Category Archives: globalization

>Tricia Ellis-Christensen

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Even though globalization may be a subject of argument, it’s highly unlikely to end any time soon. It would take mass destruction of all modern methods of communication and transport, in addition to all countries taking strong isolationist policies in order to reverse the globalization trends in the world. This doesn’t mean that some nations or people won’t resist what they view as globalization, but you could compare this trend to a runaway train. At this point, there is little to do to stop the communication of minds all over the world through vehicles like the Internet. Even teens and kids are communicating with children from “the four corners” of the globe. It’s therefore unlikely that globalization will experience a downward trend, and will likely continue to influence our world in myriad ways.

>Lester Brown

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Environmental scientists have been saying for some time that the global economy is being slowly undermined by environmental trends of human origin, including shrinking forests, expanding deserts, falling water tables, eroding soils, collapsing fisheries, rising temperatures, melting ice, rising seas and increasingly destructive storms.

>田村秀男

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 ユーロ加盟南欧諸国の政府債務問題がギリシャからスペイン、イタリアへと広がり、これら諸国の国債を保有する欧州の金融機関を揺さぶっている。そこでユーロを発行する欧州中央銀行はスペインとイタリアの国債を買い上げることにした。すると、ユーロ札発行は増えに増えるので、対ユーロ安によるドル全面安の恐れはない。FRBはドルをもっと刷れるだろう。
 米国債最大の保有国、中国はどう出るか。「米国債大量売却」となれば、ドル暴落の引き金を引くが、200兆円相当近くのドル資産の多くが失われ、胡錦濤指導部の責任問題になる。ドルに合わせて人民元相場を切り下げると損失は避けられるが、インフレが高進し、出稼ぎ農民や都市の中間層以下の不満を爆発させる。中国は米国債を売るわけにいかないのだ。
 以上、ドル凋落のシナリオはありそうで、そうならない。米欧に比べ、円を刷らない日本だけが、円の独歩高を止められず、デフレをさらにこじらせ、大震災からの復興をどこまでも遅らせる。
 40年前に世界通貨は紙切れの時代になってしまったのに、日本だけが発想転換できないで、おカネを刷らない。その結果、消費者も企業も財政も貧しくなるばかりだ。

>Jorge Nef

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… the wealthiest 20% of humanity receives 82.7% of the world’s income. The historical trend is even more revealing.
The same global elite also controls 80% of world trade, 95% of all loans, 80% of all domestic savings, 80.5% of world investments. They consume 70% of world energy, 75% of all metals, 85% of timbers and 60% of food supplies. In this context the global middle sectors are shrinking considerably, since the 20% of what could be called the world’s middle class only receives 11.7% of the world’s wealth. Between one-half and two-thirds of the African population lives in a state of permanent destitution. It has been estimated that “in this decade average per capita incomes fell by about 3% per year in sub-Saharan Africa and by about 1.3% in the highly indebted countries”. The cumulative figures of economic decline for the decade are 25% for Africans and 10% for Latin Americans.

>James Gustave Speth

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Consider a world in which environmentalists continue to lose on big issues such as climate change. Many observers see current trends leading to catastrophe, with environmental crises as major ingredients in a devil’s brew that includes such stresses as population pressure and energy supply problems; global income disparities and economic and political instabilities; terrorism, failed states, and nuclear proliferation. A world where environmentalists fail is one of food and water shortages; sea level rise; increasing heat waves, fires, floods, storms, droughts; deforestation, desertification, and biotic impoverishment; pollution and toxification; energy shortages; plus unpleasant surprises. The poor and powerless, even the average citizen, are unlikely to fare well in such a world.
In scenarios of the future, a continuation of “business as usual” can lead to a “fortress world” response to crisis, where the affluent live in protected enclaves in rich nations and in strongholds in poor nations. In the police state outside the fortress, the majority is mired in poverty and denied basic freedoms. Military and intelligence experts also have warned that climate disruption could lead to humanitarian emergencies, refugees, and rampant conflict. At a minimum one can conclude that unfolding trends threaten the liberal program. Historically, times of great stress, loss and instability lead societies to illiberal responses. Liberals must appreciate how serious environmental threats are, and that they threaten political and social systems, not just ecological ones. We all need to recognize that environmental threats are too serious to leave to environmentalists.

>Valérie Fournier

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In becoming mainstream, sustainability has been washed out of its more radical questioning of economic models, and especially economic growth … If there is to be any hope of a sustainable future, it is precisely economic growth that needs to be called into question. Sustainable development and ecological modernization only serve to ‘sustain the unsustainable’; they not only absolve major corporations and a capitalist economy of endless growth of environmental responsibilities, but also cast them as the new heroes of sustainability.

>Hwy-Chang Moon

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Competitiveness is often confused with productivity. While productivity refers to the internal capability of an organization, competitiveness refers to the relative position of an organization against its competitors.
… a firm may enhance its competitiveness by simply changing its strategies (eg, new marketing strategy), while maintaining the same the same level of productivity. Likewise, a nation can enhance its competitiveness by changing national policies (e.g., currency devaluation, protectionism), without increasing its domestic productivity. Therefore, we need to distinguish competitiveness from productivity and highlight the relevant strategy at various levels of analyses.

>World Bank

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The global financial system would no longer be dominated by the dollar or any single currency by 2025 and six major emerging economies— Brazil, China, India, Indonesia, South Korea, and Russia—will account for more than half of all global growth.

>Mansoor Dailami

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Over the next decade or so, China’s size and the rapid globalisation of its corporations and banks will likely mean a more important role for the renminbi.
The most likely global currency scenario in 2025 will be a multi-currency one centred around the dollar, the euro, and the renminbi.

>Justin Yifu Lin

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The fast rise of emerging economies has driven a shift whereby the centres of economic growth are distributed across developed and developing economies— it’s a truly multipolar world.
Emerging market multinationals are becoming a force in reshaping global industry, with rapidly expanding South-South investment and FDI inflows. International financial institutions need to adapt fast to keep up.

>Ken Sweet

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The computers have taken over Wall Street, and they’re taking investors on a wild ride.
This week, the Dow swung back and forth more than 400 points on four straight days. Trading volume is at or near record levels.
It’s not fast-talking traders on the New York Stock Exchange behind the action. The majority of trading is done on large server farms based in New Jersey and elsewhere.
High-frequency trading, also known as algorithmic or programmed trading, relies on software to determine when to buy and sell shares, usually based on a particular pattern or technical level in the market. These trades can happen several times a minute.
Experts don’t blame high-frequency trading entirely for the market’s nauseating moves, but they say it certainly exacerbates them.
The Securities and Exchange Commission in a report blamed high-frequency trading in part for the May 6, 2010 “flash crash,” when the Dow fell nearly 1,000 points in minutes.

>Development Assistance Committee

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The OECD Development Assistance Committee (DAC) comprises a wide range of actors and partners who build on mutually agreed principles and good practices to improve the effectiveness of development. Some of the words that characterise the DAC are: trust, strategic capacity, networking, problem solving, co-operation and engagement. Yet at the same time, the far-reaching and dynamic nature of its evolving relationships and activities make it difficult to get a complete picture of the DAC’s work.
Today, the DAC comprises 24 members with significant aid programmes: Australia, Austria, Belgium, Canada, Denmark, Finland, France, Germany, Greece, Ireland, Italy, Japan, Korea, Luxembourg, Netherlands, New Zealand, Norway, Portugal, Spain, Sweden, Switzerland, United Kingdom, United States and the European Commission (EC). The World Bank, the International Monetary Fund (IMF) and the United Nations Development Programme (UNDP) participate as permanent observers.

