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here's hoping that this leads to less labour arbitrage and exploitation, and more developing nations investing in their own locally-beneficial industries.
by beaconstudios 9y ago
here's hoping that this leads to less labour arbitrage and exploitation, and more developing nations investing in their own locally-beneficial industries.
- intended 9y agoBy definition of global trade, the locally beneficial industries won't survive if the firms in the west take off - those firms will undercut even developing world prices and sell to those markets. The question is what do those markets offer in return?
- beaconstudios 9y agonot necessarily, with logistical costs to transport goods. The alternative is that those firms start up local factories, but then that's helping the local economy. With digital goods, many Western products aren't translated or localised. Even with translation, there are a lot of cultural artefacts built into software products that may translate to a poor user experience in other cultures.