Economic Rationale Policy- Critique on Technology Diversification from One Single Source

Abstract

Globalization with passing time at a great speed have resulted into innumerable consequences of economic both advantages for some and decreasing gains to countries which have enjoyed and reaped comparative advantages in production from labor as well as home country’s natural endowments. Economic core laws and one of the more recognized is the law of diminishing return, other things remaining the same, but other things do not remain the same.