>The Economist

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India’s switch from the world’s biggest recipient to donor is part of a wider change shaking up foreign aid. Ten years ago the vast majority of official development assistance came from about 15 rich industrialised countries that are members of the Development Assistance Committee (DAC), a 50-year-old club of the aid establishment. Even today, America remains the largest single donor, dishing out $31 billion in 2010.
ReprintsBut second on the list, if reports monitored by New York University’s Wagner School are to be believed, would be China, which gave away $25 billion in 2007. (Statistics on aid from new donors are dodgy and the line between aid and trade is blurred; by another count China’s officially reported aid was only $1.9 billion in 2009.) Brazil, which is also thinking about setting up its own aid agency, gives up to $4 billion a year of assistance, broadly defined. That would put it on a par with Sweden, Italy—or Saudi Arabia, another big donor outside the establishment club. If India gives around $2 billion a year, it would rank with Australia or Belgium.
According to a new report by a non-governmental organisation called Global Humanitarian Assistance, aid (conservatively defined) from non-DAC countries rose by 143% in 2005-08, to $11.2 billion, before falling during the financial crisis. Aid from the BRICs (Brazil, Russia, India and China) more than doubled. The establishment donors’ aid monopoly is finished.

>David K. Randall

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Support levels. Moving averages. Breakouts.
That strange language is being spoken more forcefully on Wall Street these daysIt is the language of technical trading, which is helping to drive recent wild gyrations in stock prices.
Within hours, stock prices have been leaping and falling in 300 and 400 point bursts.
Technical traders all but ignore fundamentals, such as corporate profits or expected growth rates. Instead they rely on stock-chart analyses that signal when to buy or sell the entire U.S. stock market.
In the absence of clear signs about the economy’s direction, more of Wall Street is turning to technical trading. When the charts say “sell,” a herd of sellers emerges, magnifying declines. If prices fall far enough, another wave of technical selling is triggered and the decline is intensified. At some point, a threshold is reached where the charts say “buy,” and stock prices get whipped higher.

>Людмила Клот

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От трехсот рабочих мест откажется в ближайшие годы Всемирная организация здравоохранения. Международный комитет Красного Креста – от более тридцати. Из-за роста курса швейцарской валюты большинство международных организаций в Швейцарии, чьи бюджеты спланированы в евро или в долларах, переживают сложные времена.
L’Organisation Mondiale de la Santé va supprimer prochainement près de 300 emplois, le Comité international de la Croix-Rouge se privera d’une trentaine de collaborateurs. La force du franc suisse détruit les budgets de nombreuses organisations internationales en Suisse, rédigés traditionnellement en dollars et en euros.

>Александр Айвазов

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Высокий уровень безработицы, низкий уровень загрузки производственных мощностей, отсутствие достаточного кредитования реального сектора экономики в развитых стран и падение вложений в обновление основного капитала свидетельствуют о том, что в рамках цикла Жюгляра мировая экономика будет находиться в депрессии, как минимум, до 2013-14 гг. В цикле Кузнеца мировая экономика достигнет своей нижней точки падения не раньше 2017-2018 гг., о чем свидетельствует отсутствие роста в строительной индустрии, низкий спрос и падение цен на жилье. Депрессия в цикле Кузнеца будет длиться до 2018-19 гг., когда в цикле Жюгляра уже начнется новая фаза кризиса. В цикле Кондратьева понижательная волна завершится не ранее 2018-20 гг., когда будет сформирован новый ТУ.
Таким образом, вторая волна кризиса или второй кризис понижательной волны шестого К-цикла нас ожидает в 2012-2015 гг., когда циклы Жюгляра, Кузнеца и Кондратьева будут находиться еще в состоянии депрессии, а цикл Китчина снова войдет в фазу рецессии. Именно в период этого кризиса можно ожидать обвала нефтяных цен до уровня их рыночного равновесия в 25-35 $ за баррель. В это же время произойдет крушение нынешней мировой финансовой системы, основанной на долларе США, как виртуальной денежной единице. Цены на золото взлетят до небес (вполне возможно достижение таких высот, как 2-3 тысяч $ за унцию), т.к. огромная масса спекулятивных капиталов попытается переждать “экономическую бурю” в “тихой золотой гавани”. И только тогда сформируются предпосылки для создания новой мировой финансовой системы, без которой дальше уже просто не сможет развиваться мировая экономика.

>Dominique Moïsi

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Demography is not an exact science. Countless dire predictions, from that of Malthus to that of the Club of Rome, have been proven wrong. But, according to a recent and very convincing essay published in the magazine Foreign Affairs, a dual demographic and economic trend is taking place that will result in spectacular shifts by the middle of this century. The western world will represent only 12% of the world’s population, with Europeans reduced to 6%. (In 1913, a year before the outbreak of the first world war, Europe was slightly more populated than China.) Economically, the west will account for around 30% of global output – a level that corresponds to Europe’s share in the 18th century and down from 68% in 1950.
What we are witnessing can be seen is a return to the past, with the west resuming to its old place in the world before the start of China’s long process of historical decline at the beginning of the 19th century. The west’s long period of global dominance is ending, encouraged and accelerated by its own mistakes and irresponsible behaviour. We are entering a new historical cycle, in which there will be proportionally fewer westerners, more Africans and Middle Easterners, and – with greater relevance economically and strategically – many more Asians.
There is a sense in Europe that you can’t be fully civilized with the death penalty. Now this feeling is reinforced — that the United States is not a fully civilized country with a police that behaves like that, that wants to humiliate. There is a sense that it’s a dangerous country.

>Adam Smith

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Let us suppose that the great empire of China, with all its myriads of inhabitants, was suddenly swallowed up by an earthquake, and let us consider how a man of humanity in Europe, who had no sort of connection with that part of the world, would be affected upon receiving intelligence of this dreadful calamity. He would, I imagine, first of all, express very strongly his sorrow for the misfortune of that unhappy people, he would make many melancholy reflections upon the precariousness of human life, and the vanity of all the labours of man, which could thus be annihilated in a moment. He would too, perhaps, if he was a man of speculation, enter into many reasonings concerning the effects which this disaster might produce upon the commerce of Europe, and the trade and business of the world in general. And when all this fine philosophy was over, when all these humane sentiments had been once fairly expressed, he would pursue his business or his pleasure, take his repose or his diversion, with the same ease and tranquility as if no such accident had happened. The most frivolous disaster which could befall himself would occasion a more real disturbance. If he was to lose his little finger tomorrow, he would not sleep tonight; but, provided he never saw them, he will snore with the most profound security over the ruin of a hundred millions of his brethren, and the destruction of that immense multitude seems plainly an object less interesting to him, than this paltry misfortune of his own.

