Sunday, October 16, 2011

Why Europe matters to Mass

        As if we didn't have enough to worry about, now we have to worry about Europe's economy too. Massachusetts and Europe's has various economic ties one of them being, "Heat Trace Products LLC, a Leominster manufacturer of cables for heating and cooling, weathered the 2008 recession by finding international markets for its products. Today, Europe accounts for more than one-third of its sales", that would be a huge loss if Europe's economy fell, impacting many towns close to our own. Europe also invests a lot of their money into Massachusetts mainly in tourism, "European tourists account for nearly half of all spending by international visitors to the state." Even if Europe's economy shifts slightly the people of Massachusetts might feel the crunch on our own economy. Even though our local news stations might only focus on the declining economy here in America, we should also pay attention to the international economies that could impact us in a big way. We would be foolish to care only about our own economy.
        Author Megan Woolhouse is not foolish. She knows that our own hometown economy is very important, but to also look at the big picture and not be as close minded. With the whole world in a recession, we need to focus on how to help everyone because every countries economy impacts another. Woolhouse is an informative writer who wants to change the minds of people who only care about America. The world is like an ecosystem, if one country fails, we all fail.



http://www.bostonglobe.com/business/2011/10/15/mass-feels-repercussions-europe-falters/giIZZkdjl3EUwuLZeYOhZL/story.html

1 comment:

  1. very interesting about European tourism...I never knew that!

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