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One good side effect of globalization is to create opportunities to bootstrap the local economy (by whatever magnitude) and increase the standards of living for
by Y7EhHtj8a7 6y ago
One good side effect of globalization is to create opportunities to bootstrap the local economy (by whatever magnitude) and increase the standards of living for the local population and once the local economy is good enough that the wages and quality of life rise a bit, pick up and move to the next country that's cheaper and hopefully by then the local economy is good enough to support it self, at the very least better off than it started with. Hopefully in the future we would have the entire world above a certain standard of living :)
- f69281c 6y agoThis creates an incentive for international corporations to keep a few banana republics around - nations constantly kept in shambles to ensure a fat profit margin by minimizing manufacturing costs. It also eats away at the earning potential of the middle and lower classes in more advanced nations. If your nation's cost of living is high, finding a way to outsource your economic productivity is the goal of a titanic mountain of cash. Because of this economic uncertainty, it ALSO makes some middle and a lot of lower class people in advanced nations latch onto the first nationalist they see.