- About populism.. - 1 Update
| aminer68@gmail.com: Oct 24 12:31PM -0700 Hello, About populism.. I think the populist upsurge ultimately originates from two major sources: globalization and the rise of left-liberalism. But i think we have to be more aware about Globalization and immigration: First let us look at Offshoring: Offshoring increases demand for more workers "qualified" and also has a significant positive effect on productivity, in Canada it is an increase in the "productivity" of order of about 10%, also according to some recent research the Offshoring of materials and services have both a positive and not negligible effect on productivity. When it comes to the repercussion on employment, the majority of empirical studies suggest that the general repercussions of offshoring on the employment levels are low (Amiti and Wei 2005, Mankiw and Swagel 2006). For proof, read the following document: https://translate.google.com/translate?hl=en&sl=auto&tl=en&u=https%3A%2F%2Fwww150.statcan.gc.ca%2Fn1%2Fpub%2F11f0027m%2F2008055%2Fs6-fra.htm And now about immigration: Look at this following video about: Why Does the USA Need More IMMIGRANTS? You will notice that the West "needs" immigrants because they are also good for economic "growth". But please look carefully at the following video to understand more: https://www.youtube.com/watch?v=DmRgnDrhE9o And about Trade an Globalization: The Case Against Protection For as long as nations and international trade have existed, people have debated whether a country is better off with free international trade or with protection from foreign competition. The debate continues, but for most economists, a verdict has been delivered, Free trade promotes prosperity for all countries; protection is inefficient. We've seen the most powerful case for free trade—it brings gains for consumers that exceed any losses incurred by producers, so there is a net gain for society. And about globalization.. 1- Globalization has created new opportunities for firms to develop business models and offerings that have a higher intensity of R&D, innovation and capital. Many of the goods and services that have entered the market over the past decades have exactly those features, and without globalization, firms would have been forced to continue with business models that work with a smaller volume of sales. Firms have been able to specialize more than before and, as a consequence, human capital and the share of skilled jobs in the economy have grown remarkably. Today, advanced economies have a greater share of better-paid and better-skilled jobs than ever before. 2- Globalization has increased real wages for people in Western economies by making products cheaper or reducing the pace of price increases. If the typical goods that every household purchases had followed domestic rather than international price developments, consumers would have been poorer and saddled with products of lower quality. 3- Globalization has made significant contributions to productivity growth and, as a consequence, further raised living standards. Globalization has been particularly important for enabling new technology to spread fast across markets. In the long term, it is the speed of technological improvement that sets the pace for how richer societies get. However, trade and investment are not growing fast anymore, and there is much suggesting that the decline in trade and investment growth is one explanation to the failing dynamism of Western economies. While some appreciate the decline in the growth of globalization, those who care about the prosperity of a society should deplore it and make efforts for the world economy to return to high levels of trade growth. Read the following study to know more about globalization: The Economic Benefits of Globalization for Business and Consumers http://ecipe.org/publications/the-economic-benefits-of-globalization-for-business-and-consumers/ Thank you, Amine Moulay Ramdane. |
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