Globalization makes American technology, finance and resources more valuable, and individuals producing and managing those enjoy soaring incomes. But free trade pits ordinary American office and factory workers against legions of capable Chinese and others, and destroys jobs without creating enough new opportunities in exporting activities.
China and others are careful not to let free trade suck them into permanent dependence on western technology and banks. Their governments require American and European firms to establish on their soil R&D, sophisticated manufacturing activities and financial activities.
Through business acumen and shrewd government policy, emerging economies have captured more of the jobs and wealth that globalization creates than the free play of markets would require. U.S. policymakers cry foul but those governments will not willingly abandon successful approaches to economic development. To rebuild prosperity and the middle class, Washington must better grasp statecraft and rethink approaches to free trade.
Globalization is the integration of economic, political, and cultural systems across the globe? Or is it the dominance of developed countries in decision-making, at the expense of poorer, less powerful nations? Is globalization a force for economic growth, prosperity, and democratic freedom? Or is it a force for environmental devastation, exploitation of the developing world, and suppression of human rights? Does globalization only benefit the rich or can the poor take advantage of it to improve their well-being?
This current wave of globalization has been driven by policies that have opened economies domestically and internationally. In the years since the Second World War, and especially during the past two decades, many governments have adopted free-market economic systems, vastly increasing their own productive potential and creating myriad new opportunities for international trade and investment. Governments also have negotiated dramatic reductions in barriers to commerce and have established international agreements to promote trade in goods, services, and investment.
Taking advantage of new opportunities in foreign markets, corporations have built foreign factories and established production and marketing arrangements with foreign partners. A defining feature of globalization, therefore, is an international industrial and financial business structure.
Globalization is deeply controversial, however. Proponents of globalization argue that it allows poor countries and their citizens to develop economically and raise their standards of living, while opponents of globalization claim that the creation of an unfettered international free market has benefited multinational corporations in the Western world at the expense of local enterprises, local cultures, and common people. Resistance to globalization has therefore taken shape both at a popular and at a governmental level as people and governments try to manage the flow of capital, labor, goods, and ideas that constitute the current wave of globalization.
To find the right balance between benefits and costs associated with globalization, citizens of all nations need to understand how globalization works and the policy choices facing them and their societies. Globalization101.org tries to provide an accurate analysis of the issues and controversies regarding globalization, without the slogans or ideological biases generally found in discussions of the topics.
~ ~ ~ ~
Editorial: As Globalization and The New World Order evolve, wages for employment will change. Do you really think that the working class of India or China, will now get the same wages as workers in more prosperous countries, like Eourpe or The United States. In order to reduce wages of workers, those who control the flow of wealth, with the help of the governments they manipulate, will create depressions. Then when unemployment and poverty have been inflicted on those higher wage earners, they will be willing to work just to exist. This will be the foothold needed to advance the agenda of globalization and the New World Order.
You can vote to change your law makers as often as you want, it will not effect the coming of this change. Simply put, it does not matter who makes the law, but who controls the wealth. Bottom line, it’s going to happen, and there is nothing you or I can do about it. ~by Rusty Bingham.