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The case for Globalization.


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coolcreep



Joined: 18 Feb 2006
Posts: 588

PostPosted: Wed Jan 21, 2009 8:48 pm    Post subject: The case for Globalization. Reply with quote

Thanks to globalization, people’s inherent self-interest has motivated the world to work together. By expanding free trade, globalization has lifted the world to new levels of wealth. Because of deeply integrated economies, countries are less likely to go to war. Lastly, thanks to sweatshops, otherwise destitute nations gain the capital investment they need to grow their economies. Globalization is an overwhelming force of good in the world.

More and more, free trade is becoming common among countries, whether neighbours or not. From NAFTA to the free trade zones in China, it is demonstrable that these trade agreements have increased GDP, lowered unemployment, and led to lower prices for consumers. For example, in the USA, after NAFTA was signed and ratified, unemployment went down from 6.5% in December of 1993 to 4.4% in December of 1998, 5 years later, and unemployment rates, after dropping below 6%, did not go back above 6% for over 14 years, even through the bursting of the dot-com bubble. Even now, in the face of a massive economic crisis, unemployment is still lower than it was in the last spike before NAFTA was signed, which took place in the early 80s and saw unemployment reach 10.8%. This correlation is explained as a cause-effect relationship by the theory of comparative advantage, created by David Ricardo. According to the theory, even if the economic powerhouse, the USA, can produce absolutely everything more efficiently than Mexico, both countries will still benefit from free trade, because the USA can specialize at what it produces most efficiently, while Mexico focuses on what it produces most efficiently. Then, both countries trade, leading to both industries getting more customers, and customers getting cheaper goods. This is precisely what happened, as both countries benefited. Mexico’s benefit can be seen in its GDP, which grew by an average of 5.1% annually from 1995 to 2000. Another country that has also benefited from free trade is China. As seen in China in the Red and Commanding Heights, China has recently gone through massive overhauls to its economic system, including the creation of Special Economic Zones. The economic output of these zones, which have far less constrictive trade policies, has driven up the GDP of China rapidly, with the GDP in 2005 over 5 times what it was in 1992, when the Shanghai Special Economic Zone was created. This overwhelming economic growth shows the power of free trade; In just over a decade, it went from being just another developing country to being the second largest economy in the world in terms of purchasing power parity. This should come as no surprise, however, considering the policies they adopted. It is quite clear that with free trade is a boon for developed and developing countries, as with it comes higher GDP and lower unemployment. Globalization is the force that is pushing for freer and freer trade, to the benefit of all those who participate.

In 1930s Germany, the economy was struggling, and people were upset. Germany had been disrespected and mistreated by the world in the Treaty of Versailles, and it was on the back of that unrest that Hitler rose to power, oftentimes tearing up copies of the treaty at his rallies. Hitler managed to stir the unrest to the point where he convinced his nation to go to war with the world. Today, in the face of similar economic conditions, world leaders are not tearing up NAFTA, they are not setting the paperwork creating Special Economic Zones on fire, they are meeting together to discuss how their joint economies should work together to solve the crisis. The United States does not need troops in the Canadian tar sands, Britain does not need to raid Chinese steel factories. All of this is true because of Globalization. China is more than willing to sell its steel, as Canada is more than willing to sell its oil. The United States has become reliant on the Canadian economy, and visa versa. China, if it no longer had anyone to export to, would see massive drops in their economy, as exports make up almost 40% of their total GDP. On the other hand, the USA owes a lot of money to China, and therefore does not want China to pull that money out of the US economy. Both of these two powerhouses therefore have enormous incentive to keep all international dealings peaceable, reducing the likelihood of a major war breaking out dramatically. If there was no trade, if there was no globalization, war would be an entirely profitable endeavour. The relatively peaceful state of the world when compared to history is thanks in large part to globalization.

