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Archive for 26. Dezember 2016

How to Cure the Globalization Backlash

Posted by hkarner - 26. Dezember 2016

Date: 23-12-2016
Source: Forbes

Those who fear globalization are often dismissed as bigots, but anxiety over security and jobs is another factor, explains author and professor Harold Sirkin for Forbes. Many in the developed world have lost confidence. “Unfortunately, too many people in the industrialized West have too much idle time on their hands – and not by choice,” he explains and that compounds the anger and fear. “People who feel secure in their jobs are more likely to spend their spare time (and spare change) on activities such as fishing and shopping, ballgames and beach outings, nights at the movies and dining out at restaurants, than thinking about globalization and immigration.” Education, training, jobs and productivity contribute to individual confidence and industry competitiveness. – YaleGlobal

Anxiety about jobs, underemployment combined with some people with too much free time may have fueled the anti-globalization movement and populism

Harold Sirkin

Many thought leaders in the United States and Europe are trying to come to grips with the globalization backlash taking place on both sides of the Atlantic.

While I don’t share the views of the de-globalization crowd, I think it’s important to understand their thinking—and not dismiss them out of hand as racists, religious bigots, and xenophobes, as some have done.

While xenophobia and other fears may be factors—speaking in the present tense, because the backlash has hardly ebbed—concerns over family safety and job security appear to be a much higher priority.

Unfortunately, too many people in the industrialized West have too much idle time on their hands—and not by choice.

European factories aren’t operating at or near capacity, hundreds of thousands of IT jobs have been lost in recent years and the European Union’s average unemployment rate is nearing 10% (and trending much higher than that in countries like Greece and Spain). Den Rest des Beitrags lesen »

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