sway2sway
03-26-2007, 09:20 PM
What should I call this thread? My first try was 'global shit', then 'shit is global, how about 'shit globally'? then I tried to censor my potty mouth for the upstanding appearance of the main page, the result being a concise 'globalization', yet this tide cannot be stemmed, if I'm thinking shit, but trying not to say shit, inevitably shit will be shit, shitted, shat.
anyway.
I read this article I found quite interesting. It proposes that foreign aid has been reversed in the last 10 years or so, with the increasing globalization.
http://www.nytimes.com/2007/03/25/magazine/25wwlnidealab.t.html
I'll provide some highlights for you.
One of the touted benefits of globalization is the potential for increased transfer of capital from rich to poor countries. In reality, it says capital is moving the other way, even the poorest countries are exporting $. All countries have hard currency reserves to cover foreign debt or to use in case of a disaster. The rich countries usually have about 3 months worth of the value of total imports. The poorer countries have been increasing their reserves, often up to about 8 months worth, to ward off any investor panic. These countries often keep their reserves in the form of US Treasury Bills, so with the padding of the poor countries reserves, they are in effect lending the US money.
Immigration, brain drain- the poorer country educates the person and then they take those skills with them to a richer country. I read somewhere else that the US gives about 20 billion in direct aid to 3rd world countries and then get back about 30 billion in capital assets, these assets being educated immigrants at the beginning of their work life.
Artificially cheap food (thorugh govt subsidies) is exported to poorer countries. The farmers there can't compete, stop farming, lose their source of income, and become dependent.
Poorer countries are footing the bill of the richer countries high per capita energy use- Seen through global warming trends and environmental problems.
Ok, I sorta butchered this, my highlights may not be your highlights.
"Anyway," she says yet again.
There are some other interesting points in there too, about intellectual property, pharmaceutical patents, shit like that, global shit.
anyway.
I read this article I found quite interesting. It proposes that foreign aid has been reversed in the last 10 years or so, with the increasing globalization.
http://www.nytimes.com/2007/03/25/magazine/25wwlnidealab.t.html
I'll provide some highlights for you.
One of the touted benefits of globalization is the potential for increased transfer of capital from rich to poor countries. In reality, it says capital is moving the other way, even the poorest countries are exporting $. All countries have hard currency reserves to cover foreign debt or to use in case of a disaster. The rich countries usually have about 3 months worth of the value of total imports. The poorer countries have been increasing their reserves, often up to about 8 months worth, to ward off any investor panic. These countries often keep their reserves in the form of US Treasury Bills, so with the padding of the poor countries reserves, they are in effect lending the US money.
Immigration, brain drain- the poorer country educates the person and then they take those skills with them to a richer country. I read somewhere else that the US gives about 20 billion in direct aid to 3rd world countries and then get back about 30 billion in capital assets, these assets being educated immigrants at the beginning of their work life.
Artificially cheap food (thorugh govt subsidies) is exported to poorer countries. The farmers there can't compete, stop farming, lose their source of income, and become dependent.
Poorer countries are footing the bill of the richer countries high per capita energy use- Seen through global warming trends and environmental problems.
Ok, I sorta butchered this, my highlights may not be your highlights.
"Anyway," she says yet again.
There are some other interesting points in there too, about intellectual property, pharmaceutical patents, shit like that, global shit.