The argument that globalization is bad for the poor of the world has no basis in reality. For example, sweatshops are often pointed to as an example of globalization’s negative consequences. In fact, sweatshops are enormously beneficial both to the countries where they exist, as well as those who work in them. Comparing the lifestyle of the average first-world citizen to the average sweatshop worker is not useful, because that is not the alternative. The alternative is being an average third-world citizen, who has things much worse. Take, for example, the difference between a Masai living in Kenya, and a sweatshop worker living in Indonesia. The average Masai lives in a hut made of dung with their animals, the houses filling with smoke from the fires because there is no chimney, and makes less than one US dollar a day, leading to a malnutrition rate of over 30%. The sweatshop worker in Indonesia, on the other hand, makes around $175 a month. While he certainly does not have the same quality of life as those who own the sweatshop where he works, he most certainly does have a better quality of life than if that sweatshop, which complies with all International Labour Organization standards, did not exist at all. Not only that, but sweatshops bring the machinery and investment needed to push a country from developing to developed. Without globalization, this enormous boon to developing nations simply would not exist. China again provides an excellent example of this. When China opened its Special Economic Zones, many of the jobs that flooded into those zones were of the sweatshop variety, comparable to those currently in other countries. It was these jobs that helped create the massive increase in China’s GDP previously discussed. When multinational corporations have incentive to invest in third-world economies, everyone benefits. The people in the third world who previously had no way to be productive get good jobs, the corporation makes money, and the corporation’s customers get cheaper goods. Globalization brings money and investment to developing nations, helping their citizens and economies.

Globalization helps the entire world immensely. Through the expansion of free trade, countries can increase their GDP and decrease their unemployment. Due to integrated economies, war on a large scale is far less likely. Lastly, globalization provides incentive for corporations to invest in developing countries, helping their citizens and economies. If governments truly want to spread wealth, the best thing they can possibly do is step back and let globalization run its course.




Constructive feedback and civil debate appreciated!
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center
Level 1 Judge


Joined: 06 May 2006
Posts: 440

PostPosted: Wed Jan 21, 2009 10:52 pm    Post subject: Reply with quote

Obv you want to run leyline of the void to fight Mogg Fanatics, so you should add those to your sideboard.

Also, I kinda think this strat maybe underpowered and you may just want to try Mono Red Storm instead.


Good luck at the Gp!
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Craze



Joined: 30 Jan 2005
Posts: 5676
Location: Indiana, U

PostPosted: Wed Jan 21, 2009 11:10 pm    Post subject: Reply with quote

center wrote:
Obv you want to run leyline of the void to fight Mogg Fanatics, so you should add those to your sideboard.

Also, I kinda think this strat maybe underpowered and you may just want to try Mono Red Storm instead.


Good luck at the Gp!


yeah umm... joke or wrong thread?

coolcreep wrote:

Constructive feedback and civil debate appreciated!


I'll be immensely surprised if you don't get at least one conspiracy nut preaching something among the lines of Globalization = potential world domination.

But the problem I have with it is that as long as our economies are so immensely it allows individual big business to gain large scale power over a large number of countries. And when those businesses do something stupid, well the all the interlinked countries as a whole suffer immensely. The example being our current global economic crises. And yes I know that the government is largely responsible for it, but bad management/decisions in global business is also to blame.

With that being said the idea of true globalization, or 1 global country is currently unrealistic imo.
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jakeywakey



Joined: 17 May 2007
Posts: 40

PostPosted: Thu Jan 22, 2009 12:44 am    Post subject: Reply with quote

i didnt want to read all that mess, but just google zeitgeist and watch the movies, at the end you will be twice as smart as you were before.
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Craze



Joined: 30 Jan 2005
Posts: 5676
Location: Indiana, U

PostPosted: Thu Jan 22, 2009 1:31 am    Post subject: Reply with quote

jakeywakey wrote:
i didnt want to read all that mess, but just google zeitgeist and watch the movies, at the end you will be twice as smart as you were before.


Except the fact that that movie is a retarded conspiracy theory video that is so ridiculous that I wanna slap you for even mentioning it.
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Pollocr



Joined: 17 Aug 2008
Posts: 2

PostPosted: Thu Jan 22, 2009 2:37 am    Post subject: Reply with quote

Although i feel that all the points you´re making are true, My problem with the free-trade zones the U.S. has tried to create so far, is that they dont take into account externlities. And while the net economic gain from such specialization and trade is positive, where do we draw the line of sustainable development? The U.S. has refused to sign the Kyoto accord thus far, and past a certain level of cosumption, we are effectively condeming the world.
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Thursdayisgo



Joined: 27 Feb 2005
Posts: 4

PostPosted: Thu Jan 22, 2009 8:14 am    Post subject: Reply with quote

Haha someone's introduction to international economics class doesn't require Stiglitz under required reading.

OP: I'm glad you are taking an interest in economics, and specifically international economics. Most colleges have a liberal slant on things and wont preach the other side. While I too agree that globalization is great, you should look into the counter-arguements made by Stiglitz in his "Globalization and its Discontents" or his newer one that I don't know the name of. He is a well respected Nobel Laureat that has a lot of interesting things to say about anti-globalization that you wont hear in college classrooms.

Pollocr: Signing Kyoto is dumb for the U.S. and for the rest of the world...

