Globalization in a Nutshell

rffrydr · Posted: Sun Jul 02, 2006 11:05 am Post subject: Globalization in a Nutshell

Bikram Yoga and India: Third World back at-cha!

http://www.usatoday.com/money/2006-06-28-yoga-usat_x.htm

rffrydr · Posted: Sun Apr 12, 2009 2:49 pm Post subject:

Remittances

Published: April 12 2009 18:15 | Last updated: April 12 2009 18:15

First, the bad news. Remittances are down. The World Bank expects payments from workers abroad to fall between 5 and 8 per cent this year as the recession takes its toll. For a country such as India, which took in $45bn from expatriates from Dubai to Dallas last year, that is going to hurt.

Remittances to all countries topped $305bn in 2008, as growth in south Asia made up for a fall in payments to Latin America and the Caribbean. This year, all regions are expected to show declines, although the World Bank says remittances should suffer less than other kinds of fund flows, such as foreign direct investment.

The good news for the millions of people who depend on the generosity of friends and family abroad is that migration is holding up. Fears that a wave of overseas job losses would lead migrant workers to head home, flood local labour markets and blow their hard-earned foreign cash propping up the local boozer proved premature. People are going home, but net migration flows are still outwards. This is important, because remittance payments depend on the total number of a country’s citizens abroad, not just those who leave a country in a given year. That is one reason the World Bank expects remittance flows to remain relatively resilient this year before picking up again in 2010.

It also suggests that the biggest threat to the well-being of recipients of foreign cash is not the recession, but rising labour protectionism. Tighter entry requirements have already resulted in a big fall in the number of eastern European migrants looking for work in the UK. The longer the recession goes on, the more governments around the world must take care that ham-fisted attempts to protect domestic jobs do not lead to increased misery – and the potential for social unrest – elsewhere.
_________________
Today is the Tomorrow you worried about Yesterday!

rffrydr · Posted: Sun Mar 29, 2009 8:44 am Post subject:

Levi's closes in Hungary. For the market, just a business decision. For the culture, an end of an era:

http://www.latimes.com/news/nationworld/world/la-fg-hungary-levis29-2009mar29,0,3266649.story

rffrydr · Posted: Sun Feb 15, 2009 7:56 pm Post subject:

_________________
Today is the Tomorrow you worried about Yesterday!

rffrydr · Posted: Thu Dec 25, 2008 11:56 pm Post subject:

Let's blame china:

http://www.nytimes.com/2008/12/26/world/asia/26addiction.html?hp

If not the greed, looks like our own "socialism" got the better of us:

rffrydr · Posted: Thu Dec 25, 2008 9:07 am Post subject:

Written two-weeks ago this article already seems old:

http://www.nytimes.com/2008/12/14/magazine/14Ideas-Section2-C-t-002.html
_________________
Today is the Tomorrow you worried about Yesterday!

rffrydr · Posted: Sun May 04, 2008 11:03 pm Post subject:

The great arc of globalization built on a grain of rice:

http://www.marketwatch.com/news/story/thailands-idea-rice-cartel-face/story.aspx?guid=%7B2DDCE9B2%2D723B%2D4C80%2DBCB9%2D92BAF269BD6E%7D
_________________
Today is the Tomorrow you worried about Yesterday!

rffrydr · Posted: Sun Jul 09, 2006 1:15 pm Post subject:

Smoot-Hawley Tariff Act in reverse; the advance of Global trade continues to suffer against a backdrop of political backlash:

http://economist.com/finance/displaystory.cfm?story_id=7141694