Globalization has redefined the competition for employment and incomes in the United States. Tradeoffs will have to be made between the two.
Sentiment: NEGATIVE
There is going to be globalization, but we need to do it under terms - under rules that work as rules work for our domestic economy on the dynamic of capitalism. You need to do trade in the same way.
Globalization is a fact of economic life.
Trade reform has also been linked to increased income disparity as skilled workers have captured more benefits from globalization than their unskilled counterparts.
Globalization creates economic policies where the transnationals lord over us, and the result is misery and unemployment.
'Globalization' has become the great tag phrase, but when we talk about it, it's nearly always in terms of the global marketplace or communications technology - either data or goods that are whizzing around. We forget that people are whizzing around more and more. On them, it takes a toll.
Globalisation means that for a high-wage, developed economy like Britain's to compete we need to focus our efforts on the highly skilled, added-value sectors such as advanced manufacturing, creative industries, engineering and even financial services.
For globalization to work for America, it must work for working people. We should measure the success of our economy by the breadth of our middle class, and the scope of opportunity offered to the poorest child to climb into that middle class.
Globalization is not a monolithic force but an evolving set of consequences - some good, some bad and some unintended. It is the new reality.
Globalization means we have to re-examine some of our ideas, and look at ideas from other countries, from other cultures, and open ourselves to them. And that's not comfortable for the average person.
If you're a global company you are going to have jobs overseas. The reality is if we start taxing those jobs at a rate that makes them noncompetitive in those markets, the reality is that we're going to lose business.
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