We’ve heard a lot of rhetoric lately suggesting that countries like the US are losing valuable manufacturing jobs to lower-cost markets like China, Mexico and Vietnam — and that protectionism is the best way forward. But those jobs haven’t disappeared for the reasons you may think, says border and logistics specialist Augie Picado. He gives us a reality check about what global trade really looks like and how shared production and open borders help us make higher quality products at lower costs.
Check out more TED Talks: http://www.ted.com
The TED Talks channel features the best talks and performances from the TED Conference, where the world’s leading thinkers and doers give the talk of their lives in 18 minutes (or less). Look for talks on Technology, Entertainment and Design — plus science, business, global issues, the arts and more.
Subscribe to our channel: https://www.youtube.com/TED