i need some information on this topic for a project.
im a student of 11th class.
can any one suggest any reference websites for this?
2006-12-20 22:35:11 · 5 answers · asked by Anonymous in Social Science ➔ Economics
Yes, but in the short term. Once people realise that cheap is actually expensive then they will obviously ditch these goods for the more durable and better quality products.
2006-12-20 22:46:58 · answer #1 · answered by Ithea Nzau 3 · 0⤊ 0⤋
No brainer. Of course it undermines domestic producers. Use your imagination and type in your search engine stuff like, the downside of gloabalization, or the pros and cons of globalization, or cheap goods are undermining America, or offshore businesses hurting America. Use google, use hotpoint, use yahoo, etc. You will get so much information that it will more than provide for you. You might even explore the related area of wages and how globalization is lowering American wages. The sky is the limit.
2006-12-21 06:47:08 · answer #2 · answered by pshdsa 5 · 0⤊ 0⤋
It is not sufficient to say Cheap goods are made in China.
Many Electrcal products are made in usa outside nys which are cheap and potencally defactive
2006-12-21 07:25:09 · answer #3 · answered by JAMES 4 · 0⤊ 0⤋
yes they are, because domestic producers who prouce at their maximum cost, will not really be able to compete with these chinese goods as they produced at a very low cost of production.
2006-12-22 19:24:12 · answer #4 · answered by ???? 2 · 0⤊ 0⤋
Check worldbank.org that has a lot to do with economic growth in different countries.
2006-12-21 08:05:59 · answer #5 · answered by Tapestry6 7 · 0⤊ 0⤋