While the US, on aggregate, may well have beneﬁted from increased trade with China, not every single US worker has. [22] But rather than insulate domestic industries across the board, it would be better to effectively cushion social hardship and invest in education. Clearly, an adequate tax system and a social safety net can be instrumental in spreading the welfare gains of globalisation.
There are also opportunities in business partnerships to pool financial and human resources, and gain economies of scale; to compete favourably for large scale projects. However these partnerships cannot be sustained without ethical practises and respect to contractual obligations. 4  This event was termed as a networking dinner.