Is the global marketplace too idealistic of a theory for our border-protection-natured human beings? Multinational companies have been in existence for years now, but are they being applauded for their free market, "bring-down-the-borders" values, or rather under attack in today's highly polarized political climate? Free market economics open the door to find the most efficient resources for producing products in demand in this world. Free market economics theorises that the right price of a given product will be dictated by supply and demand. Add in today's online economy, coupled with a highly mobile customer, and you'll find that the ideals of supply and demand spread from region-specifics to a borderless market. Our demand is strong enough to cross borders, in order to be satisfied within our means. This in turn is pushing a standardized costing across countries that is benefitting a stabilized market.
So why is it that when companies go overseas to invest in job-opportunity increasing, economy-boosting ventures - that are keeping our products' base cost at an acceptable low level - we boast of how we are helping other nations with our investments in their countries, but when foreign companies do the same in ours, we fight that "good will" notion and claim that we'd rather support local products, when in fact these companies' existence in our countries are providing jobs to our local people and economy? Is anything really made "local" anymore, excluding certain limited items (maybe the local bakery or farmer's market)? Do we even want it to be? How would that hit our bottom line, our pocketbook? If we believe in free market and free trade, why don't we want the best to win, and shift our thinking from a "me-too" mentality to a "you're good at this, but I'm good at that" sharing of responsibility? What do you think is the right approach in today's world?
What are your thoughts on globalization and multi-cultural economics?
