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Ch. 2: How to Judge Globalism


Title: Debating Globalization Author: Nic Last modified by: Nic Created Date: 9/2/2010 4:37:17 PM Document presentation format: On-screen Show Other titles – PowerPoint PPT presentation

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Title: Ch. 2: How to Judge Globalism

Ch. 2 How to Judge Globalism
  • Sen (Excerpted from Sen, How to Judge
    Globalism, The American Prospect, 2002)

GL is NOT new, NOT Western, and NOT a curse
GL is a matter of perspective
  • The Western narrative of GL begins with the
    Renaissance, moves to the Enlightenment, and the
    Industrial Revolution
  • BUT, if we go back to 1000 AD we find that GL
    moved from East to West

Global Interdependence and Movements
  • Its the idea that GLWesternization that incites
    parochial tendencies
  • i.e., resistance to all Western imports, even
    "positive" ones, e.g., shared values around
    freedom, knowledge, science, etc.

We need to move beyond the East-West dichotomy
Non-Western societies should NOT reject GL in
  • We cant reverse economic predicament of poor by
    withholding advantages of technology,
    international trade, social and economic merits
    of living in an open society
  • The issue of distribution of economic
    gains/losses is a separate critical issue

Global Justice and the Bargaining Problem
  • Issue is not whether a particular arrangement is
    better for everyone than no cooperation at all
  • One cannot rebut distributional concerns by
    saying everyone is better off
  • Fair distribution of benefits is important

So-called anti-GL protests have become the most
globalized events in the contemporary world
  • Protesters focus on the distribution of
    globalizations benefits

Altering Global Arrangements
  • The issue is not whether to promote market
  • Market economy is compatible with different
    ownership patterns, resource availabilities,
    social opportunities, and rules regulations
  • It's hard to achieve economic prosperity w/o
    benefits of exchange and specialization
  • BUT, markets dont self-regulate!

Success depends on enabling conditions
  • Enabling conditions depend on economic, social,
    political institutions at national global level
  • And theres an urgent need for reforming
    institutional arrangements

Institutions and Inequality
  • Market outcomes are massively influenced by
    public policies in education, epidemiology, land
    reform, microcredit, legal protections, etc.
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