Föhrenbergkreis Finanzwirtschaft

Unkonventionelle Lösungen für eine zukunftsfähige Gesellschaft

Posts Tagged ‘Globalization’

The Future of the Global Economy

Posted by hkarner - 12. September 2017

September 10, 2017

– Benjamin Disraeli, prime minister of England, novelist

In any bureaucracy, the people devoted to the benefit of the bureaucracy itself always get in control, and those dedicated to the goals the bureaucracy is supposed to accomplish have less and less influence, and sometimes are eliminated entirely…. In any bureaucratic organization there will be two kinds of people: those who work to further the actual goals of the organization, and those who work for the organization itself. Examples in education would be teachers who work and sacrifice to teach children, vs. union representatives who work to protect any teacher including the most incompetent. The Iron Law states that in all cases, the second type of person will always gain control of the organization, and will always write the rules under which the organization functions. [Pournelle’s law of Bureaucracy]

– Jerry Pournelle, prolific science-fiction writer, August 7, 1933 – September 8, 2017 Den Rest des Beitrags lesen »

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Financial Globalization 2.0

Posted by hkarner - 6. September 2017

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Why Globalization Stalled, And How to Restart It

Posted by hkarner - 1. September 2017

Date: 31-08-2017
Source: Foreign Affairs by Fred Hu and Michael Spence

For many decades after World War II, a broad range of countries shared a fundamental economic vision. They endorsed an
increasingly open system for trade in goods and services, supported by international institutions; allowed capital, orporations, and, to a lesser extent, people to flow freely across borders; and encouraged the rapid spread of data and  echnology. As trade expanded, global living standards improved dramatically, and hundreds of millions of people escaped from poverty.

Today, every aspect of this globalized economy is under assault. A popular backlash against free trade and unrestricted cross-border movements of capital has picked up momentum. The ideal of freely flowing information has clashed with growing calls for privacy rights, the protection of intellectual property, and increased cybersecurity. Across the developed world, sentiments have turned strongly against immigration, especially as waves of Middle Eastern refugees have
flooded Europe.
And after several successful rounds of multilateral trade negotiations in the postwar years, new agreements have become much rarer: the World Trade Organization (wto) has not completed a single full round of successful negotiations since its creation in 1995. Den Rest des Beitrags lesen »

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The Guardian of the Liberal World Order

Posted by hkarner - 20. August 2017

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The New Socialism of Fools

Posted by hkarner - 8. August 2017

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Only Radical Thinking and Action Can Tame Globalization

Posted by hkarner - 7. Juli 2017

Date: 06-07-2017
Source: SPIEGEL

The G-20 in an Unjust World

In Hamburg this week, thousands are preparing to launch protests against the exploitation of labor, the degredation of the environment and the extremes of capitalism. To solve the world’s problems, a radically new approach is necessary.

Can Our World Be Fixed?

There are injustices that have become so familiar that few are even bothered by them anymore. A brief reminder: Every 10 seconds, a child dies of starvation somewhere in the world, despite there being enough food on the planet to feed between 10 and 12 billion people — and the global population is just 7.5 billion. Almost 800 million people in the world live in extreme poverty, despite there being more money in the world than ever before. Fully 81 percent of the energy produced in the world is the product of burning fossil fuels, even though this practice warms the climate and alternatives such as wind and solar are available.

When G-20 leaders gather in Hamburg later this week, they will have an opportunity to at least mitigate some of the most blatant contradictions facing our world. After all, they are largely responsible for the existence of such contradictions in the first place. Den Rest des Beitrags lesen »

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A grim diagnosis for Western politics

Posted by hkarner - 24. Juni 2017

Date: 22-06-2017
Source: The Economist

Edward Luce believes that the liberal order cannot be fixed without a clear view of what has gone wrong

The Retreat of Western Liberalism. By Edward Luce. Grove Atlantic; 234 pages; $24. Little Brown; £16.99.

FEW doubt that something big happened in Western politics during the past 12 months but nobody is sure what. Turmoil in Washington and London contrasts with centrist stability in Paris and Berlin. Edward Luce, a commentator for the Financial Times in Washington, is well placed to observe the shifts and shocks. “The Retreat of Western Liberalism” offers a brisk, timely survey.

“Fusion”, the longest of just four chapters, describes the successes of economic globalisation, but also the costs borne by the less well-off in rich countries, notably Britain, America and France. Next, “Reaction” attributes the recent “degeneration” of Western politics to slowing economic growth and to the rich taking an undue share of what little growth there is. Den Rest des Beitrags lesen »

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Why Globalization Stalled: And How to Restart It

Posted by hkarner - 15. Juni 2017

Date: 14-06-2017
Source: Foreign Affairs

For many decades after World War II, a broad range of countries shared a fundamental economic vision. They endorsed an increasingly open system for trade in goods and services, supported by international institutions; allowed capital, corporations, and, to a lesser extent, people to flow freely across borders; and encouraged the rapid spread of data and technology. As trade expanded, global living standards improved dramatically, and hundreds of millions of people escaped from poverty.

Today, every aspect of this globalized economy is under assault. A popular backlash against free trade and unrestricted cross-border movements of capital has picked up momentum. The ideal of freely flowing information has clashed with growing calls for privacy rights, the protection of intellectual property, and increased cybersecurity. Across the developed world, sentiments have turned strongly against immigration, especially as waves of Middle Eastern refugees have flooded Europe. And after several successful rounds of multilateral trade negotiations in the postwar years, new agreements have become much rarer: the World Trade Organization (WTO) has not completed a single full round of successful negotiations since its creation in 1995. Den Rest des Beitrags lesen »

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Now, Globalization With Chinese Characteristics

Posted by hkarner - 8. Juni 2017

Date: 07-06-2017
Source: YaleGlobal

Since 2009, when author Wenshan Jia coined the term “Chiglobalization,” China has continued to embrace globalization. China’s leaders have forged ahead with new connections in ways that outpace the rhetoric and globalization endeavors of Europe, the United Kingdom and the United States. “China’s initial effort to exercise global influence is subsequently solidified by the recent exponential growth of her outbound economic clout,” explains Jia, a professor of communication theory, referring to exports and foreign direct investment combined with grassroots connections through education and business. Cross-border interdependence and mutual influences have inspired terms like “Chimerica” and “Chinafornia.” Concerns over trade imbalances and jobs have prompted Donald Trump’s America First policies, which may hurt US soft-power endeavors and speed Chiglobalization. China’s advances in many areas place the country on a path for global leadership. Rather than pursue military connections with bases around the globe, China’s strategy depends on connections, infrastructure development, modernization for developing nations and a larger role in global governance. China once resisted globalization, but now defies containment. –

China defies containment and pursues globalization with strategy of connections, infrastructure development and modernization of developing nations
Wenshan Jia
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The Renewal of Europe’s Center?

Posted by hkarner - 6. Juni 2017

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