Tuesday, October 04, 2005

Back to Sweating

It's been a good while since I posted anything about sweatshops and globalization, but I ran across this old article by liberal economist Paul Krugman today and couldn't resist posting it. No matter what you feel about the ethics of cheap third world labor, you have to look at the data: countries that have embraced globalization (and hence, the cheap manufacturing jobs that people love to complain about) have done far, far better economically then countries that have resisted an influx of foreign (i.e. American) corporations. As far as I'm concerned, the results are in, and it's pretty hard to look at them and say globalization is a bad thing. It may leave in a bad taste in your mouth, but it works at making the poor people of the world better off.


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