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Technology Stocks : Applied Materials No-Politics Thread (AMAT)
AMAT 225.18-1.5%Nov 18 3:59 PM EST
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To: Sam Citron who wrote (10295)6/9/2004 12:46:11 PM
From: Cary Salsberg  Read Replies (2) of 25522
 
RE: "Could you cite some empirical evidence of a country where such policies have helped?"

I think I should be able to, but, usually, it is limited to specific industries and to countries that are not as integral to the world economy as the US.

RE: "...how do you prevent isolationism and protectionism from hurting our economy, and everyone in it..."

If you admit that globalization is hurting our economy, and not everyone, but a significant and growing percentage of people in it, then the problem is not "prevention" but choosing the lesser of two evils.

The free enterprise nature of our economy results in a fragmented response to globalization with benefit to some and detriment to others and no system to measure the balance and forecast the future effects.

I don't think specific measures that protect and isolate are as important as a wholistic view of the problematic impact of globalization and a plan to deal with current and worsening future effects on a national level with a unified approach. I will simplify. Does globalization increase the US economic pie? If the answer is yes, then the problem is redistribution of the pie because it is obvious that benefits are not close to being uniform. Distribution must help those hurt by globalization while shrinking the US pie as little as possible. If the answer is no, then alternatives that treat the whole economy better and distibute benefits more equitably must be considered without considering the well being of the rest of the world.
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