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0 pointsTheGallopedHigh5y ago0 comments

Whether right or wrong it decimates the destination country’s market place. Food for thought.

0 comments

I guess I really know nothing about economics... Sincere question: how does paying less for functionally/fashionably equivalent products hurt the economy of the country that's consuming them?

hn_throwaway_995y ago

The same detrimental effects can happen with lots of aid given to Africa. Basically, the majority of Africa is clothed with first world hand-me-downs. The result is that there is virtually no market for home-grown clothing makers in Africa.

Think about it, the US has "anti-dumping" laws to protect US manufacturers, but we "dump" into other countries all the time in the form of "aid".

TheKarateKid5y ago

Are you really complaining about too much aid being given to a continent mostly stricken with extreme poverty?

I think the African people have more to worry about than supporting local clothing makers. The fact that they can be clothed cheaply allows them to concentrate on other problems they are facing.

See: Maslow’s hierarchy of needs.

1 more reply

bigwavedave5y ago

Ah, that makes plenty of sense. Thank you!

savanaly5y ago

Isn't this just the broken window fallacy though? Creating work is not a good thing in and of itself.

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TheGallopedHighOP5y ago

The local makers of said clothing can’t compete with low prices and therefore go out of business.

j / k navigate · click thread line to collapse

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bigwavedave5y ago

I guess I really know nothing about economics... Sincere question: how does paying less for functionally/fashionably equivalent products hurt the economy of the country that's consuming them?

hn_throwaway_995y ago

Think about it, the US has "anti-dumping" laws to protect US manufacturers, but we "dump" into other countries all the time in the form of "aid".

TheKarateKid5y ago

Are you really complaining about too much aid being given to a continent mostly stricken with extreme poverty?

I think the African people have more to worry about than supporting local clothing makers. The fact that they can be clothed cheaply allows them to concentrate on other problems they are facing.

See: Maslow’s hierarchy of needs.

1 more reply

bigwavedave5y ago

Ah, that makes plenty of sense. Thank you!

savanaly5y ago

Isn't this just the broken window fallacy though? Creating work is not a good thing in and of itself.

1 more reply

TheGallopedHighOP5y ago

The local makers of said clothing can’t compete with low prices and therefore go out of business.

j / k navigate · click thread line to collapse