Friday, November 21, 2014
Jonathan Webb, Chapter 11, Question 6
When he said that, "in a modern economy, more than three-quarters of goods and services are no tradable." that was a big surprise to me. Because of the examples he was talking about earlier in the chapter about the car trades and my own experiences in my life I thought it would be that number just for tradable goods. The whole Mumbai example got me thinking just how relative the world is. I mean, some who is struggling here in the United States could have the same kind of benefits as someone would who is doing successful in a 3 world country. But the fact is, would they be happier in the U.S. or there. Or if you think the oppisate way, some famous rapper in Africa is getting all these benfits, but if they came over to the U.S. and earned the equivalent as what he was earning in Africa, it obviously wouldn't be as nice. So again the question would be, would that rapper rather live in Africa getting his benefits there, then"highlife" in Africa but worse conditions or to the U.S. making less and not getting the same benefits but living in better conditions with more opportunities?
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