tagged w/ Nations
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To get people excited about the Sydney International Food Festival and celebrate international food, national flags of participating countries were recreated using popular local foods of each nation.To get people excited about the Sydney International Food Festival and celebrate... more
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photi
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added this
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2 years ago
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This severe recession (Great Recession?) has given life to the isolationists among us in America. I see more and more calls on our President and Congress to close our borders to protect jobs. This happens everytime unemployment rises, but becomes fever-pitched when it approaches 10% as it does right now. I feel compelled to provide the reasoned arguments against protectionism.
The primary point against isolationism is that business is now global. The internet has seen to that. The jingoists among us will just need to deal with the fact that this ball of yarn can't be unwound. If the Iranian and Chinese governments, with their lack of Constitutional protections for their citizens, can't stop the Internet, most certainly neither can Obama nor our Congress.
The study of economics reveals that first, in the 1700s, Adam Smith through his "Invisible Hand" analogy theorized that labour would be directed to those who can do the work best (at the lowest total cost). Half a century later and building on Smith's work, David Ricardo developed the "Principles of Political Economy", and introduced the theory of "Comparative Advantage". According to Ricardo's theory, even if a country could produce everything more efficiently than another country, it would reap gains from specializing in what it was best at producing and trading with other nations.
For the rest of this article and more visit http://Wealth-Ed.comThis severe recession (Great Recession?) has given life to the isolationists among us... more
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Recent John McCain quotes and videos on the Russia-Georgia conflict which highlight McCain's "expertise".Recent John McCain quotes and videos on the Russia-Georgia conflict which highlight... more
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India is the Largest Democracy in the World with greatest Diversity
Know Everything About India.India is the Largest Democracy in the World with greatest Diversity
Know Everything... more
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Serb rioters broke into the U.S. Embassy Thursday and set fire to the facade after a massive protest against Kosovo's independence.
Masked attackers were seen climbing over a first-floor railing on the building and trying to throw furniture from an office. A blaze broke out along the mission's front facade.
The neighboring Croatian Embassy also was attacked by the same group of protesters.
Earlier today, At least 150,000 Serbs gathered in central Belgrade in a massive protest against Kosovo's declaration of independence, raising fears of street violence.Serb rioters broke into the U.S. Embassy Thursday and set fire to the facade after a... more
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