Tuesday, May 5, 2015

Griffin Snow ~ Chapter 12

The importance of globalization was stressed in the chapter, as well as the importance of countries opening up to one another. It is interesting to hear and read about how many people disagree with global trade, or dislike the idea of any kind of globalization. When Wheelan wrote about trade creating losers, I can definitely understand why people would be upset or disagree with outsourcing jobs or trading with third world countries. It could be cheaper to have someone in Vietnam do the same job as someone in the US (like making clothes, $14 an hour vs. $1 an hour), but then there is one more unemployed person in America. No politician is ever going to have a slogan anything like "Minus one for America, but plus 14 for the world!"

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