Rethink Globalization
Is progress really inevitable? Whose progress is it anyway?
Is Globalization the way to go: or is it a TINA( there is no alternative) perspective?!
Monday, January 15, 2007
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Courtesy: Ketna Patel: Samskara (ketnapatel.com)
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2 comments:
Thanks for the comment. Nice blog.
I found this in a Q&A with Jagdish Bhagwati in this blog, and thought it brings some kind of clarity to discussions on globalisation.
Bhagwati says:
"Globalization may be cultural in origin, arising from watching foreign films and sending students abroad, for instance. But much of the debate today is about economic globalization and its economic and social consequences. Again, economic globalization is too aggregate a concept. For clarity, we need to remember that economic globalization, defined as increased integration of the national into the international economy, has at least five distinct aspects: trade, direct foreign investment (or what is sometimes simply called “multinationals”), short-term capita flows (which were at the heart of the Asian financial crisis in the 1990’s), international flows of humanity, and technology transfer (which includes the problem of patents and generics which has central importance for the poor countries). So, when you see polls that say a majority of our respondents think globalization is good or bad, just dismiss the results (unless, of course, they support your views, I often add mischievously) as nonsense: you have no idea which of these components of globalization the respondents have in mind."
Thanks Ram!
That helps, will keep that in mind for the follow-up article/blog on counter-globalization.
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