>Don Young

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It is pretty clear that the financial and economic facets of globalisation – those that are most affected by supposedly helpful institutions like the IMF and World Bank – simply aren’t working. Despite the bullish assertions of the neo-liberal economics disciples, the philosophies of unfettered free-market capitalism and the institutions that enforce them do not work and need deep reform. Rather than marking the ‘end of history’ (the flowering of an economic system that is as good as it can get), the current state of economic thinking is more like a garden overwhelmed by a poisonous and invasive weed. There is an urgent need for more practical, grounded and bespoke economic and financial solutions to the multifarious challenges faced by developing and developed countries alike.
Deep down, neo-liberal economics is based on restriction and punishment, rather than development and support. It seems to be the modern equivalent of the medieval belief that original sin, guilt and mortification of the flesh were the only routes to salvation.
It now seems that the weight of evidence shows Keynes was more accurate in his diagnoses and prognoses than the current dogmas that dominate the world economic institutions.
Of course, we should never forget that these same institutions have been hi-jacked by global banks and corporations, working through national governments.
So, currently we have the noxious combination of greed, self-interest and dogmatic economic philosophies working in harness to serve the interests of a few and to disadvantage the majority.

Tom Clougherty

Fairtrade purports to work within the market economy but its rise has been largely based on marketing subsidies and public-sector procurement.

At best, Fairtrade is a marketing device that does the poor little good.
At worst, it may inadvertently be harming some of the planet’s most vulnerable people. There is nothing wrong with being concerned about the working conditions, wages and environment of workers, but we don’t believe Fairtrade is the most effective model.
They make assumptions about agriculture in the developing world – that they must be small farming cooperatives, but this is just not sustainable if countries are to develop.
Free trade was a more effective strategy for reducing poverty, as it encouraged countries to industrialise and develop more efficient farming practices.

>asahi.com

>

 8日のニューヨーク株式市場は米景気への悲観論が根強く、6営業日連続で下落した。大企業で構成するダウ工業株平均は前日比21.87ドル(0.18%)安い1万2048.94ドルで取引を終えた。終値としては3月22日以来約2カ月半ぶりの安値水準。
 ハイテク株主体のナスダック総合指数は26.18ポイント(0.97%)安い2675.38。
 雇用環境の改善の遅れに加え、米連邦準備制度理事会(FRB)のバーナンキ議長が7日、講演で米成長について「(現状は)予測よりやや遅れているようだ」と発言。米景気回復が減速しているとの見方が強まっている。(ロサンゼルス=山川一基)

>Dale Stephens

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I have been awarded a golden ticket to the heart of Silicon Valley: the Thiel Fellowship. The catch? For two years, I cannot be enrolled as a full-time student at an academic institution. For me, that’s not an issue; I believe higher education is broken.
I left college two months ago because it rewards conformity rather than independence, competition rather than collaboration, regurgitation rather than learning and theory rather than application. Our creativity, innovation and curiosity are schooled out of us.
Failure is punished instead of seen as a learning opportunity. We think of college as a stepping-stone to success rather than a means to gain knowledge. College fails to empower us with the skills necessary to become productive members of today’s global entrepreneurial economy.

>Standard & Poor’s

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We define shadow banking as the system of finance that exists outside regulated depositories, investment banks, or bond funds. It includes bank-sponsored intermediaries such as asset-backed commercial paper (ABCP) conduits,money-market funds, collateralized loan obligations (CLOs), finance companies, private investment funds, business development corporations (BDCs), asset managers, and hedge funds. The market determines the level of leverage and access to funding for participants in the shadow-banking system, which results in market-driven cost of funds.Given that, in our view, shadow-banking players differ from traditional banks in three important ways. They don’t typically operate under bank regulatory supervision and thus often operate under differing capital, leverage, and liquidity guidelines. They don’t normally benefit from government capital support, such as deposit insurance. And they don’t benefit from the liquidity support available to regulated banks, such as the ability to borrow from the Fed. This lack of oversight and support was a factor in the difficulties some shadow-banking players experienced during the financial crisis.

Tim Harford

Is the iPhone made in China? The question is harder to answer than you might imagine. At first sight, the statistics seem open and shut. The Chinese make the iPhones, the Americans buy the iPhones, and the result is an increase in the US’s trade deficit with China: $1.9bn in 2009, according to Yuqing Xing of the National Graduate Institute for Policy Studies in Tokyo, and Neal Detert of the Asian Development Bank.
… all these components are imported into China. Some come from the US, some from Germany, and many from Japan, specifically from Toshiba. The Chinese themselves add very little value to the package.
To see why this matters, assume that the Chinese currency appreciates by a hefty 25 per cent. For the $172.50 of components bought from the likes of Japan, assembled and then exported to the US, the currency appreciation would all come out in the wash. The cost would remain $172.50. It’s only the $6.50 of local Chinese costs that would be affected – adding a whopping $1.55 to the cost of the iPhone and barely shifting the US-China trade statistics.
It may well be that many US workers have been hurt by the forces of globalisation. But the iPhone and iPod show why the whole business is complex. Products that are made in China may actually be rewarding producers in Japan and California, and, of course, consumers across the world. It’s a curious paradox: the more pervasive globalisation becomes, the less we understand it by looking at trade statistics.

>Thomas Friedman

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Columbus accidentally ran into America but thought he had discovered part of India. I actually found India and thought many of the people I met there were Americans. Some had actually taken American names, and others were doing great imitations of American accents at call centers and American business techniques at software labs.
Columbus reported to his king and queen that the world was round, and he went down in history as the man who first made this discovery. I returned home and shared my discovery only with my wife, and only in a whisper.
“Honey,” I confided, “I think the world is flat.”

Pankaj Ghemawat

World 0.0
Food was an obvious focus: the major occupational categories were foraging, hunting, and rudimentary farming. Security was critical as well.
World 1.0
While nations did have some military interactions, they were largely self-contained; culture, society, and economics had a strongly national/local cast.
World 2.0
… the trend toward deregulation …
… a state of affairs that supposes competition over everything from everywhere …
World 3.0

>Thomas Friedman

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To all those who say that this era of globalization is no different from the previous one, I would simply ask: Was your great-grandmother playing bridge with Frenchmen on the Internet in 1900? I don’t think so. There are some things about this era of globalization that we’ve seen before, and some things that we’ve never seen before and some things that are so new we don’t even understand them yet. For all these reasons, I would, sum up the differences between the two eras of globalization this way: If the first era of globalization shrank the world from a size “large” to a size “medium,” this era of globalization is shrinking the world from a size “medium” to a size “small.”
Without the knowledge of the U.S. government, Long-Term Capital Management – a few guys in Greenwich, Connecticut – amassed more financial bets around the world than all the foreign reserves of China. Osama bin Laden, a Saudi millionaire with his own global network, declared war on the United States in the late 1990s, and the U.S. Air Force had to launch a cruise missile attack on him as though he were another nation-state. We fired cruise missiles at an individual! Jodie Williams won the Nobel Peace Prize in 1997 for her contribution to the International Ban on Landmines. She achieved that ban not only without much government help, but in the face of opposition from the Big Five major powers. And what did she say was her secret weapon for organizing 1,000 different human rights and arms control groups on six continents? “E-mail.”

