Globalization 2006: a review

Ah, globalization...

Form the Globalist’s 2006 globalization balance sheet, some of the most interesting statemets representing the US take on globalization (not feeling very confident it seems…):

1. No matter what you say, the population hates globalization, not just in the United States, but everywhere in the world.” (Jeffrey R. Immelt, Chairman of the Board and CEO of General Electric, January 2006)

2. Billed as the great equalizer between the rich and the poor, globalization has been anything but. An increasingly integrated global economy is facing the strains of widening income disparities — within countries and across countries.” (Stephen S. Roach, chief economist at Morgan Stanley, March 2006)

3. Globalization frequently imposes asymmetrical sacrifices. Benefits and costs affect different elements of society differently.” (Henry Kissinger, former U.S. Secretary of State, March 2006)

4. The Panglossian view of globalization — that it would automatically benefit all — has impeded the ability to address its failures.” (Joseph Stiglitz, Nobel Prize winner and economist, September 2006)

5. Every honest politician knows that support for globalization is fraying because of rising inequality at home.” (Sebastian Mallaby, Washington Post columnist, October 2006)

6. These are times of globalization. Competition is coming at the United States from different places around the world.” (U.S. President George W. Bush, May 2006)

Well, thanks George for such insightful clarity. Now, the rest of the world’s take on globalization (a little more confident than the Americans, it seems, but probably because they’re putting on a brave face…):

1. The next phase of globalization will most likely have an Asian face. Americans and Europeans will not find it comfortable.” (Philip Stephens, Financial Times columnist, March 2006)

2. Globalization has so far been a storm. The hurricane is yet to come. We have to prepare.” (Heinrich von Pierer, supervisory board chairman and former CEO of Siemens, March 2006)

3. Globalization has shifted the balance of power in the labor market in favor of companies.” (The Economist, February 2006)

4. This is an era of globalization, cross-border investment and liberalization — not one in which investors are judged by the color of their skin.” (Kamal Nath, India’s trade and industry minister, February 2006)

5. For all globalization’s benefits, all the talk of friendship, the Americans count their dividends at home, the British count theirs and we count ours, while the majority count their losses.” (Vladislav Surkov, deputy chief of staff at the Kremlin, July 2006)

6. A modern laptop often looks more like the collective work of a small United Nations than the manufacturing export of a single country.” (Denise Zheng, research assistant at the Progressive Policy Institute, July 2006)

7. The present, housing-led slowdown in the United States would once have written the script for the entire world economy. Today, self-sustaining growth in China and India may mean that the world economy is for the first time in a century decoupling from the forces of American determination.” (Jeremy Warner, columnist for The Independent, December 2006)

8. Totalitarian Islamic regimes are in a deep crisis. Globalization means that they’re exposed to considerable change, and they also fear the reformist forces developing among émigrés in the West. They’ll use threatening gestures against the West, and the success they achieve with their threats, to intimidate these people.” (Ayaan Hirsi Ali, former member of parliament in the Netherlands, February 2006)


One response to “Globalization 2006: a review

  1. Globalisation is an interesting topic considering how Africa has been led into copying the CULTURE of “enlightened” nations at at the same time loosing its coat knit of the richest material.This is evident when one goes to Africa’s most remote destinations and you will find the youth are coping the American hip-hop artists in everything from dressing to the ways their bend their tongues to try and sound American. The road does not end here it bends even up hill and you will the older generation copying what they see in movies, satelite television, magazines – name it. In this process they loose the very same fibre that was used by their elders to keep the African culture sacred and able to command respect.
    As the same wind is also blowing on the political landscape we will soon see an even much transformed generation of leadership on the continent who will talk the same language of war a George Bush. Has it not started to be seen in er er Somalia where the Ethipians are copying George Bush’s language in dealing with terrorists. Well its globalisation -the fire that will be difficult to control because it comes in doses with the ever innovative technologists always coming up with gadgets that will make the world smaller and smaller.

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