Adrian asked in Social ScienceEconomics · 4 weeks ago

Is competitiveness in globalization a good practice?

2 Answers

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  • Zirp
    Lv 7
    4 weeks ago

    suuuure... Who doesn't like a "race to the bottom" in which workers like you try to be cheaper than folk in the third world?

  • Oiy
    Lv 6
    4 weeks ago

    Trere are two competitive schools in economics. The classical economists starting from Adam Smith and Devid Ricardo did belive in specilization and free trade. But independence theory suggested the other way because the developing economies will be independent forever. Even the US has been going to collapse.

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