Wednesday, December 3, 2014

Amelia Vayda, Chapter 12, Question 6

In chapter twelve of Naked Economics, Wheelan discusses how trade can make poor countries richer. One example he gives is when the major textile company in South Korea decided to work together with the Bangladeshi workers. Doing so increased the human capital; for example the workers in Bangladesh learned new skills which can't be taken away. After the South Korean company left, the company in Bangladesh did very well because they were given "essential building block" (283). Now seeing how trade can really help other countries, I don't understand how some people are against it. After reading this section I have come to learn how important trade is and why people should be in favor of it. 

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