Galapagos Islands Message Board

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Strategies & Market Trends : Galapagos Islands

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To: MrLucky who wrote (51305)	3/19/2004 10:07:03 AM
From: MulhollandDrive	Read Replies (2) of 57110

"Everything" was made outside (Asia and South America). It is considered a top end store. I was amazed. I did not check the men's section but assume it was the same. hi DGL... i'm beginning to rethink my opinion on tariffs.. adam smith on tariffs: The recovery of a great foreign market," he wrote "will generally more than compensate the transitory inconvenience of paying dearer during a short time for some sorts of goods." econlib.org the problem i see though, is if you consider his theory of the division of labor (which i think has been empirically demonstrated), companies utilizing technology and the most efficient human capital (the wage differential overseas) is quite rational in a competitive market. the question becomes at what point does the behaviour of rational self-interest on an individual and corporate level become self-defeating to the broader economy (job loss and the associated decline of the domestic consumer's wages) i believe because of efficient division of labor, manufacture of goods in the country is forever changed, the die is cast....

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