Thursday, October 22, 2009

Benefits from Globalization

This recent Wall Street Journal article, "Indian Firms Shift Focus to the Poor", was subscriber content when I last checked. (But use your browser to search the title, you might find the whole article somewhere.) However, what was not subscriber content was the interactive graphic. It highlights some of the technology that is working its way to the lower income groups. When we discuss the benefits of globalization, or the benefits of trade, these are the kinds of things that make for excellent examples. Why? Trade accelerates the spread of goods and services. Even if the products are made in India; one reason they are available is the increased profitability that comes from trading and sharing technology.

I look forward to your comments.

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