EconWatch.com > Globalization: How the New Shift of Power Is Affecting Inflation

http://yaleglobal.yale.edu [YaleGlobal Online Magazine] Because of globalization, manufacturers must pay increasing prices paid for raw goods like oil or minerals, and consumers discover dropping prices for products on store shelves. This analysis of the International Monetary Fund’s “World Economic Outlook” suggests that ten years ago, developed countries provided the impetus for trade, but the emerging economies of India, China and Eastern Europe now extend substantial influence as well.

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http://billtotten.blogspot.com [Bill Totten's Weblog] The Global Delusion: He distinguishes two kinds of economic growth - the "Smithian" variety that reflects Adam Smith's vision in The Wealth of Nations, in which growth is achieved by utilizing the benefits of the division of labor, and a "Schumpeterian" variety that is driven by continuous technological innovation. In an unexpected lapse into economic orthodoxy Cohen maintains that while growth of the first kind ends by exhausting itself, "Schumpeterian growth is apriori without limit".

http://adamash.blogspot.com [Adam Ash] Deep Thoughts: what globalization?: "Today's globalization," he notes, "is 'immobile.'" Goods are produced and marketed on a planetary scale but those who live in rich countries encounter other societies chiefly through television and exotic vacations. There are politically controversial migrations of poor people from the Middle East and Africa to Europe and from Mexico to the United States, but immigrants still make up only around 3 percent of the world's population today, whereas in 1913 it was about 10 percent.

Scienceblog.comhttp://www.scienceblog.com [Scienceblog.com] Science Blog -- FACETS OF GLOBALIZATION AND CHALLENGES TO ...: It is firmly engaged in the process of integration in the world and European cooperation structures, and in the processes of globalization and liberalization of the economic life. There is a need for increasing the efficiency and pragmatism of UNCTAD activities and for adaptation to economic and political realities in a rapidly changing environment.

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