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Re: A fairer distribution of the benefits of globalization by Paul Riesz 01 April 2001 15:23 UTC |
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To Mark Douglas: You wrote: "You are forgetting when people specialize, they are in competition with other specialists for the same item in globalized contexts. These globalized contexts lead to a situation where the buyer sets the rules of the game almost entirely, while the sellers compete with each other. Thus, instead of considering globalization an 'different' opening and a competitive context, consider that it is a closing, a consolidating context that demotes geographic representation of populations (called democracy)--with a high degree of debt severance holding the trade lines of specialization together" What YOU seem to forget, is the fact, that trade is a 2 way street and that BOTH sides have to compete for their markets. Under my proposals, if the US threaten to channel their purchases of copper wire to Papua New Guinea or their purchases of wine to Argentina in order to force Chile to reduce its prices of these products in which it has good comparative advantages, Chile can retaliate, threatening to buy its cars or computers from South Corea, Taiwan, China or Russia, who can also buy, what Chile produces. Therefore BOTH sides would have good reasons for keeping prices at a reasonable level. Regards Paul
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