Preliminary notes

F-Secure [?] Whoops! That's something I need to look up.

Here:

The supposed link between trade and recessions is superficially appealing. During any recession, critics can point to imports that displace domestic production, putting some U.S. workers out of their jobs and supposedly reducing domestic demand for goods and services. They can more easily blame U.S. multinational corporations for "shipping our jobs overseas" by locating production facilities in countries where labor and other costs are lower. But like so much of the conventional wisdom about trade and the economy, the alleged link between rising levels of trade and recessions simply does not exist.