Thursday, December 4, 2014

Sam McDonald chapter 12

While reading chapter 12 I came across the section titled Trade Creates Losers. Previously this year we have mainly talked about how globalization is wholesomely good for the growth and wealth of our country, but this section looks at the other end and in a way gives a face to those harmed by globalization.  This chapter says that we grow, as county, more wealthy due to globalization, but the individuals who lose their jobs don't necessarily end up in a better position. He gives the example of a worker who lost his job as a shoe factory worker to a factory in Vietnam. Wheelen states that this man is poorer now, and may always be. This has got me thinking that even though globalization is good for our country's wealth, is it really beneficial to the individual people?

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