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Actually this is what India does and result? If I can't get my $50 welder from china because government imposed $50 import duty on it, then I am not likely to i
by econcon 7y ago
Actually this is what India does and result? If I can't get my $50 welder from china because government imposed $50 import duty on it, then I am not likely to invest into learning welding. And that job is going to some person in other country where government isn't doing this.
Government should stay away from trying to control import/export and see the local labor/business adjust on its own.
In manufacturing garbage in = garbage out. Use shoddy tools, end up with shoddy quality product.
It might work for domestic demand.
But internationally? A guy in India won't care about ethics used behind the product as long as he's getting his welder unit for the price/quality ratio he's aiming for. Usually, the volumes of sales accured in this fashion will result in efficiency beyond what cheap labor/lack of regulations can get.