Posted 10 years ago on Nov. 6, 2011, 5:33 p.m. EST by routerprotocol
This content is user submitted and not an official statement
(High economic security + Low overall national economic Gains) >>> (Low economic security + High overall national economic gains)
If a nation can’t find occupation replacement for people displaced due to off-shoring, it is better to adopt protectionism and settle with lower overall national gains. Else it could result in exorbitant gap between the rich and poor, and cause inflation, law & order issues, rising crimes, and thus stifling national growth in the long run
And that is what is happening in the Western world now.