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The Safety Downsides to Globalization

By Rocky Vega

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 a regular contributor to The Daily Reckoning. Previously, he was founding publisher of UrbanTurf and RFID Update, which he operated from Brazil, Chile, and Puerto Rico, and associate publisher of FierceFinance. He specialized in direct marketing at MBI, facilitated MIT Sloan School of Management programs, and has been featured on CBS. Vega graduated with honors from Harvard University, where he was on the board of Let’s Go Publications and directed business programs involving McKinsey, Goldman Sachs, and Harvard Business School faculty. He is also enrolled at the Stockholm School of Economics.


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