>Merrill Lynch

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The World Is 10 Years Old
It was born when the Wall fell in 1989. It’s no surprise that the world’s youngest economy – the global economy – is still finding its bearings. The intricate checks and balances that stabilize economies are only incorporated with time. Many world markets are only recently freed, governed for the first time by the emotions of the people rather than the fists of the state. From where we sit, none of this diminishes the promise offered a decade ago by the demise of the walled-off world … The spread of free markets and democracy around the world is permitting more people everywhere to turn their aspirations into achievements. And technology, properly harnessed and liberally distributed, has the power to erase not just geographical borders but also human ones. It seems to us that, for a 10-year-old, the world continues to hold great promise. In the meantime, no one ever said growing up was easy.

>William Brittain-Catlin

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… new offshore centres will emerge – the bets are already on Malta, Mauritius and the Seychelles – as trailblazers for the second coming of offshore capitalism, and they will give those hungry for profit and inordinate wealth a margin of risk and reward not available in the slumbering onshore world.
The outcome we know already: offshore capitalism will destroy our economies in a repeat performance of all that we have witnessed these last few years.
But this need not happen; the economic gods have not determined our fate. With the removal of tax havens and offshore finance from the world, we can safely and securely build a new onshore polis. The responsibility is ours. We can and must determine our own fate.

Jeremy

End Tax Haven Secrecy is a brand new campaign that launched this week. It’s an alliance that includes Christian Aid, Oxfam, ActionAid, and The Tax Justic Network, and the campaign is geared up to get action on tax havens on the agenda at the G20 gathering in Cannes in November. French president Nicolas Sarkozy will be among the politicians targetted, as he will have a crucial role in hosting the summit.
Tax havens remain a huge drain on the global economy, a place for wealthy elites and global corporations to avoid paying their share. They rob developing countries of around $160 billion in unpaid taxes every year, which is more than they receive in aid.

>James K. Boyce

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Tax havens have gotten a lot of press lately. In Britain, the UK Uncut movement has mounted demonstrations across the country against tax dodging by large corporations and wealthy individuals – making the connection between profits parked abroad and deficits and budget cuts at home.
Last month in the U.S., The New York Times revealed that GE, one of the nation’s largest companies, earned 46% of its revenue in the U.S. over the last three years but booked less than one-fifth of its profits there, shifting most of its booked profits to low-tax countries. In 2010, taking advantage of loopholes in U.S. tax laws (for which the firm had lobbied Washington lawmakers), GE paidnegativetaxes: despite $5.1 billion in declared pre-tax U.S. profits, the firm received a $3.2 billion tax credit. This and other blatant examples of corporate tax dodging are inspiring the birth of US Uncut, an American cousin of the British movement.

>Nicholas Shaxson

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The offshore world is around us. Over half of world trade passes, at least on paper, through tax havens. Over half of all bank assets, and a third of foreign direct investment by multinational corporations, are routed offshore. Some 85 percent of international banking and bond issuance takes place in the so-called Euromarkets, a stateless offshore zone that we shall soon explore. Nearly every multinational corporation uses tax havens, and their largest users — by far — are on Wall Street.
Tax havens don’t just offer an escape from tax. They also provide wealthy and powerful elites with secrecy and all manner of ways to shrug off the laws and duties that come along with living in and obtaining benefits from society – taxes, prudent financial regulation, criminal laws, inheritance rules, and many others. Offering these escape routes is the tax havens’ core line of business. It is what they do.

>Karel van Wolferen

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… the United States is home for a people whom I admire (most of the time), but who to me appear to be in the midst of moral and political crises that can, as yet, shake up the world some more. Almost all my American friends tend to agree. I am fascinated and concerned and want to continue following this closely. I am of course aware that, unlike the Japanese, Americans on the whole do not take too kindly to what foreigners may have to say about them if that leads to negative interpretations. But, so be it. The United States is far too important to be left to Americans to discuss.
… That odd but fascinating nichibei relationship, as it is known in Japan, should be particularly interesting for Europeans thinking about the possibilities of forming a friendly but independent power on the world stage.

>松浦肇

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「誠に残念ですが、日本は貧しい国になるでしょう」。米国家経済会議(NEC)前委員長のローレンス・サマーズ米ハーバード大学教授が23日、ニューヨーク市内の講演で断言すると、会場が静まり返った。
米国では、震災後の落ち着いた日本の社会秩序が評価される一方で、経済の先行きが懸念されている。
米国のエコノミストは第2四半期(4~6月)の日本の国内総生産(GDP)が前年比約3%減るとみているが、減少率の半分、1・5%分が東電「発」によるネガティブ要因。放射能漏れや停電が都心部の経済活動を妨げ、消費の低迷につながるという見方だ。

>Akin Iwilade

>

The globalization era is still rapidly unfolding. It may therefore be difficult to say for sure what diplomacy may look like in the next few decades. One may however safely predict that tensions will continue to rise along the fault lines defined by cultural civilizations as a consequence of the tendency of globalization to deny the specificities of relatively weak regions. Diplomacy will therefore have to focus increasingly on proactive measures to forestall the degeneration into armed conflict. Diplomacy is also likely to have to evolve to reflect the increasing salience of non state actors. For instance, diplomats will have to learn how to negotiate with highly irregular foes like terrorists. Economic matters will also likely increase in relevance. There is also the possibility that multilateral diplomacy, to accommodate the increasing cosmopolitan character of the international political system, will become much more important in the coming period. Above all, diplomacy in the era of globalization will inevitably mirror the very many contradictions of the period. It will create new areas of conflict and at the same time improve cooperation.

>Alan Gordon

>

I’m waiting for the pitch to buy gold and the suggestion we buy guns etc to get ready for the riots. If the the dollar stops being the reserve currency, it won’t happen in my lifetime.

>Barry Eichengreen

>

The greenback … is not just America’s currency. It’s the world’s.
But as astonishing as that is, what may be even more astonishing is this: The dollar’s reign is coming to an end.
I believe that over the next 10 years, we’re going to see a profound shift toward a world in which several currencies compete for dominance.
The impact of such a shift will be equally profound, with implications for, among other things, the stability of exchange rates, the stability of financial markets, the ease with which the U.S. will be able to finance budget and current-account deficits, and whether the Fed can follow a policy of benign neglect toward the dollar.

>Michael Pento

>

It now appears that the United States has finally succeeded in its efforts to destroy confidence in the U.S. dollar. Given the currency’s reserve status, its ubiquity in financial markets, and the economic power and political position of the United States, this was no easy task. However, to get the job done Washington chose the right man: Fed Chairman Ben Bernanke. Thanks to Bernanke’s herculean efforts, investors across the globe have now been fully weaned from their infantile belief that the U.S. dollar will remain the ultimate safe haven currency.
(… for the last twenty years or so the monetary arrangement that pegged the yuan against the dollar served the interests of both countries. The U.S. enjoyed a flood of cheap imports, the benefits of ultra-low interest rates, and a strong currency. The Chinese received a booming export economy, which accounted for about a third of the country’s GDP, and the ownership of a significant portion of the future of the United States. To maintain this peg, the People’s Bank of China had to print trillions of yuan and perpetually hold more than $1 trillion U.S. dollars in reserve.
But recently, having led to rampant money supply growth and inflation in China, the peg has become more trouble than it’s worth, particularly from the Chinese perspective.)
The dollar’s recent reaction to the turmoil in the Middle East and China’s inflation problem illustrate that we have come to a watershed moment in American history. The decade beginning in 2010 should prove to be the decade in which the U.S. dollar loses its status as the world’s reserve currency. As bad as that blow may be, the loss may provide the shock needed to get our economy back on a sustainable path. The real danger lies in refusing to adapt to the changing environment. Our current economic stewards are acting as if the dollar’s status is written in stone, when in fact it’s hanging by a thread.

