The main debate over the topic of free trade is whether or not it will benefit America. It took a re-reading of a couple pages to find where this was going and what exactly free trade was. I initially guessed free trade was an agreement of no tax or something price-reduced between shipping countries. I was on the right track, but the "free" part has actually a different focus than just a monetary sense. It is free to restrictions of imports/exports, allowing for no particular limitations to traded goods. So, I was right with tax free as far as I'm correct, as it would count as a barrier. One example of another barrier includes how some countries, not in a free trade agreement, would ban trade of natural resources, I am guessing for a probable fear of cross-pollination or contaminant. So, to relate free trade back to Friedman's concept of the world flattening, we look back at the initial beginnings and benefit of free trade.
David Ricardo, having the smarts in economics, figured that with each country and its specializations, it would be beneficial for goods to circulate. Counties can be unique in their manufacturing, products and occupations, and then just share around the globe so everyone gets the good stuff and inventions for a nicer standard of living essentially. That was the theory, which modern-day, has a different view. Modern-day, we are flattening, which includes the previously unique way of the job field. This is where people get worried and take different sides to the current relevance to free trade. Because now, not just goods are free, but some services and "knowledge work" are available, which can have the result of jobs being stolen. The extent to their fear is aimed against outsourcing, off-shoring and supply chains. I can relate to the nervousness about for one, outsourcing, where foreigners fill up job positions from American companies, and in reality, do take some of those job opportunities away. Personally, I inflected on my future's potential and with my field directed towards Nursing, I don't see too much of job scarcity, being a localized skill (which I will define later) as where people are always going to need medical services, even if it were the end of the world. But, there is a solution to this worry if you are worried.
In fact, there are two, with one being that here in America, we just need to raise the standards to make for an equal job competition with those in India/Japan. With the option of outsourcing, we look at our two choices: U.S. or these smart guys, and choose the latter. We can step it up with the same persistent attitude toward education, and even have a preventative and futuristic approach of picking the right job field. The second solution, a little less out of our control, is to open restricted markets, for those countries that have them, so we can have more countries involved in the trade market. The economic concern can also be comforted with the obvious optimism that not everything has been invented. New jobs, industries and potentially, fields of study and standards of living can be opened up in the future. Those citizens caught in the middle of being average, between the specialized and localized, will need to search vertically. New inventions that begin as wants with escalate to needs, as the only limit can be that of imagination.
David Ricardo, having the smarts in economics, figured that with each country and its specializations, it would be beneficial for goods to circulate. Counties can be unique in their manufacturing, products and occupations, and then just share around the globe so everyone gets the good stuff and inventions for a nicer standard of living essentially. That was the theory, which modern-day, has a different view. Modern-day, we are flattening, which includes the previously unique way of the job field. This is where people get worried and take different sides to the current relevance to free trade. Because now, not just goods are free, but some services and "knowledge work" are available, which can have the result of jobs being stolen. The extent to their fear is aimed against outsourcing, off-shoring and supply chains. I can relate to the nervousness about for one, outsourcing, where foreigners fill up job positions from American companies, and in reality, do take some of those job opportunities away. Personally, I inflected on my future's potential and with my field directed towards Nursing, I don't see too much of job scarcity, being a localized skill (which I will define later) as where people are always going to need medical services, even if it were the end of the world. But, there is a solution to this worry if you are worried.
In fact, there are two, with one being that here in America, we just need to raise the standards to make for an equal job competition with those in India/Japan. With the option of outsourcing, we look at our two choices: U.S. or these smart guys, and choose the latter. We can step it up with the same persistent attitude toward education, and even have a preventative and futuristic approach of picking the right job field. The second solution, a little less out of our control, is to open restricted markets, for those countries that have them, so we can have more countries involved in the trade market. The economic concern can also be comforted with the obvious optimism that not everything has been invented. New jobs, industries and potentially, fields of study and standards of living can be opened up in the future. Those citizens caught in the middle of being average, between the specialized and localized, will need to search vertically. New inventions that begin as wants with escalate to needs, as the only limit can be that of imagination.
Comparable, is the skills of curiosity and passion to learn, and can be more powerful proof than IQ to personal progress in the growing world. Yet another term contributing to flattening the world. Initially as reading, it seem similar to outsourcing, how the
company involved is basing service somewhere else. Outsourcing was simple efficiency with clerical work or saving
money without office buildings, when service calls could be channeled to
stay-at-home employees. IQ can be out-beat by the drive people have with there curiosity and passion to succeed and persist in the world. To beat product costs with cheaper labor
and maintained quality, companies don’t stand a chance. At first, I doubted, with my skepticism on how IQ would be considered a lesser judgement, but then read that it is more than
just common sense and test taking skills, which should be expected. Most companies invested in a
little of both. Some over here AND over there. The main purpose of this hassle,
especially considering the weariness of leaving it up to others half of the
time, is for global competition. A main goal in business is to expand. This
involves more purchases, and getting the company name out to everyone, and
increasingly to outside of our American bubble, hence the term “everyone.”
Having establishments offshore invests in a bigger market which in turn
provides more orders on products to lead to more increase in popularity.
No comments:
Post a Comment