inflation has passed with liberalisation.
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On the components business side, demand for PC DRAM remained weak but growth of high value-added products such as server and mobile DRAM was constant due to increased sales of mobile devices.
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"Despite uncertainties in Europe and concerns over the U.S. fiscal cliff creating a difficult business environment, we did our best this quarter to achieve strong earnings based on a strategic focus on differentiated and high value-added products as well as our technological competitiveness, " said Robert Yi, Senior Vice President and Head of Investor Relations.
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The country is also focusing more on high tech, value-added production.
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It is moving out of its old traditional sectors and into newer, value-added, and high-tech ones.
Should we lament a trade deficit in iPhones or any other products assembled abroad, particularly when those products comprise U.S. value-added and support high-paying U.S. jobs?
At one of the companies, at EMC, where I went today -- wonderful company, passed on through generations -- they have hung on with their precision manufacturing, high value added.
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Armed with all this historical evidence, I think investors who are able to stomach the added volatility should consider buying a basket of small, value-priced, high-dividend-paying stocks.
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