Tuesday, October 23, 2018

producing strategies & trading

Hello everybody!
 
I have just taken part in an experiment at school the other day, which was about producing strategies and trading.
 
I was a member of the large group, so I was producing in the development country.
The first task we had to do was to decide how many products we want to produce in 24 hours. We had to decide to produce either cars or bread, or a mixture of both. The goal was to own as many breads as cars.
If we produced bread in our country, the developing country, the production took 4 hours and the production of cars took 6 hours.
My first idea was to produce 3 breads and 2 cars, so that I have as many couples of bread and cars as possible.
The second task was to deal with people from my own country. So I tried do trade with them, but we couldn’t, because in our group were a lake of cars and a sure plus of breads.
So in the next round I changed my producing strategy. I decided to only produce breads, because the next task was to get deals with the wealthy country.
As a member of the development country I tried to get a deal with a member of the wealthy country.
But also the second round of trading was difficult, because every member of the wealthy country produced as many breads as cars. I made a deal and exchanged 1 car for 3 breads. So I had a couple.
 
In my opinion, this experiment has shown us that globalization can be good and bad for us. For globalization to work and be fair, every country should produce and sell the product for which the country is most appropriate.

I hope you enjoyed my blog posting and you are going to read my next.
 
See you soon,
 
Sabrina

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