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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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