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Global trade continues to be evolutionary which is not to say that it has
not had many instances of 2 steps forward and 1 step back. Note that the
"collapse" of global trade following WWI has been followed by far more
globalization. The "collapse" was not really a collapse, it was a step back
to increased tariffs to protect domestic producers during the global
depression ... I expect we will see a repeat within the next decade.
However, there will be no "collapse" and globalization will continue. There
will be no collapse because each step forwards creates capital flows and
interdependencies which can not easily be reversed, even by determined
governments.
Earl
----- Original Message -----
From: "Dan Goncharoff" <TheGonch@xxxxxxxxxxx>
To: <realtraders@xxxxxxxxxxxxxxx>
Sent: Wednesday, July 23, 2003 8:05 AM
Subject: Re: [RT] book recomendation sought
> An historical note: the Brits, the drivers of economic globalization in
> the second half of the 19th century, were saying the same thing until
> disabused of the notion by the collapse of global trade after WWI.
>
> Regards
> DanG
>
> EarlA wrote:
>
> >There are two types of approaches out there ... radical (which won't
work)
> >and evolutionary. The fringe stuff is filled with a lot of idealism
without
> >much practicality ... like it or not, we are not going to return to the
> >"good old days" i.e. swap the global conglomerates for mom and pop
> >operations. You might find this piece (PDF) by Stephan Roach of value:
> >
> >http://www.morganstanley.com/GEFdata/digests/x2.pdf
> >
> >Roach is the straight shooter, Chief Global Economist, for Morgan
Stanley.
> >
> >Earl
> >
> >----- Original Message -----
> >From: "Terry B. Rhodes" <trhodes3@xxxxxxxxx>
> >To: <realtraders@xxxxxxxxxxxxxxx>
> >Sent: Wednesday, July 23, 2003 12:37 AM
> >Subject: [RT] book recomendation sought
> >
> >
> >
> >
> >>Hi All,
> >>
> >>Can anyone recommend a book that puts forward the
> >>anti-globalization protesters case, preferably something
> >>with an economic bent? I know nothing about these guys.
> >>
> >>TIA
> >>
> >>regards,
> >>
> >>tbr
> >>
> >>
> >
> >
> >
> >To unsubscribe from this group, send an email to:
> >realtraders-unsubscribe@xxxxxxxxxxxxxxx
> >
> >
> >
> >Your use of Yahoo! Groups is subject to http://docs.yahoo.com/info/terms/
> >
> >
> >
> >
> >
>
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