From Globalisation to "Deglobalisation"
Gideon Rachman, Financial Times | February 3, 2009
To date, the world has known globalization. ++ But the financial crisis has spurred talks on the new trend of deglobalization: shifting focus from the international level to the domestic one. ++ This does not seem to concern the Davos participants: globalization was reaffirmed and it was argued that the benefits of free market economics will always trump calls for protectionism. ++ While in theory globalization conquers all, political realities may well force globalization junkies to prioritize the needs and demands of domestic voters.
Tags: | domestic market |
World Economic Forum |
deglobalization |
globalization |
Davos |
WEF |
financial crisis |
Economic crisis |
Tue, Feb 3rd 2009, 13:18
Member deleted
Now does the shop keeper down the shutters or do the theives make the shop redundant? Between the talks of 'globalization' and 'de-globalization' and those who feel the pinch of thievery - in the global village. Well, common sense would suggest the obvious and that is what the German Chancellor Merkel has proposed - for an Economic Security Council. Now, obviously there is a huge difference between thieves and lotus-eaters and even the higly educated notions of those professing 'anarchy' via the notion of negative freedom ( as erudite terms go and that contribute towards much of confusion and actually do often help the thieves wear 'erudite coats', if not give the poor lotus-eater a bad name!). Again, there is also the problem of which school the vilalge-children go to. Swedish neighbourhood (district) schools and village schools in Pakistan and/or India are slightly different - even if only appearances would have mattered. We all know how they do not. So, once again we are back to the German Chancellor Merkel's proposal. We can not wish away the global village. However, about wishing away the village shop - well?