Argumentative writing Dong-Yun Kim
Topic: Answer to New Zealand economy is New Zealand made.
Some people prefer to buy New Zealand products than buy products from other countries because they believe it will help the growth of New Zealand economy, however, I believe buying New Zealand products does not necessarily guarantee that the country will be better off. Yes, there are some advantages of buying New Zealand products but New Zealand cannot manufacture all the products New Zealanders need and it will be very costly and time consuming to develop the technology required manufacturing the products.
Above all, in the world of globalization, every consumer’s economic activity has an effect on the economy of many countries. The time when buying product from certain country benefiting only that country was gone long ago. That is, for example, buying a car from US Company ‘Ford’ does not only benefit ‘Ford’ because none of their cars are purely made in USA. Some components of the car might be made in Japan or in China. The profit from selling the car contributing to the economy is calculated by the percentage of money you spent stays in US. If it cost 1 dollar to manufacture a car, about 40cents goes to Brazil for steel, another 5cents goes to Japan for electronics and another 5cents to Malaysia for rubber. Out of 1 dollar, the % of money left in US is 50 percent. Compare that to reasonably cheaper cars from Japan who makes their own steels and electronics and sell it in US for 60 cents, there are not much difference in amount of percentage stays in US. (To sum up the amount of money lost from US made is 50cents and money lost from Japan made car is 60cents). The same rule applies in New Zealand.