Thursday, December 4, 2014

Sophie Gunderson, Chapter 12, Question 2

After reading chapter 12 of Naked Economics, I have to admit that I am left a bit angered. Angered by the fact that many people in the world still strongly resist globalization and trade even through the pros have been shown to dramatically outweigh the cons. An example that Charles Wheelan used that was especially interesting and understandable involved the Mississippi River. Restricting trade around the world would be like restricting trade over the river. The people in the east would have to stop what they specialize in in order to make what those in the west do and visa versa. Long story short, it makes no sense and is very unwise to halt this trade. As time goes on and our ecomony, as well as the global economy, increases, trade should continue to increase also! Although there are some losers in the short run and possibly overall, there are many many more winners. I vote more trade and more random KFC's throughout the neighborhoods of the world because without it, we are less specialized, less productive, and less rich. 

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