Read two articles on the benefits and pains of globalization.
One article in the Wall Street Journal about how Alan Blinder, a former vice chairman for the Federal Reserve Board, was commenting on some of the downsides of free trade. He was big proponent of free trade, but has recently changed his tune on the matter saying that there are real short term risks. One of those is the loss of certain types of jobs. At the top of the list are (of course) computer programmers. Good list of jobs to avoid I suppose.
On the flip side of this article, I read another article in Forbes entitled "Why Globalization is Good". This one seems to focus more on why globalization is good for other countries though. Some examples
One article in the Wall Street Journal about how Alan Blinder, a former vice chairman for the Federal Reserve Board, was commenting on some of the downsides of free trade. He was big proponent of free trade, but has recently changed his tune on the matter saying that there are real short term risks. One of those is the loss of certain types of jobs. At the top of the list are (of course) computer programmers. Good list of jobs to avoid I suppose.
On the flip side of this article, I read another article in Forbes entitled "Why Globalization is Good". This one seems to focus more on why globalization is good for other countries though. Some examples
- In the 1990s, as Vietnam's economy grew 6% a year, the number of people living in poverty (42 million) fell 7% annually
- In Uganda, when GDP growth passed 3%, the number fell 6% per year, says the World Bank.
- Per-person income in China has climbed from $16 a year in 1978 to $2,000 now. Wages in factory boomtowns in southern China can run $4 a day--scandalously low in the eyes of the protesters, yet up from pennies a day a generation ago and far ahead of increases in living costs.
- 77% of Indians live on $2 a day or less, the Asian Development Bank says, down only nine percentage points from 1990.
- A third of the population is illiterate.
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