Globalisation is the expansion of many businesses into markets throughout the world, marked by an increase in international investment, the proliferation of large multinational corporations, worldwide economic integration, etc.
Globalisation is a way to describe cross - border relations; it describes the growth in the connectivity and the interdependence and international exchange of the world's markets and businesses.
It refers to the process of removing government imposed restrictions of movements between countries in order to create an open business world economy.
Also social structures of modernity are spread the world over, normally destroying pre - existent cultures and social self determination in the process.
The increasing world-wide integration of markets for goods, services and capital.
The greater integration between individual economies in the hope for the formation of a single economic unit through trade, foreign direct investment, migration and the spread of tecnology without barriers to any forms of trade.
The process in which various countries and cultures from around the World become more closely intertwined. this is partkly due to the development of information and communications technology e.g. computerisation of the financial markets and communication systems.
The result of politicians attempts to to breakdown boarders of hampering trade to increase prosperity, interdependence , exports and decrese the chances of a future war.
1 comment:
Globalization and Free Trade are failures and have been for years.
Nations find they must protect their interests across the globe in a new kind of Colonialism.
Let's trace the background of these failures.
The 1930 Smoot Hawley trade act is blamed for everything. The Globalist Free Trader use it as an example of causing the Great Depression.
Smoot Hawley never caused much of anything.
The Great Depression was about a money crisis and not a trade crisis. The stock market crashed in 1929. That was a money crisis. Smooth Hawley was passed in 1930. It never really took effect because of the scarcity of money.
In 1932, Roosevelt became President.
In 1934, a new trade agreement was passed where Roosevelt had the
option of cutting out or raising tariffs. Again it did not mean much
because money was scarce. And note we are talking only about a two year period in history of so called protectionism causing the Great Depression. Compare that to about 20 years of free trade failures. Hurricane Katrina in New Orleans exposed a vast underclass living in a silent depression in the USA that still goes unreported.
In the mid and latter years in the 1930s, the winds of war came and President Roosevelt enacted the Lend Lease Act which in effect used the value of workers and labor to create the most awesome industrial power the world has ever known. Roosevelt said he was not going to let the dollar sign stand in his way. He literally sent goods to the allies without any real stipulation for payment. His statement about the dollar sign, by itself proves it was all about money and not about trade.
The Marshall Plan followed and helped restore the local value added economies in Europe and Asia.
All of this proves that only local value added economies work.
Confirming this, Fed Chairman Bernanke told Congress about a year ago that the best way to stimulate the U.S. economy is to buy "domestically produced goods". This is the core of our economic crisis. The value of workers and labor have been radically discounted and this value acted
as a money standard. Globalist free traders tend to forget that consumers are workers too. Consumers first have to get a decent paycheck before they can support any economy including a global one. The Trade Deficit also proves that any nation can not buy more than it sells.
Making money on money economies instead of making things are burning out. The value of workers and labor has to be restored to its proper place. Only local value added economies work in balanced geopolitical settings will do this.
Free Trade is not trade anyway. It is primarily about moving production from place to place for the sake of cheaper labor. With each move, a burn out community is left behind worst off than ever.
See http://www.bizarrepolitics.com/free-traders-protectionism-myths
http://www.bizarrepolitics.com/ben-says-buy-usa
http://tapsearchnewsmobile.filetap.com
http://tapsearch.com/flatworld for more resources
31 January 2009 00:34
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