The temptation is great to go abroad where the cheaper labor resides. to develop or exploit newproducts. Currency realinement as an instrument to serve our economy is an inadequate and politically bedeviled instrument. The surest. most equitable and effective instrumentality is the flexible import quota which sets aside a reasonable share of the domestic market for imports. -Such a quota system would restore the attractiveness of our domestic market to venture capital and open the way to increasing employment at home. It would make the foreign fields less of a lure because of the better investment climate at home. Employment would not be "exported" to the high degree that was brought on by the condition which made foreign pastures much greener than our own.
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quota system