Angela Scharf, Chapter 12, Q.3

In our lifetime we will have to continue the debate of globalization. People today tend to make a point about buying strictly "American made products" or specifically directing their money to American companies and goods which is fine, but what they fail to realize is that trading with other countries can prove to be just as beneficial if not more. Trading internationally can free up time for the American workers and direct them to jobs that they're better at. The biggest problem with globalization today is that people don't realize that giving jobs to workers in other countries is not a bad thing. These people are only looking at the short run sting of unemployment. Yet they don't realize that in the future the unemployed Americans can be directed to a more fitting job through comparative advantage therefore increasing overall productivity and making the US (and other countries) richer. Although there may be unintended consequences to an interdependent economy, the alternative is Protectionism which only slows economic growth and maximizes opportunity costs.