Goodsounds;381159 Wrote: > To me, the word "globalization" is more a political term than a > financial one, and one usually with an intended negative connotation. > For those who use it, I've never quite understood what their concerns > are, what ills they seek to fix, and what alternatives are proposed. > Maybe you could explain for me. >
I don't mean it in a negative way particularly, the benefits of globalisation for many of the parties in the supply chain (not necessarily all of them mind you) are well documented. It is a a term which is often used in a quasi-political sense as well - there are lots of articles (media and academic) which say it has caused everything from the ills of certain developing countries to the spread of Al Qaeda. http://www.time.com/time/nation/article/0,8599,182746,00.html I very much had the financial markets in mind when I posted. Banks in general, and investment banks in particular, have actively pursued globalisation as a strategy. They are present in multiple jurisdicitions and have wide exposures across the majority of markets, which is different certainly from the 90s. Essentially, globalisation has created a situation of economic interdependence between countries that has not occured previously. I am not qualified to judge whether this is a good or bad thing in terms of getting out of where we are now. Also very much take your point about this being perhaps a new arena in some ways for the US, which has traditionally been much more independent from import/export risks, and therefore more self-sufficient in a recession, than the UK or Europe. -- Siduhe Who am I on 'LAST.FM' (http://www.last.fm/user/siduhe)? "-Siduhe Loved Tracks radio got the thumbs up. Feedback included: yeah, it's good... got the odd dodgy track tho...-" (c) 'ModelCitizen' (http://www.last.fm/user/Modelcitizen) ------------------------------------------------------------------------ Siduhe's Profile: http://forums.slimdevices.com/member.php?userid=723 View this thread: http://forums.slimdevices.com/showthread.php?t=57742 _______________________________________________ discuss mailing list [email protected] http://lists.slimdevices.com/lists/listinfo/discuss
