4 ms·
That's the pessimistic side of the globalization coin (that the article touches on) but on the flip it is that it creates opportunities. New economies, markets
by minsc_and_boo 4y ago
That's the pessimistic side of the globalization coin (that the article touches on) but on the flip it is that it creates opportunities. New economies, markets, and other demand that has it's own needs for supply that didn't really exist before.
For example, national steel mills put local blacksmiths out of work, but they fueled industrialization, new construction, and entirely new market opportunities.