Tuesday, May 6, 2014

12

Things are finally beginning to come full circle now after reading this chapter. How us Americans can benefit from trading to developing countries, so that we can focus more on putting our special skills to jobs that will benefit us and the other developing countries were trading with. The thing that made me realize that this all comes full circle is how we Americans are almost always gonna benefit more because we have better education then more then half of the rest of the world. It will always come down to who has the better education because those people are going to have more special skills creating a better income for them, but unfortunately those developing countries aren't going to make as much of a profit because they lack skills that make more money. Also I must say that I found it really interesting that Gandhi was a bad economist and since India reversed his tactics their economy has been a success, sorry Gandhi lol.

No comments:

Post a Comment