While referring to the \"EYE on YOUR LIFE\" section on page 467 of the textbook,

Question

While referring to the "EYE on YOUR LIFE" section on page 467 of the textbook, consider the trade policies that serve our self-interests and what best serves the global social interests. Base your answer on the economic concepts you have learned in this course.

For example, as U.S. consumers, we are the "winners" in globalization, which has brought iPods, Wii games, Nike shoes, and a wide range of other products to our shops at low prices. However, the big "losers" of globalization include the U.S. textile workers and furniture makers whose jobs disappeared overseas. Other "losers" include the African farmers whose crops were blocked by trade restrictions and subsidies in the United States and Europe.

What global social interests or responsibilities, if any, do we have as consumers to the losers of globalization? Discuss and justify your postings and responses with other students in our course.

Explanation / Answer

If we consider the demand our mareket place calls for quality products at reasonable (lets face it cheep is a better word for a bargain) then we are the biggest fans of globalization. The fact that strength of internnation trade fuels alot of the business that we have today because of the amount of the world resources that we consume. The intersting thing is that we have used cheep labor to fuel some of our biggest business like Walmart, Amazon and Best Buy. So you can say that international trad or as it's being refered to now as "globalization" is becoming common place because we have fueled it with our need for products in our budget.

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