Wednesday, January 20, 2010

Did You Know--Video

This video was shown at my faculty inservice last Monday. I was left with the question, "Is globalization simply technological innovation?"

Suppose that you use Skype to hire workers in India to complete income tax forms. Isn't that choice more a technological innovation than an educational advantage? When I think of global competition, I think of markets where the prices are driven to their marginal cost. I can only see that equilibrium condition happening because of technology evens the playing field.

About the Author: Mike Fladlien is an AP Economics teacher from Muscatine High School in Muscatine, IA. He is an author, and also publishes the Mikeroeconomics.


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