>于文静

>

国务院扶贫办政策法规司司长、新闻发言人洪天云在此间召开的新闻通气会上表示,“十一五”期间,国家全面推进统筹城乡发展,坚持以工促农、以城带乡,以大扶贫的工作格局引领扶贫开发。具体来说,主要采取了整村推进、扶持产业化经营、组织劳动力转移培训、移民搬迁、连片开发、对连片深度贫困地区进行集中攻坚等措施。
洪天云介绍说,2010年是金融危机以来全国减贫形势最好的一年。贫困人口从上年的3597万,减少到2688万,减少了909万人。重点县农民人均纯收入从上年的2842元,增加到2010年的3273元,扣除物价因素,实际增长11.2%。
据悉,“十二五”时期,全国扶贫开发将把基本消除绝对贫困现象作为首要任务,把连片特困地区作为主战场。坚持政府主导,以专项扶贫、行业扶贫、社会扶贫为支撑,更加注重转变发展方式、人力资源开发、基本公共服务均等化,并解决连片特困地区贫困问题,努力打好新一轮扶贫开发攻坚战,确保全国人民同步进入小康。

>フェアトレード情報室

>

何が公正なのでしょうか?
それは生産者に支払われるお金です。
安全な方法で作られた農産物を都会の消費者に届ける日本の産直運動でも、 野菜などを作る生産者に支払われる代金は、「再生産可能な価格」、 つまり安全で安心な作物を継続的に安心して作ってもらえる価格を保障しています。
フェアトレードも同じ考え方です。
安全で安心できる物を継続的に生産することができ、生産者が十分暮らしていける価格や賃金を保障しています。
こうして生産者を経済的に支援して彼らが安心して働ける場を作り出し、貧困から抜け出す手助けをすること。
それがフェアトレードの目的なのです。

>Starbucks

>

Fair Trade is an alternative way of doing business – one that builds equitable, long-term partnerships between consumers and producers. There are many definitions of precisely what Fair Trade is, but one that is often agreed upon is the FINE definition:
Fair trade is a trading partnership, based on dialogue, transparency and respect, which seeks greater equity in international trade. It contributes to sustainable development by offering better trading conditions to, and securing the rights of, marginalized producers and workers – especially in the South. Fair trade organizations (backed by consumers) are engaged actively in supporting producers, awareness raising and in campaigning for changes in the rules and practice of conventional international trade.
Many coffee farmers receive prices for their harvest that can be less than the costs of production, forcing them into a cycle of poverty and debt. They are often forced to sell to intermediaries who pay them a fraction of the market price, generally between 10-50 cents per pound.
Fair trade coffee currently sells for a minimum of $1.26 per pound.
This money goes directly to coffee farmers, not to predatory intermediaries.

>Fairtrade Labelling Organizations International

>

Fairtrade is an alternative approach to conventional trade and is based on a partnership between producers and consumers. Fairtrade offers producers a better deal and improved terms of trade. This allows them the opportunity to improve their lives and plan for their future. Fairtrade offers consumers a powerful way to reduce poverty through their every day shopping.
There are two distinct sets of Fairtrade standards, which acknowledge different types of disadvantaged producers. One set of standards applies to smallholders that are working together in co-operatives or other organizations with a democratic structure. The other set applies to workers, whose employers pay decent wages, guarantee the right to join trade unions, ensure health and safety standards and provide adequate housing where relevant.
The minimum price paid to Fairtrade producers is determined by the Fairtrade standards. It applies to most Fairtrade certified products. This price aims to ensure that producers can cover their average costs of sustainable production. It acts as a safety net for farmers at times when world markets fall below a sustainable level. Without this, farmers are completely at the mercy of the market.
When the market price is higher than the Fairtrade minimum, the buyer must pay the higher price. Producers and traders can also negotiate higher prices on the basis of quality and other attributes.

>門倉貴史

>

BRICsと一括りに呼んではいるものの、実は4カ国の間には非常に大きな相違点があります。しかし、まずは共通点を理解してほしいと思います。
①国土が広い
②資源が豊富
③人口が多い
④比較的、政情が安定している
⑤外国企業の誘致に積極的
以上のポイントは、文化的背景や経済状況の違いはあれども4カ国共通です。これらの条件が揃っていたからこそ、4カ国は急速に発展を遂げたわけです。では今後、BRICsはどうなるのか?私は、着実に成長を続け、欧米や日本にとって今以上に重要な地域となっていくことを確信しています。
なかでも特にBRICsの今後の強みとなるのが「豊かな人が続々と生まれて、消費市場として盛り上がってきた」点でしょう。これまで安い労賃で豊富な労働力を駆使できることから、生産市場としての注目度が高かったわけですが、そうして経済成長を実現した成果として消費市場としての魅力が際だってきています。

>Sylvain Allemand, Jean-Claude Ruano-Borbalan

>

… la mondialisation n’affecte pas seulement la sphère économique et financière. Même si l’essor du commerce mondial, la cotation en continu des cours des actions et des devises, les multinationales et les méga fusions-acquisitions en constituent encore tout à la fois les facettes les plus spectaculaires et les principaux moteurs, la mondialisation revêt des dimensions politiques, sociales, culturelles sinon idéologiques, toutes imbriquées même si l’une peut dominer dans une courte période de temps la dynamique du « système monde ».
Parce qu’elle engendre plus d’incertitude, plus de complexité, la mondialisation inquiète, dit-on. Ne menacerait-elle pas l’identité nationale, de la culture aux services publics en passant par la gastronomie? …

>Forum for a new World Governance

>

Today, it is commonplace to say there is a crisis in world governance. As citizens all over the world are fully aware, tensions, conflicts, and wars are persisting, and national, regional, and international institutions are powerless, even when limiting their role to avoiding the permanent deterioration of people’s living conditions and means of subsistence. The conceptual and ideological foundations of existing global institutions are based on international relations among nation-states, referring to an idea of the state that emerged in seventeenth-century Europe. This model makes no sense today unless nation-states themselves are built on new foundations, and their role, operational structures, and methods of interaction with other political structures are redefined.
Throughout the history of humankind, tensions between countries have generated conflicts and wars. In the early twenty-first century, however, the spread of tensions to many areas of the planet and the difficulties in solving them, as well as the unprecedented ecological deterioration due to the interaction of human activities with the biosphere have reached levels that are threatening the very survival of humankind. We do not mean to be Apocalyptic, but, in the catalog of wars launched by states and of examples of dysfunctional management of our global ecology, we should also include the social wars that have broken out more or less openly, revealing an almost permanent demonstration of exclusion and of economic and social inequalities in the low-income districts of towns, both large and small, in every continent. Nor can we ignore the rising power of the networks of organized crime, trafficking drugs and human beings and taking advantage of the absence of strong institutions at every level.

