global economy

I am a firm believer and advocate of a genuine global economy, I believe that we must allow companies the freedom to produce in lower wage, less developed countries. The perceived exploitation of people in less advanced countries may seem coarse, but this utilization of inexpensive labor clearly boosts the respective economies currency. Thus, it is desirable for every party involved. As for overseas production being undesirable for the advanced country due to the loss …

…benefits are achieved. The people of underdeveloped countries receive economic stimulation. Global companies are able to cut costs, surviving in an increasingly competitive world. Also, it helps people realize that it is increasingly necessary to receive specialized education or training in order to achieve at least a moderate standard of living. Albeit everything about manufacturing and production in a poor, underdeveloped country is far from perfect, the positive attributes appear to outnumber the negatives ones.