This parts of the book aligned with the article were very interested, all connected to the idea of globalization and its consequences. In chapter 28, the author argues how countries are losing power of decision because of the global flow. Sometimes this States needs to focus in keep multinationals rather that keep citizens protections and prices. Tariffs and corporations' demands can shape countries economies more than their own politicians, and for me this is a enormous problem that gives us almost no hope of change in the international system.
In chapter 30, the subject continues, and now the author goes more to the consequences of this system, like lowering workers' rights to attract foreign investments. It show again how globalization has its good parts, but can be a bad actor for the populations that are vulnerable to it. In this chapter it is argued that more regulations and policies would make things more fair, which I totally agree and believe it's the way of make things better. Finally a chapter of hope, but now, the question is: what policies would be effective and accepted?
Finally, the NYT article about China presents a tentative of policies to use globalization as a good actor, like bringing commerce to a "nowhere". It can increases a State economy and transform their environment. However, in the same chapter we see that many human rights are still cause of concern in the region, even with economic advances. So, again, globalization can be powerful and amazing, but without requiring policies and regulations to protect humans, this economy growth can have big costs.
1 comment:
We can hope that more government regulation and intervention would make things more fair, but it can also do the exact opposite. The issue for me is that socialistic policies seem great, but to do that you put more power into the government versus more power to the people. So who would you rather be corrupt — people, or the government? And just like that suddenly capitalism doesn’t seem so bad. Oh, the horror..
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