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RE: LeoThread 2024-12-11 08:21

in LeoFinance11 months ago

Part 3/8:

Proponents of globalization argue for outsourcing goods and services to maximize efficiency and affordability. The classic argument follows the logic that countries should specialize in what they produce best based on their unique resources, climate, labor, and culture. This perspective highlights examples like Swiss chocolates, Italian pasta, and American fighter planes, positing that global trade leads to better prices and heightened living standards—a sentiment reinforced by the advancements in technology and manufacturing brought about by countries like Japan and Korea.

Concerns Over Outsourcing