Tag: globalization

Friends, Enemies, and Frenemies

 

As I study the prospect of Joe Biden becoming President, I realize he will probably try to turn our national security on its head. Following the policies of Barack Obama, he will work to ingratiate himself to the rest of the world, following the theme of globalization. He has already stated his intention to re-enter the JCPOA.

But cozying up to the Iran regime isn’t the only danger we might anticipate. He’s signaled his intention of re-building a relationship with China—you know, the country who regularly stole intellectual property and indulged in a trade imbalance with us—until President Trump came on the scene.

Before Joe Biden takes the helm, it will be critical for our government to prioritize our international relationships. In politics, there are no friends for life, nor enemies for that matter. And some countries, for one reason or another, are on the fence, due to their choices or ours, about the kind of relationship they want to have with us.

Member Post

 

The coronavirus epidemic has led to much discussion of the fact that a globalized world can greatly facilitate the spread of such plagues; see for example Spiegel International, also Richard Fernandez. But a highly-connected world also enables the spread of many other kinds of bad things: political and religious terrorism and telephone-based scams, to name […]

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Oren Cass joins City Journal editor Brian Anderson to discuss his new book, The Once and Future Worker: A Vision for the Renewal of Work in America.

The American worker is in crisis. Wages have stagnated for more than a generation, and reliance on welfare programs has surged. Life expectancy is falling as substance abuse and obesity rates climb. Work and its future has become a central topic for City Journal: in 2017, the magazine published its special issue, The Shape of Work to Come.

Edward L. Glaeser joins Brian Anderson to discuss the great American domestic crisis of the twenty-first century: persistent joblessness, particularly among “prime-age” men. This 10 Blocks edition is the first based on City Journal’s special issue, The Shape of Work to Come.

In 1967, 95 percent of men between the ages of 25 and 54 worked. During the Great Recession, the share of jobless prime-age males rose above 20 percent. Today, even after years of economic recovery, more than 15 percent of prime-age men still aren’t working. Technological changes, globalization, the educational system, and government policy have all contributed to the problem. “To solve this crisis, we must educate, reform social services, empower entrepreneurs, and even subsidize employment,” argues Glaeser in his article, “The War on Work—and How to End It,” in the special issue of City Journal.

Hoover political scientists David Brady and Doug Rivers diagnose the Trump presidency’s health based on polling data and the state of antiglobalization populism on the eve of France’s presidential vote. Will European Union resentment, like many a would-be invader, fail to make it across the English Channel?

Yes, Free Trade Is a Good Thing – But That’s Not the Whole Story

 

twenty20_b294a9cb-581c-43e8-8235-f162b39ae802_china_market-e1458062734431Often missing — or underplayed — in the current debate about trade is what a one-off the China trade shock was. The most populous nation on earth, abundant with low-skill labor, suddenly coming online, to sustained negative effect in some US communities, is documented in “The China Shock: Learning from Labor Market Adjustment to Large Changes in Trade,” by David Autor, David Dorn, and Gordon Hanson.

While trade was always understood by economists to have trade-offs in theory, it hadn’t really worked out that way in the postwar era. There wasn’t much evidence trade hurt low-skill workers in the long-term, Autor notes in a must-listen EconTalk podcast with Russ Roberts. Much of the decline in manufacturing employment was driven by technology, not globalization. And trade was pretty much happening among advanced economies. High-skill workers competing with high-skill workers. Then came China.

Autor in the podcast:

Globalization and the Elite Chasm

 

I read with great interest David Frum’s piece on the Great Republican Revolt, Jon’s reply to it, and all of your comments. I’m very frustrated by my inability to find good polling data — as opposed to impressionistic and obviously partisan sketches — about who Trump’s supporters really are and what their political preferences really are. I don’t know whether it’s true, as Frum suggests, that there’s an important equivalence between between them European populist parties, as Frum believes:

You hear from people like them in many other democratic countries too. Across Europe, populist parties are delivering a message that combines defense of the welfare state with skepticism about immigration; that denounces the corruption of parliamentary democracy and also the risks of global capitalism. Some of these parties have a leftish flavor, like Italy’s Five Star Movement. Some are rooted to the right of center, like the U.K. Independence Party. Some descend from neofascists, like France’s National Front. Others trace their DNA to Communist parties, like Slovakia’s governing Direction–Social Democracy.

Member Post

 

Here’s one I didn’t see coming, from Ashley Edwardson at Allen West’s site:  In what might be seen as purely coincidence, a program called Connect All Schools (which quotes Obama’s 2009 Cairo speech on its website) was creating a consortium of like-minded organizations with the goal of “connecting every school in the U.S. with the world by […]

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Technology and Super-National Affiliation

 

In a recent essay, Henry Kissinger noted the potential of economic globalization to upset traditional paradigms of nationality and statehood.

The clash between the international economy and the political institutions that ostensibly govern it also weakens the sense of common purpose necessary for world order. The economic system has become global, while the political structure of the world remains based on the nation-state. Economic globalization, in its essence, ignores national frontiers. Foreign policy affirms them, even as it seeks to reconcile conflicting national aims or ideals of world order.

Globalization, Competition and My Wet Basement

 

In New England, a dehumidifier is pretty much a required appliance in spring and summer. That goes double in my neighborhood, which was built on swampland in the 1950s.

Last spring, I received a notice that my dehumidifier – U.S.-branded, but manufactured in China – was subject to a safety recall. Apparently there were some instances of similar units catching fire. By shipping back certain parts, I was entitled to a gift card and discount coupon towards a new one. Grumbling, I removed the parts, sent them back, and waited for my coupon. After it came, I shlepped out to the store, shopped for a new dehumidifier, and shlepped the new unit home.