Chapter 12 Q-7

By reading this chapter Wheelan opens my eyes to the importance of specialization. Specialization is what makes countries productive, richer, and opens up trade. Wheelan also says countries can "consume more by specialization at what they do best and then trading"(274). Wheelan also opens up the idea of how in globalization there will be losers. People in the US will lose jobs because people can do the same thing for cheaper in foreign countries. Although there are losers, in the long run economies grow and absorb displaced workers.