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Strategies & Market Trends : The coming US dollar crisis
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To: axial who wrote (25301)12/8/2009 12:46:47 AM
From: arun gera  Read Replies (1) of 71456
 
Trig,

Isn't human economic behaviour similar across national borders? Aren't there fundamental economic laws that transcend boundaries? Aren't state laws, jurisdictions analogous to national laws and jurisdictions? I am trying to say that the federalization of US economy across the states in America is similar in economic effect as globalization is across nation states (e.g wide differences in wages between New York and Omaha results in call centers moving to Omaha in 1990s). The debate on globalization tends to get colored by nationalistic loyalties, while the shifting of jobs within a nation are considered more rationally. For example, americans concede economic merit in credit cards backend processing being done in Dakotas rather than in New Jersey.

Therefore, it may be instructive to understand see if significant economic benefit has been provided to american citizens by the flexibility of moving jobs within US to most appropriate locations. Relating to one measure, did the ability of americans to afford goods increase by this free movement of jobs and goods within US? Or did the pendulum swing the other way?

-Arun

>Arun, please state the point behind your question. By definition, globalization is an international and transnational - not intranational - process.

Globalization within a nation's borders is an oxymoronic concept.>
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