>Arnaud Blin, Gustavo Marin

>

After the fall of the Soviet Union in 1991, there are some who believe that the future of architecture of global politics will require setting up a global-governance system. The global-governance issue is characterized by the shift from a scenario where the power of the states is regulated to avoid disequilibrium and maintain the status quo, to one where international law and the role of international institutions need to be redefined in terms of their real arbitration potential in the management of global problems. To achieve this shift, … rather than dreaming of a hypothetical global democracy or global government, it would be more reasonable to move gradually through the definition of the problems and objectives, in an approach similar to that adopted to build the European Union.

>René Passet

>

Contrairement à ce que l’on entend souvent, ce n’est pas une crise de l’économie que nous vivons aujourd’hui. Mais une crise du système néolibéral. Ce n’est pas un phénomène extérieur qui a provoqué la crise des subprimes en 2008, mais la logique propre à ce système, lancé dans une course en avant de plus en plus folle, qui a conduit à proposer des crédits à des populations de plus en plus vulnérables, malgré les avertissements répétés contre les risques de formation de bulles immobilières. Le dépérissement de ce système demandera du temps. Trop d’intérêts sont en jeu, et vous avez pu constater qu’après quelques ajustements tout a repris comme avant. Les crises, de plus en plus violentes, se reproduiront. Et ceux qui ont pâti du système seront les principales victimes de son effondrement. Mais celui-ci ne se produira que si un nouveau système est en mesure de prendre la place.

>Paul Valéry

>

Toute la terre habitable a été de nos jours reconnue, relevée, partagée entre des nations. L’ère des terrains vagues, des territoires libres, des lieux qui ne sont à personne, donc l’èr e de libre expansion, est close. Plus de roc qui ne porte un drapeau ; plus de vides sur la carte ; plus de région hors des douanes et hors des lois ; plus une tribu dont les affaires n’engen drent quelque dossier et ne dépendent, par les maléfices de l’é criture, de divers humanistes lointains dans leurs bureaux. Le temps du monde fini commence. Le recensement général des ressources, la statistique de la main-d’ oeuvre, le développement des organes de relation se poursuit. Quoi de plus remarquable et de plus important que cet inventaire, cette distribution et cet enchaînement des parties du globe ? Leurs effets sont déjà immenses. Une solidarité toute nouvelle, excessive et instantanée, entre les régions et les événements est la conséquence déjà très sensible de ce grand fait. Nous devons désormais rapporter tous les phénomènes politiques à cette condition universelle récente ; chacun d’eux représentant une obéissance ou une résistance aux effets de ce bornage définitif et de cette dépendance de plus en plus étroite des agissements humains. Les habitudes, les ambitions, les affections contractées au cours de l’histoire antérieure ne cessent point d’exister. — mais insensiblement transportées dans un milieu de structure très différente, elles y perdent leur sens et deviennent causes d’efforts infructueux et d’erreurs.

>WorldMeets.US

>Mexican gangs get the weapons they need to enforce their rule over several Mexican cities South of the US border. US weapons traffickers get money for their “goods” and the drugs flow across the border.

>Christine Monnier

>

Organized criminal organizations have the following traits:

  • They are profit-oriented: Their goal is to make money by supplying illegal goods (such as drugs, weapons, human organs, prostitutes or sex slaves) through criminal means (such extortion, protection, corruption, murder or money-laundering).

  • Most have high longevity: Some criminal organizations have existed for decades if not for centuries.

  • They are organized so as to facilitate criminal activities, such as non-hierarchical and flexible networks.

  • They all use violence at every level of their trade: against competitors, customers, suppliers, officials and even their own member as a form of social control.

  • They engage in corruption of government and corporate officials as well as law enforcement agents

In the context of globalization, not only have traditional criminal networks, such as the Italian Mafia or the Japanese Yakuza adapted to the new political and economic conditions, but new criminal organizations have emerged precisely as a product of globalization capitalizing on the profitability and high demands for new illegal commodities on a global scale.

>Manuel Castells

>

There are three stages involved in money laundering:

(1) The first stage is the placement of the illegal proceeds into the financial system through banks or other financial institutions. Often, criminal organizations use banks located in countries that exercise banking secrecy (they do not disclose financial information to investigators), such as Aruba, the Cayman Islands or Luxemburg.

(2) The second stage is called “layering,” that is, to detach the funds from their illegal source. This can be done by swapping currency (illegal proceeds in US dollars are converted into Euros) or by investing the money into stocks. Thanks to the liberalization of global financial markets, it is easy to transfer vast sums of money all over the world, several times over within seconds.

(3) The third stage is call “integration,” that is, the introduction of the laundered money back into the legitimate economy through various investments. The majority of criminal organizations described above engages directly in money laundering or hire the services of other criminal syndicates to do it.

>Alessandra Dino

>

The globalization and internationalization of mafia-style organized crime represents a key point for scholars and experts in organized crime. The increase of relations between criminal organizations and terrorist international network, the growth and rise of markets, the simplification of transactions, the opportunity to hide money and financial movements in the international area characterize actual criminal scenario. This paper tries to analyse the effects of globalization on mafia criminal activities and their possible connections with international terrorism. An objective of the present work is to pick out new social actors and technological instruments of transnational and national criminal organizations, new border lines between lawful and unlawful conducts and to describe the shifty “grey area” that links markets and interests apart in the past. The aims of this paper are to explore effects of globalization on criminal organization at the local and international level, to identify if and how tradition is combined with innovation in more structured and traditional criminal organizations, and to investigate the effects of the new legislation against transnational crime on the strategy and structure of mafia organizations. At last, this research also reviews possible tools those scholars and justice operators could use to understand and to decode a phenomenon that appears more evasive and invasive than in the past.

Christian Caryl

… the Japanese mob is still very much alive, and parts of it are thriving. But years of recession, forced restructuring and global competition haven’t just changed the way Japan Inc. does business; they’ve also forced Japan’s criminals to adapt. Back when the country’s economy was booming, a hood’s work was fairly predictable: gambling, protection rackets, and maybe a little drug dealing could ensure a comfortable life. But nowadays, in an age of tougher laws, greater competition and a shrinking, aging domestic market, only those gangsters who can change with the times are flourishing; others are growing poor or dropping out entirely. … “They’ve had to write off bad loans. They’ve had to globalize.”
… savvier gangsters were already focusing on growth industries like the bankruptcy business. … gangsters in Japan function like attorneys and arbitrators in the West, settling creditor claims and recovering assets. They’ve also become big investors. After the bubble, American investment companies like Goldman Sachs and Merrill Lynch came in and bought up distressed assets like golf courses. So did the Yamaguchi-gumi.
And the Yamaguchi have proven the most inventive at coming up with new scams. … an affiliated gangster had taken over a tech company that, among other things, was running one of Japan’s leading Web sites for college alumni. … he was planning to sell off the company after hyping its shares. … police arrested two Yamaguchi members over a con involving the abuse of government credit guarantees for small businesses.
Of course, financial manipulation takes a lot of sophistication, but Yakuza 2.0 has become adept at recruiting the necessary talent. …
Then there’s the matter of foreign competition. … media reports about local gangs being squeezed out by rapacious Chinese and Russians. In reality, Japan’s mobsters have usually managed to co-opt outsiders. …
It’s helped the Yamaguchi-gumi that it has more experience operating globally than many Japanese corporations. Indeed, the yakuza were early pioneers of the internationalization of organized crime. The process started when the Japanese tourist industry exploded in the 1960s and ’70s, with the yakuza organizing sex tours and drug deals across Southeast Asia. Nowadays they’re known to work closely with the Russian mafia, buying seafood spirited illegally out of Russian waters and selling it for huge markups in Japan. One new sphere of operations is Uzbekistan, from which the Yamaguchi-gumi has been known to charter direct flights—perhaps to transport Uzbek women for prostitution.

