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Globalism encourages production of goods in multiple regions which are efficient at the production of a particular product. For example, globalization is why T
by twblalock 7y ago
Globalism encourages production of goods in multiple regions which are efficient at the production of a particular product.
For example, globalization is why Toyota manufactures cars and car parts in 18 countries, rather than just in Japan. Under localism, Toyota would only manufacture in Japan.
- legolas2412 7y ago> globalization is why Toyota manufactures cars and car parts in 18 countries, Definitely not. It is because of tax incentives under protectionist policies. A perfect free-market globalized world would actually see cars being manufactured in just one place for maximal efficiency.
- cvlasdkv 7y agoIncorrect. A free-market globalized world (I shudder at calling such a world "perfect") would see cars manufactured at wherever gives maximal marginal gains. Which is what we've been seeing... Resources are finite no matter how much capitalism pretends otherwise.