Professor Elam

One response to “The Race to the Top”

1. 

   Joe

   August 26, 2012

   I think Seth Godin’s article is cause for concern in respect to a need for uniform international environmental and labor laws. In addition to Godin’s argument of lowering standards to keep prices competitive, some countries are hoarding resources. Currently, China is refusing to sell certain resources that are needed in electronics, and India is building dams that prevent rivers from reaching Nepal — subsequently causing droughts and famines there.
   When a country performs efficiently, it can work very well. One may look at Brazil, which is still experiencing prosperity due to it being the second largest exporter of ethanol from its sugar cane extract and utilizing its natural gas production. However, Godin’s article makes me wonder how far some countries may go to get the lowest price. Would a country be inclined to dillute a commodity to keep prices low? Or commit some other type of fraud?

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