Every European country has broken Kyoto protocol requirements, Germany pollution has actually gotten WORSE since signing Kyoto. So who is more wrong: the countries who break their promise, or the country that doesn't make a promise it know it can fulfill?

Furthermore, U.S. is different than the EU, our GDP is collectively 1/3 of entire world GDP (See Angus Maddison 2003 panel data ) we cannot be treated as a normal European country considering our GDP is comparable to the collective EU GDP, maybe if we put the Kyoto constraints on our States not out Country we could manage it, but until then we are too urbanized.

Second Point: Externalities
I didn't read all of the OP's rant but I imagine he mentioned the Ricardian Comparative Advantage Models, international trasactions are differenet then domestic ones, we see absolute gains at the international stages by exchanging comparative goods, while domestically we see relative gains since there are opportunity costs (other consumers and suppliers) levied against our GDP.

So the only externality we see in this market is opportunity costs (going to a different transactor), atleast until you start naming the widgets that are being exchanged.

As far as Sustainable Development, we can observe the convergence theory made by early Solow models and say that development is sustainable because of its convergence to its wealthy trading partners. We can also observe the difference between American and Chinese growth models and say that the American model can be subjected to the pitfalls of Chicago boys applying shock therapy (See Milton Freidman's work and Naomi Klein's responses) or the Chinese models of development that are pretty much opposite so if you're a Naomi Klein enthusiast you'll like the Chinese versions.
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Jacois



Joined: 05 Sep 2004
Posts: 1201

PostPosted: Thu Jan 22, 2009 10:59 am    Post subject: Reply with quote

jakeywakey wrote:
i didnt want to read all that mess, but just google zeitgeist and watch the movies, at the end you will be twice as smart as you were before.


I'd say twice as aware, but yeah. Zeitgeist is great.
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Sihk



Joined: 20 Jan 2009
Posts: 25

PostPosted: Thu Jan 22, 2009 10:59 am    Post subject: Reply with quote

This entire debate is based on something intangible and non-existing: value, wealth, and money.
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Thursdayisgo



Joined: 27 Feb 2005
Posts: 4

PostPosted: Thu Jan 22, 2009 12:41 pm    Post subject: Reply with quote

Fun fact:

Zeitgeist means time theif in German.
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jakeywakey



Joined: 17 May 2007
Posts: 40

PostPosted: Thu Jan 22, 2009 1:34 pm    Post subject: Reply with quote

Craze wrote:
jakeywakey wrote:
i didnt want to read all that mess, but just google zeitgeist and watch the movies, at the end you will be twice as smart as you were before.


Except the fact that that movie is a retarded conspiracy theory video that is so ridiculous that I wanna slap you for even mentioning it.


lol i didnt say beleive everything in it, i said watch it. everything it states about the economy is dead on accurate. plus i think it unlocks a part of the brain taht most people dont use on a day to day basis.
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SuperDelfin



Joined: 24 Sep 2008
Posts: 24

PostPosted: Thu Jan 22, 2009 5:59 pm    Post subject: Reply with quote

In a true free market with minimal government intervention in business it would be impossible for any one business to dominate a marketplace
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Craze



Joined: 30 Jan 2005
Posts: 5676
Location: Indiana, U

PostPosted: Thu Jan 22, 2009 6:16 pm    Post subject: Reply with quote

jakeywakey wrote:
Craze wrote:
jakeywakey wrote:
i didnt want to read all that mess, but just google zeitgeist and watch the movies, at the end you will be twice as smart as you were before.


Except the fact that that movie is a retarded conspiracy theory video that is so ridiculous that I wanna slap you for even mentioning it.


lol i didnt say beleive everything in it, i said watch it. everything it states about the economy is dead on accurate. plus i think it unlocks a part of the brain taht most people dont use on a day to day basis.


it says the banks are trying attempting world domination and are responsible for the Great Depression, 9/11, and the war in Iraq.
It makes me people stupider to watch that shit, and everything it said on the economy(aka "the banks are evil") is crazy as fuck.
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ChuckNorris



Joined: 13 Dec 2005
Posts: 146

PostPosted: Thu Jan 22, 2009 8:39 pm    Post subject: Reply with quote

Imperialism, the Highest Stage of Capitalism.

V.I. Lenin

http://www.marxists.org/archive/lenin/works/1916/imp-hsc/index.htm

No War But Class War!
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SuperDelfin



Joined: 24 Sep 2008
Posts: 24

PostPosted: Thu Jan 22, 2009 9:16 pm    Post subject: Reply with quote

Communist Propoganda. We all see how well Russia did under socialism.
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