>INHOPE

>

INHOPE is the International Association of Internet Hotlines.

The mission of the INHOPE Association is to support and enhance the performance of Internet Hotlines around the World, ensuring swift action is taken in responding to reports of illegal content making the internet a safer place.

The key functions of the Association are:

  • Exchange expertise
  • Support new hotlines
  • Exchange reports
  • Interface with relevant initiatives outside the EU
  • Educate and inform policy makers, particularly at the international level.

Values

  • Freedom of the Internet.
  • A commitment to positive uses of the Internet
  • Shared responsibility for protection of young people by government, educators, parents and the Internet industry

Goals

  • To establish and support effective national hotlines.
  • To train and support new hotlines
  • To foster ongoing Internet safety awareness and education throughout Europe
  • The establishment of effective common procedures for receiving and processing reports

警察庁

世界的規模で活動する犯罪組織は、世界各地にネットワークやインフラを構築する過程で新たな犯行手口を取り込んでいる。こうした犯罪組織の我が国への浸透は、国内の伝統的な犯罪集団に対して、これらのネットワークやインフラを提供し、新たな犯行手口を知らしめることとなり、「犯罪ビジネスモデル」を再構築させ、新手の犯罪を敢行させかねない。このように、国際犯罪組織の我が国への浸透にとどまらず、国内の犯罪組織の変質をももたらす犯罪のグローバル化は、国内治安の「正面の脅威」となる危険性がある。したがって、この新たな脅威である犯罪のグローバル化に対して、今後、組織の総力を挙げて、的確に取り組んでいくことが求められる。

>Theodore Levitt

>

A powerful force drives the world toward a converging commonality, and that force is technology. It has proletarianized communication, transport and travel. It has made isolated places and impoverished peoples eager for modernity’s allurements. Almost everyone everywhere wants all the things they have heard about, seen, or experienced via the new technologies.
The result is a new commercial reality – the emergence of global markets for standardized consumer products on a previously unimagined scale. Corporations geared to this new reality benefit from enormous economies of scale in production, distribution, marketing and management. By translating these benefits into reduced world prices, they can decimate competitors that still live in the disabling grip of old assumptions about how the world works.
Gone are accustomed differences in national or regional preference. Gone are the days when a company could sell last year’s models – or lesser versions of advanced products — in the less developed world. And gone are the days when prices, margins and profits abroad were generally higher than at home. The globalization of markets is at hand. With that, the multinational commercial world nears its end, and so does the multinational corporation.
The multinational and the global corporation are not the same thing. The multinational corporation operates in a number of countries, and adjusts its products and practices in each – at high relative costs. The global corporation operates with resolute constancy – at low relative cost – as if the entire world (or major regions of it) were a single entity; it sells the same things in the same way everywhere.
Given what is everywhere the purpose of commerce, the global company will shape the vectors of technology and globalization into its great strategic fecundity. It will systematically push these vectors toward their own convergence, offering everyone simultaneously high-quality, more or less standardized products at optimally low prices, thereby achieving for itself vastly expanded markets and proflts. Companies that do not adapt to the new global realities will become victims of those that do.

>Jeremy Page

>

A year after the collapse of the Soviet Union, a cash-strapped Kremlin began selling China a chunk of its vast military arsenal, including the pride of the Russian air force, the Sukhoi-27 fighter jet.
For the next 15 years, Russia was China’s biggest arms supplier, providing $20 billion to $30 billion of fighters, destroyers, submarines, tanks and missiles. It even sold Beijing a license to make the Su-27 fighter jet—with imported Russian parts.
Today, Russia’s military bonanza is over, and China’s is just beginning.
After decades of importing and reverse-engineering Russian arms, China has reached a tipping point: It now can produce many of its own advanced weapons—including high-tech fighter jets like the Su-27—and is on the verge of building an aircraft carrier.
Not only have Chinese engineers cloned the prized Su-27’s avionics and radar but they are fitting it with the last piece in the technological puzzle, a Chinese jet engine.
In the past two years, Beijing hasn’t placed a major order from Moscow.
Now, China is starting to export much of this weaponry, undercutting Russia in the developing world, and potentially altering the military balance in several of the world’s flash points.
This epochal turnaround was palpable in the Russian pavilion at November’s Airshow China in the southern city of Zhuhai. Russia used to be the star of this show, wowing visitors with its “Russian Knights” aerobatic team, showing off fighters, helicopters and cargo planes, and sealing multibillion dollar deals on the sidelines.
This year, it didn’t bring a single real aircraft—only a handful of plastic miniatures, tended by a few dozen bored sales staff.
China, by contrast, laid on its biggest commercial display of military technology—almost all based on Russian know-how.

>Ian Bremmer, David Gordon

>

In the G-Zero, the world’s major powers set aside aspirations for global leadership—alone, coordinated, or otherwise—and look primarily inward for their policy priorities. Key institutions that provide global governance become arenas not for collaboration but for confrontation. Global economic growth and efficiency is reduced as a result.
It’s a new phenomenon in the post-industrial world. For a brief period following the financial crisis, governance of the global economy looked to be handed over to the G20. It was a decidedly messier group than the G7, with a broader agenda and less room for agreement. Still, at least in principle, members shared an overriding interest in the stability of the international system. However much the national interests of members may have differed, G20 leaders shared a willingness to work in concert (or at least to talk the talk) until the world economy stabilized. This was the “rise of the rest” model—a post-American world to be sure, but one where the United States continued to play a guiding role.
G20 cooperation proved a short-lived collective reaction to panic; safety in numbers in the face of imminent disaster. The first indication it wouldn’t last came in Copenhagen a year ago, following a climate summit marked by such disunity that the outcome was worse than if no meeting had taken place. Climate proved a sufficiently low-grade priority in the middle of a hard-fought global economic recovery that the frictions were quickly forgotten. That’s less the case with last fall’s IMF meeting in Washington and G20 meeting in Seoul, which ended with warnings of a global currency war and a return to the national economic barriers of the 1930s. During both summits, the economic strategies of the world’s leading economies were set in opposition to one another.
No new global alignment sits over the horizon. … there’s no near-term Beijing consensus; no development of the BRICs as an effective bloc; and no effective coordination of the “West.”

