That certainly lays excellent groundwork for our discussion today. In that sense, free trade in the same way that it benefits the U.S. will also benefit Mexico and make Mexico a more prosperous and stable nation. With Mexico more prosperous and stable, some of the potentially destabilizing influences of Mexico on the U.S., for example very high waves of immigration during periods of economic recession in Mexico, would be contained. In that sense it's both the economic benefits that would accrue through any free trade agreement with any country and the specific benefit with respect to Mexico, given that it's our neighbor with which we share a long border. In addition to the economic benefits which will accrue to students as well as every other American, one of the important sectors in which Mexico is contributing to the cheaper availability of goods in the U.S. is automobiles.
Students getting their first licenses can be happy about that.
There are also the cultural benefits. More than that is broader exchanges that are possible and are increasing in the arts, for example. I like that implication an awful lot. As I mentioned earlier, the U.S. has, broadly speaking, a comparative advantage in capital and in high technology and in sectors that involve not only higher capital but higher human capital in terms of more highly skilled workers that have a much higher educational level here than in Mexico. In the same way that in Adam Smith's time, the comparison was, for example, between someone who had expertise in making shoes and would therefore buy his clothing rather than attempt to make it himself.