notic

Thanks for posting Rob. Globalization is always a touchy subject in society today. A lot of people I've encountered have said its rubbish or that job protection is of the utmost importance for their elected leaders. But for decades economists have measured the effects of trade and the benefits it brings to its participants. The article makes an important point about comparative advantage. Globalization is not a zero sum game. In most cases it has brought wealth and prosperity to the poorest of regions and continues to enrich some of the wealthiest.

The problem here is the human cost in the transition stages of the economy. Its long and painful and if you ask a sociologist, its probably not worth it (any sociology majors here?).