Globalization

["Harry L. Cook" <hlc710@xxxxxxxxxxx>]

Arguments supporting globalization on the grounds that it creates rising incomes in the
less developed countries are misleading because they are probably  true and,
therefore, (superficially) persuasive.  But they ignore the fundamentals.

Globalization creates rising incomes in the economic enclaves that directly
benefit from the foreign investment.  But they generally involve deals with
the existing power structure, which is usually the main obstacle to the
changes in institutional  structure required to bring about the kind of
philosophical, political, legal, educational and economic changes required
for economic development for the country as a whole.

                                            Harry L. Cook
----- Original Message