Response to 2 Articles from Class

Today we read two articles in class. One was about General Motors and the other one was about the World Trade Organization. As different the articles were dealing with two separate matters, they had lot of similarities with regards to economic matters, as far as outsourcing of valuable jobs to low-wage countries, such as to China. On the other hand, the low-wage countries are dealing with the counter-problem as they have to deal with punitive taxes imposed by their governments to discourage purchases from international companies and encourage the purchase of domestic products. Since there are as you can see at least two sides of the coin, the US and Europe have to find ways to stop massive lay-offs and company buyouts. In fact, both governments should work on incentive plans for prosperous domestic companies, like GM to keep and even to create new jobs for their people. But this can only be done if the US and the European government finds a healthy balance between imports and exports.