Today we had to read the article about globalization and how many companies are taking their buisness over seas to keep prices down. Well in view of the other side I would like to coment that just because a comany travels abroad does not mean they open a sweat shop. Trade, what they are doing, is a voluntary thing. Now granted that not all companies, infact most may not, opporate ethically, but trade should opporate in ways where both people gain. We gain from being able to produce the product cheaper and they gain by being paid. You and I, the consumers, gain from the lower price, and the company and stockholder also gain from their profit. So in such an example everyone wins. Now I am not at all encouraging the use of sweat shops or the fact that some companies, the like soccer ball company from the article, will buy children to work in their factories. And the other impression I got from the article was that trade in other countries was a bad idea. Well yes and no. Yes often companies eploit workers and treat them very badly and they should not do that. But also we only trade when there is benefit. So if it was wiser to keep the company in the US the company would still manufacture it's product in the US. Ok well I guess I am rambling but what I really want to say is not all trade in other countries is bad. It is very easy to say you only help the rich get richer and the poor get poorer and more difficult to explain the other side. And like most coins there is another side. For a professional's explaination you can visit Dr. Todd Cherry's web site. The web address is below.
http://www.business.appstate.edu/depart ... ttrade.htm