GOD's free-market principles
GOD's free-market principles
encourage the flow of employers-employees, both
domestically and internationally, to utilise global resources,
which enhances the flow of ideas, cultural tolerance, etc, for peace and harmony.
Myths of Globalization

    The first claim, that globalization is a wondrous child without historical parents, is the easiest to demolish. Greek culture of the age of Alexander influenced India's hairstyles, while eastern silks were sold in Caesar's Rome. Chinese porcelain and coins more than a thousand years old turn up in East Africa. Europeans of the Middle Ages paid a premium for pepper harvested a continent away. The Islamic world brokered trade between the West and the Far East. And it was before the discovery of the Americas.
    There are more parallels with the past than differences. When Portuguese warships wrested control of the Indian Ocean from the Ottomans and their clients at the dawn of the 16th century, they provided a model of strategic hegemony that remains in place today. Then, Lisbon's caravels and carracks controlled the spice trade. Today, U.S. Navy carriers guarantee the oil trade. The commodities have changed, but not the strategic geography.
    Globalization today may proceed at a swifter pace, generate greater wealth and touch more lives, but its essence is at least 2,500 years old. Over the centuries, the process has changed international relationships profoundly, but it has never changed human nature.

Excerpted from "Myths of Globalization" by Ralph Peters
USA Today - Tuesday, May 23, 2002

    Indian software and engineering firms providing back-room support and research for the world's biggest firms -- thanks to globalization. Bangalore officials say each tech job produces 6.5 support jobs, in construction and services.
    "Information technology has made millionaires out of ordinary people [in India] because of their brainpower alone -- not caste, not land, not heredity," said Sanjay Baru, editor of India's Financial Express. "India is just beginning to realize that this process of globalization is one where we have an inherent advantage."
    Taking advantage of globalization to develop the Indian I.T. industry has been "a huge win in terms of foreign exchange [and in] self-confidence," added Nandan Nilekani, chief executive of Infosys, the Indian software giant. "So many Indians come and say to me that 'when I walk through immigration at J.F.K. or Heathrow, the immigration guys look at me with respect now.' The image of India changed from a third-world country of snake charmers and rope tricks to the software brainy guys."

Excerpted from "Globalization, Alive and Well" by Thomas L. Friedman
The New York Times - Sunday, Sept 22, 2002
GOD's free-market principles - globally


    Editor-in-Chief Nick Gillespie interviewed Johan Norberg in Washington, D.C., in early September for Reason 12-03.
reason: Your book is titled In Defense of Global Capitalism. Can you summarize your case?
Johan Norberg: The core is that capitalism and globalization -- by which I basically mean free and open markets and liberal political, economic, and social institutions that support them -- bring freedom of choice to people in countries that have never experienced this before. If we want to defend globalization -- and we should -- our focus must be on developing countries, not our own Western countries. Global capitalism means that people are no longer confined by the decisions of national elites. These could be the local monopolies, the local powers, politicians, and so on.
    By making local powers compete or by bypassing them altogether, globalization gives people more freedom to decide over their own consumption, to buy things from abroad, to get the cultural influences they want, to travel, to meet friends, and to cross borders.
reason: What's the evidence that global capitalism benefits people in poor countries?
Norberg: Take just about any statistic, any indicator of living standards in the world, and you can see the progress that has been made over the exact period that worries globalization critics. In the last 30 years we've seen chronic hunger and the extent of child labor being halved. In the last 40 years, we've seen life expectancy going up to 64 years in developing countries. We've seen literacy levels approaching the maximum in most countries in the world. According to World Bank statistics, 200 million people have left absolute povery -- defined as living on the equivalent of less than $1 a day -- over the past 20 years. What's more, the most progress is found in the countries that increased trade and contacts with the outside world.
    Globalization has also helped extend rights to women that had long been confined to men. These include being able to go into business, get an education, inherit money, and so on. One reason for this is simple economics. In a globalized, competitive economy, women are a potential resource. They are able to have new ideas, to produce, and to work. If you discriminate against women--or anyone else--you lose opportunities as a society or as an employer.
    A second reason is that all the goods, ideas, and people that cross borders under globalization allow people to see more alternatives, to see other ways of living. When women and other oppressed groups in poor countries see how their counterparts in Western societies are treated, they begin to have ideas about how they want to be treated. Globalization is a great influence because people everywhere get all sorts of new ideas. They say, "Wow, things can be very different than I'm used to."
The above was excerpted from the full article which can be found at Reason.com

GOD's free-market principles
GOD has a clear minded banker
explain, in simple terms, the evil of protectionism.
Financial markets deplore protectionism..
The market knows the value of imports.

    To be sure, foreign competition harms some industries. Imports aren't poison to the overall economy, however. In fact, they've played a role in America's success. Bargains from China and other countries directly lower Americans' cost of living. When consumers pay less for clothes, shoes and electronics, they have money to spend elsewhere -- to the benefit of local businesses.
    In the U.S. corporate sector, cheaper inputs and components have helped producers lower their costs. More important, competing against China and other rivals forces U.S. producers to cut costs and bolster efficiency -- a crucial link between imports and surging productivity.

Excerpted from "Protect Us From Protectionists" by Richard W. Fisher
The Wall Street Journal - OPINION - Monday, April 25, 2005
Mr. Fisher is president of the Federal Reserve Bank of Dallas.