Globalization?s Surprises


| January 20, 2003


Despite mounting evidence of the failure of laissezfaire globalization, the ideologues of the ?WashingtonConsensus? still cry ?TINA? (There Is NoAlternative). In a recent column, economist Hazel Hendersonpoints out a litany of globalization?s surprising karmiceffects.

?The global economy was always a power game,? shewrites, ?and currencies are becoming the weapons ofchoice.? With the dollar overvalued by 15-25 percent (andgetting weaker by the day) and the United States running upincreasingly large trade deficits, more and more foreigncountries and investors are turning to the euro and the SwissFranc. And China, poised to become the next global superpower, isscheduled to make its yuan convertible later this year,which will likely weaken the dollar?s position evenfurther.

But it?s the United State?s continued insistenceon playing Globo-Cop that is hurting us the most, says Henderson:?Revulsion against all weapons of mass destruction, as wellas land mines and small arms are producing a global backlash. . .. Even pro-business advocate Jeffrey Garten, Dean of YaleUniversity business school, in The Politics of Fortune urges U.S.CEOs to criticize Bush?s unilateralist policies forimperiling global stability.

?9/11,? she continues, ?showed that the 21stcentury is the age of ?asymmetric? weapons ?where computer hackers, money-launderers, assorted terroristsgangs, and even currency traders and OPEC now hold a new balanceof power.?

-Leif Utne

Go there>>http://www.hazelhenderson.com/globalisation's_surprise.htm






Pay Now Save $5!

Utne Summer 2016Want to gain a fresh perspective? Read stories that matter? Feel optimistic about the future? It's all here! Utne Reader offers provocative writing from diverse perspectives, insightful analysis of art and media, down-to-earth news and in-depth coverage of eye-opening issues that affect your life.

Save Even More Money By Paying NOW!

Pay now with a credit card and take advantage of our earth-friendly automatic renewal savings plan. You save an additional $5 and get 4 issues of Utne Reader for only $31.00 (USA only).

Or Bill Me Later and pay just $36 for 4 issues of Utne Reader!




Facebook Instagram Twitter flipboard


Copyright 2018, All Rights Reserved
Ogden Publications, Inc., 1503 SW 42nd St., Topeka, Kansas 66609-1265