Max Hobrough, Chapter12, question 7

In chapter 12 Wheelan discussed trade and how it can turn a one way deal into two way deal with hopefully both parties involved gaining from them. This topic expanded and depended my knowledge for the who world trade system and how it really works. When I got to the part in the chapter when he started to talk about that for something to be and effective trade it needs to be voluntary. A trade just will not work if it is only going to benefit one party and the other party is left unhappy and pissed off. Well from one rotton trade could possibly end a whole trading relationship. Also the whole concept of productivity and doing what you can do the best and most efficient is really interesting. There is always a cost to everything which trading helps with. The trading has groups create what they can create most efficiently so then they can rely on the other trading partner to do the same with whatever it is that is needed. This goes back to human capital and using our resources as best as we can so there can be maximum efficiency and we are not wasting a specific talent or skill set. This system if implemented could have the tools to lift all of Africa out of the dust by other wealthy nations trading products that we can not make. There just needs to be something that the African countries can do better than the rest of the world. I do believe if this can be found they can be raised from the dirt so many issues will then be solved.