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The Safety Downsides to Globalization

03/11/10 Stockholm, Sweden – China, “workshop to the world,” produces low-priced goods that have overwhelmed the global economy with value… except for some notable exceptions.

Historically, it’s a nation that’s not always held to the same health or safety standards to which US manufacturers, for example, are obligated to uphold. Occasionally it’s resulted in disastrous consequences.

In a sometimes-accurate parody of the failures, “Buy, Buy American Pie,” written and performed by the Capitol Steps, points out the lowlights below.

Author Image for Rocky Vega

Rocky Vega

Rocky Vega is publisher of Agora Financial International, where he advances the growth of Agora Financial publishing enterprises outside of the US. Previously, he was publisher of The Daily Reckoning, and founding publisher of both UrbanTurf and RFID Update -- which he ran from Brazil, Chile, and Puerto Rico -- as well as associate publisher of FierceFinance. Rocky has an honors MS from the Stockholm School of Economics and an honors BA from Harvard University, where he served on the board of directors for Let’s Go Publications, Harvard Student Agencies, and The Harvard Advocate.

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