Why Globalization Works - The Economist.pdf

Why Globalization Works by Martin Wolf Yale University Press © 2004 398 pages Focus Take-Aways Leadership & Mgt. • The anti-globalism movement is anti-liberty like communism and national socialism. Strategy • The value of the individual, and respect for the individual’s desire to better his or her Sales & Marketing economic circumstances, comprise the foundation of a successful democracy. Corporate Finance • Some who are opposed to globalism seek to protect vulnerable domestic markets, such as agriculture, and want to maintain jobs for domestic workers. Human Resources • Other opponents belong to single-issue interest groups, such as the Green movement. Technology & Production • Protestors fear the growth of international corporate power and underestimate the Small Business sovereign power of nations. Economics & Politics • They tend to resent the ongoing change and evolution of market economies. Industries & Regions • They believe Western democracies elevate greed as mankind’s prime motivator. Career Development • The attacks of September 11, 2001, can be viewed accurately as an assault on Personal Finance globalization that severely restricted international travel and commerce. Concepts & Trends • The notion that globalization has left more of the world’s citizens in extreme poverty results from ignorance or statistical manipulation. • The solution to helping the impoverished is greater globalization, not less.