Tuesday, February 13, 2007

On Free Trade #2

My wife told me the other day that her cousin in India wanted a Harley Davidson. The thought of an Indian purchasing a Harley Davidson would have been laughable only a decade ago. But now it is not such a ridiculous idea.

Some years ago, India decided to open their country to foriegn investment and trade. In a relatively short amount of time, India is transforming itself from an impoverished third world country into an economic powerhouse.

Are Indian people suddenly smarter or more industrious? No, they have simply embraced free trade. And now some are thinking about purchasing luxury motorcycles from Milwaukee.

Is anyone (please lets not talk about the environment on this one) harmed by this development?

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