Quote:
Originally Posted by milomilo
If the end result of globalization is every country moving up the value chain and improving their economy enough through trade, such that they start to resemble western countries, what exactly is bad about that? It's a very Trumpian way of viewing the world to think that it's better that both us and the exporting country are poorer, so long as we are less poor.
And if it's cheaper in the long run to use Canadian goods because they are better? Fine, procure those goods. Nothing stopping anyone doing that and if they are not then it is incompetence on their part.
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Plus, I've always thought that having poorer countries become rich(er) is a plus for us because that means more people will be able to afford the stuff we produce.
Right now, lots of markets in the developing world are basically nil for us because the population simply can't afford our products and services.