Re: What's so bad about internationalization/globalization?

Roy:

You made some wonderful points to me. You totally enlightened me about
G. I have got some questions and comments on your responses.

>I assume that internationalization and globalization means the exact
>same thing.


They both mean a number of different things.

--I thought that they meant identical things.

>I'm trying to form an well-informed opinion on the merits/demerits of
>globalization. I am aware of the protesters in Seattle a few years ago
>who were AGAINST globalization (G). From what I've seen, G is good. I
>can see how it can be abused by rich nations like the USA.

>It's good. Here are my reasons backing it up:
>1. It diversifies an economy.



Not so. Diverse economies are often highly protected ones. Highly
open economies tend to specialize.

-----I didn't know that a diverse economy is highly protected. Which
economies in the world are highly protected, and what measurement of
protection are we using? What measurement of an "open" economy are we
using? All that being said, I would think the following:
1. The USA's economy is very diverse. Is it protected? I honestly
don't know. I'm a novice at this. I also think that because of our
advancements (an advanced society is always more specialized), that our
society is open. Aren't openness in an economy and lack of protection
hand-in-hand? I thought one facet of openness is removing of trade
restrictions.


>2. It opens markets.


Correction: it opens markets in poor countries to exploitation by rich
ones much more effectively than it opens markets in rich countries to
exploitation by poor ones.


-----Out of curiosity, can you give me examples on how this has
occurred. I totally see eye-to-eye with you that G can really screw up
a poor country even more. I've heard about 19 year old females
developing arthritis from working too hard. Nike is famous for
exploiting its workers in Indonesia.

But aren't there benefits?


>3. Just see what G has done for China and India.


China and India are good examples of countries that have strongly
_resisted_ a lot of the globalization agenda, particularly the
IMF/World Bank public policy agenda.

-----I truly thought that since '90,when India liberalized its economy
and allowed for more imports and reduced their tariffs, that India has
done TREMENDOUSLY well. Even moreso with China, which has done these
changes more aggressively than India. I'm not sure how the IMF and
World Bank works against the aspirations of the poor countries, like
India/China.



>4. Europe has benefitted from regionalizing its economy and removing
>restrictions and uniting their currencies.


That is probably true.


>Could you please tell me:
>1. Who holds the strongest opinions for and against globalization?


Me ;^)


>2. How do the Democrats and Republicans view globalization?


Republicans generally for, Democrats generally against.


>3. What's so repressive about the WTO?


It seeks to compel poor countries to extend the same privileges to
wealthy rent-seeking interests from rich countries as those interests
enjoy at home.


-----Are you saying that the poor countries remain poor? Someone
*must* benefit. If the poor countries remain poor, than I would think
that G has the effect of reducing costs in the richer country.
Moreover, it would displace some workers there to the poorer countries.
Ultimately, it makes for more efficient markets.


>4. Is NAFTA a success or failure?


Success in some ways (e.g., reduced unemployment), failure in others
(it was supposed to reduce the flow of economic migrants from Mexico
to the USA).

-----Very interesting point! Did the USA benefit (according to
wikipedia, the USA has benefitted) in your view? Did the Latin
American countries benefit? Who is against NAFTA?

Thanks for your enlightenment.

.

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