Doug asks: what is the opposite of globalization? To my mind, the opposite of globalization is the autocentric economy, where (on the level of the economy as a whole, not for individual capitalists) wages are treated as a source of demand and most investment goods are purchased domestically. This economy's main sources of demand and prosperity are domestic in nature. (It should be noticed that the "autocentric" economy represents a collective good: individual capitalists usually prefer to cut wages, even though it might hurt aggregate demand. Thus, this type of economy is rare, depending on such conjunctural factors as barriers to globalization (like tariffs and capital controls) and Keynesian stabilization.) A globalized or dependent economy sees wages primarily as a cost, while investment goods are largely imported. Prosperity comes primarily from net export demand. I agree with Doug that a small country like New Zealand has a hard time being anything but globalized. What's happened is a change in the nature of that economy's globalization. This definition comes from Samir Amin and the dependency literature. in pen-l solidarity, Jim Devine [EMAIL PROTECTED] [EMAIL PROTECTED] Econ. Dept., Loyola Marymount Univ. 7900 Loyola Blvd., Los Angeles, CA 90045-8410 USA 310/338-2948 (daytime, during workweek); FAX: 310/338-1950 "Segui il tuo corso, e lascia dir le genti." (Go your own way and let people talk.) -- K. Marx, paraphrasing Dante A.
