Avinash_Tyagi said:
No you are wrong there are always losers, but the overall health of the nation is improved through trade, the role governemnt should play is to act as a sheild for the losers so they don't suffer too greatly, but no there is always losers in any economic scenario, simply because of comparative advantage, certain sectors will suffer through globalization, however government can step in and assist in retraining, unemployment benefits, etc. etc.
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It seems I need to clarify what I said. I understand that sometimes people/industries/whatever get the short end of the economic stick, but it is that exact same comparative advantage you mentioned that allows two parties to reach mutually beneficial economic arrangements, effectively creating two winners.
Right now we are seeing massive economic growh out of China, not because their government is assisting the citizens all the way to prosperity, but because their trading of an abundant resource (cheap labor) has attracted all sorts of foreign investment. I'm not defending the inhumane treatment of sweatshop workers, but those workers still earn significantly more than rural peasants, and haev the benefit of living in a modern city. China grows, everyone else saves money on purchases, everyone wins.
