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Hmmm. Lots to unpack here, but I'll focus on your comments about globalization. I suppose you could implement regulations to prohibit importation of goods/servi
by Alex63 8y ago
Hmmm. Lots to unpack here, but I'll focus on your comments about globalization. I suppose you could implement regulations to prohibit importation of goods/services from jurisdictions that don't have acceptable standards in place. By doing so, you would probably destroy the economies of India and China. Without a cost advantage (due to lower labour and environmental standards), the shipping costs would pretty much ensure that you would always buy from local suppliers. Wouldn't the destruction of emerging economies result in more victims than would poor labour/environmental standards?