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I live in Brazil and we have lots of protectionism. It's really interesting your comment, it changed some of my beliefs.
by edpichler 9y ago
I live in Brazil and we have lots of protectionism. It's really interesting your comment, it changed some of my beliefs.
- nashashmi 9y agoTo add a thought, invitations to foreign companies and investments can drown out local cultures with foreign personalities. This can be detrimental to what makes the country special and reduces the purpose of why they should ever prosper.
- RobertoG 9y agoI'm not sure I follow your reasoning. What is that purpose? I though it was so the people of the country have better lives.
- ethbro 9y agoI believe parent meant "why they would prosper". Essentially: if you turn your country into {other country, except with cheaper labor}, then you kill the uniqueness of your national identity. Which is one of the biggest assets you ultimately have in international trade, if all countries were economically alike.
- nashashmi 9y agoThanks for the correction and elaboration. I could not have done it myself.