Will Globalization be a Victim of Imploding Economies?

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  David Hunkins10/29/08 Report as spam
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  RE: Will Globalization be a Victim of Imploding Economies?

  Focus...Focus..then Globalization is a friend
  
  Grass Roots starting at the Bottom and moving up is the way to start repairing our ECONOMY.
  So called Stimulus money will not help the economy. Just any new job will not help the economy.
  Most money being spent and most jobs that are in our Economy are dealing with OVERHEAD COSTS in our Economic Model in this country.
  
  All of the suggested action areas to start improving our economy are fundamentally dealing two interdependent prime elements that drive our economy health.
  1) Reducing our overhead costs at all levels starting with every individual.
  2) Focusing on Products and Services that are competitive in the world market to sell as Exports as well as using them here in this country. All other Products and Services are a form on either necessary OVERHEAD or excessive OVERHEAD and both will negatively impact our Global Competitiveness.
  
  Here are practical elements of CHANGE required by each individual to bring about immediate results. These CHANGES will stimulate more lasting improvement features to our Economy.
  1) PURCHASE what you most basically need and save money as much as possible to reduce your personal debt and allow assisting in our National Debt. This step will slowly minimize our Import appetite and our Country???s excessive OVERHEAD economic element.
  2) BUY AMERICAN even if it costs a little more to start with. If there are large differences, then continue to buy the needed IMPORT. Buy quality to maximize the life of a product and minimize the buying/selling activity.
  3) RETRAIN/TRAIN displaced workers who were in excessive overhead elements of our society and concentrate the effort on global competitive EXPORTABLE PRODUCTS and SERVICES. If these Products and Services are global competitive, then our society will use them.
  4) EDUCATE the adult public and the children the fundamentals of a healthy economic society. It is obvious that the vast majority of people do not have a clue about the Import/Export balance or the true impact of our society and personal excesses in OVERHEAD on our Global competitiveness.
  5) Strive to provide accountability of these economic conditions on each Community that is a legal entity such as villages, cities, counties, states and country to determine the health of these interlocking elements that make up the USA Economic Health.

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  voyer10/29/08 Report as spam
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  RE: Will Globalization be a Victim of Imploding Economies?

  Globalization is a good thing, if it's allowed to let countries do what they do best. Trying to insulate against food price upticks that occurred because governments distorted the markets is a bad idea. Put boundaries around the system and then let it run.

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  gonca.telli@...10/29/08 Report as spam
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  RE: Will Globalization be a Victim of Imploding Economies?

  I like Dani Rodrik's "what kind of globalization we want, what kind of institutions come with it and how can we reinvent our global economic arrangements. Because they do need reinvention" words.
  Not only ask these questions to the US citizens & leaders and look for US trends but also we should look through the other countries citizens, leaders and their trends. If we look true globalization. If we want global management it is different.

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  commflyer10/30/08 Report as spam
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  RE: Will Globalization be a Victim of Imploding Economies?

  Yes. Globalization is already being affected by the economic downturn and is accelerating due to the credit squeeze. The multilateral freedoms financial institutions had will be eroded as regulations are revised to curb this event from having such a widespread affect again.
  
  Global finance will have to be regulated so that the span of their affect is reduced. This may take the form of country/border reach. If the financial institution must finance a project or loan in another country, then the financer may have to secure financing in the other country by a separate firm under stricter rules. That way, if the lender was having problems with capital, the underwriter in the other country would be less affected by the first country's economic downturn.
  
  Of course, the alternative is to go to one currency and one bank with much stricter rules overarching all finance activity.