Turquoise wrote:
Cybargs wrote:
Turquoise wrote:
Globalization doesn't make everyone wealthier, but it does have a net effect of making the developing world wealthier.
It makes the production and sales of goods cheaper so it does make everyone wealthier. Sure it does shaft a lot of low end jobs, but those people can find something else to do. Hell in Australia a plumber can make 80k a year due to the lack of plumbers Australia has lol.
Yes, but I'm just saying... you can't literally say that globalization makes everyone wealthier. There will always be people that will slip through the cracks. Not everyone who ends up unemployed is lazy.
Ideally, globalization has a net effect of optimizing comparative advantage. In reality, this optimization doesn't completely happen. There are a lot of external factors involved (like trade policies and barriers) that prevent globalization from working in a textbook manner.
Well we are moving towards a more globalized world... A lot of the trade barriers have been taken down since the introduction of the WTO. Now it's just free trade blocs vs free trade blocs.