>ExchangeRate.com

>

Special Drawing Rights (SDRs) are international foreign exchange reserve assets. Allocated to nations by the International Monetary Fund (IMF), a SDR represents a claim to foreign currencies for which it may be exchanged in times of need.
Today, the US Dollar is the world’s primary foreign exchange reserve asset, and SDRs may be little used. Some nations, notably China and Russia (as well as the UN), favor increasing the substance and function of the SDR.
Although denominated in US dollars, the nominal value of an SDR is derived from a basket of currencies; specifically, a fixed amount of Japanese Yen, US Dollars, British Pounds and Euros.
During its creation, it was debated if the Special Drawing Right should be a form of money or a type of credit. Nations, when asked to do so by the IMF, are supposed to purchase SDRs from other nations with weak foreign exchange reserves. As this means that SDR allotments may need to be repaid (although not to the IMF itself), the SDR could be considered a form of debt security. And like debt securities, SDR holdings do accrue interest. However, the SDR is used as a unit of account and is sometimes referred to as a “quasi currency”.

United Nations

The dollar has proved not to be a stable store of value, which is a requisite for a stable reserve currency. …

Developing countries have been hit by the U.S. dollar’s loss of value in recent years. …
Motivated in part by needs for self-insurance against volatility in commodity markets and capital flows, many developing countries accumulated vast amounts of such (U.S. dollar) reserves during the 2000s. …
(… replacing the dollar with the International Monetary Fund’s special drawing rights (SDRs), an international reserve asset that is used as a unit of payment on IMF loans and is made up of a basket of currencies.) …
A new global reserve system could be created, one that no longer relies on the United States dollar as the single major reserve currency. …
A new reserve system must not be based on a single currency or even multiple national currencies but instead, should permit the emission of international liquidity — such as SDRs — to create a more stable global financial system. …
Such emissions of international liquidity could also underpin the financing of investment in long-term sustainable development.

>IMF

>

With effect from January 1, 2011, the IMF has determined that the four currencies that meet the selection criterion for inclusion in the SDR valuation basket will be assigned the following weights based on their roles in international trade and finance:

U.S. dollar 41.9 percent (compared with 44 percent at the 2005 review)

Euro 37.4 percent (compared with 34 percent at the 2005 review)

Pound sterling 11.3 percent (compared with 11 percent at the 2005 review)

Japanese yen 9.4 percent (compared with 11 percent at the 2005 review)

>Stephen Leahy

>Investors from Saudi Arabia have leased large tracts in land in Ethiopia, Senegal, Mali and other African countries amounting to several hundred thousand hectares. “How can African countries hope to have food security by signing long-term leases to foreign interests?” Kuyek told IPS.
When South Korea’s Daewoo Logistics tried to buy 1.3 million hectares, or one-third, of Madagascar’s farmland in 2008, violent protests erupted and the government was toppled. South Korea still has at least a million hectares in long- term leases elsewhere and China 2.1 million ha, mainly in Southeast Asia.
Some of the leases are for 99 years at a one dollar a hectare, but local people “are not eligible for the deals being promoted in countries where millions of people remain dependent on food aid”, said Howard Buffett, a U.S. farmer and philanthropist whose father is Warren Buffett, the well- known billionaire investor.
Howard Buffet reports being offered land deals where African governments promise to provide 70 percent of the financing, all utilities, and a 98-year lease requiring no payments for four years.

>Tony Karon

>

As Western democracies shuffle wheezily forward, China’s economy roars along at a steady clip, having lifted some half a billion people out of poverty over the past three decades and rapidly created the world’s largest middle class to provide an engine for long-term domestic consumer demand. Sure, there’s massive social inequality, but there always is in a capitalist system. (Income inequality rates in the U.S. are some of the worst in the industrialized world, and more Americans are falling into poverty than are being raised out of it. The number of Americans officially designated as living in poverty in 2009 — 43 million — was the highest in the 51 years that records have been kept.)

>Daniel Hannan

>

Britain, Euro-enthusiasts like to tell us, is too small to thrive outside the EU. You need to be part of something bigger to succeed in the twenty-first century. Hmmm. If this were true, surely China would be wealthier than Hong Kong, Indonesia than Brunei, France than Monaco, the EU than Switzerland.
In fact, the wealthiest states in the world tend to be tiny. Now, what was the justification for Euro-federalism again?

>Hervé Hannoun

>

A number of proposals have been floated on ways for the financial sector to self-insure against a future crisis. Work is under way at the IMF on global bank taxation. One-off taxes or levies on the financial sector could be used to repay the taxpayer money used in bank bailouts, or to finance a banking sector resolution fund. This second approach, which was proposed by several leading bankers but is not presently being considered in international forums, poses a high risk of moral hazard. The financial industry should therefore be under no illusion that these taxes could substitute for higher capital requirements.

>Hossein Askari, Noureddine Krichene

>

The two combatants, Paul and Bernanke, have sharply opposite views in ideology and policy-making.
Paul, a well-known libertarian, belongs to a school of thought that rejects Keynesian economics, and abhors fiscal deficits and a government that polices the world. He supports the market mechanism, including for interest rate determination, supports bankruptcies, and dislikes bailouts and moral hazards, advocates the gold standard and a safe and stable dollar, and is critical of the law that banishes the use of gold in domestic circulation.
Bernanke’s approach to economic policy is well known and speaks for itself. As a key policy-maker under the George W Bush and Barack Obama administrations, he was the architect of extremely loose monetary policy that earned him the alias “Ben the helicopter” and has provided the foundation for recent financial developments in the United States, resulting in financial turmoil with a severe recession, unprecedented peacetime fiscal deficits and rising public debt. He is a strong supporter of Keynesian economics and quite relaxed about the dangers of inflation and inflationary expectations. His near-zero interest rate policy has reduced income from savings and distorted prices.

John Foley

A warning sign is the price of traded staples like wheat, corn and rice. Prices shot up in 2010, soaring 26 percent from June to November and brushing the peaks of 2008, according to the Food Price Index kept by the Food and Agriculture Organization of the United Nations. That hits poor countries that import much of their food, including the Philippines, Mexico, Nigeria and Pakistan. …
It isn’t shortages. True, demand for staple grains is predicted to rise 2 percent in 2011, even as production falls 4 percent. But grain reserves run to almost 17 percent of total use, according to Rabobank, which is about the level generally seen as a sensible buffer.
Nor are the main problems population trends or changing eating habits in developing markets. That extra demand may be making the world a bit more crisis-prone, but more productive, mechanized farming methods in China, India and Africa have potential to create some slack.
The main cause looks to be too much money. Governments have effectively printed the stuff to help their economies recover.

>富坂聰

>

中国人はよく収入に関して「白」「灰色」「黒」という三つの色を使って区別する。大雑把に言えば、「白」が給料やボーナスなどの正規収入を指し、「灰色」は副収入、「黒」は賄賂など違法な収入ということになる。だが、日本人のイメージがそのまま通用しないのは、中国社会においては「灰色」のゾーンが極めて広く、かつ普遍的に社会に存在していると考えられることだ。多寡の違いこそあれ、都市生活者のほとんどは何らかの形で非正規の収入を得ているといっても過言ではない。なかでも権力や権限と縁の深い業種や職種にある者は、「灰色収入」が「白色収入」を上回るケースが、むしろ当たり前だと考えられているほどなのだ。

新华社

c1“政府工作报告在提出‘坚决打击取缔非法收入’的同时,首次提出‘规范灰色收入’。我记得我们有工资和工资外收入,是坚决不允许‘灰色收入’的。”全国人大代表、虎山集团董事长张剑星在审议政府工作报告时说。
“我印象里‘灰色收入’都是不好的,红包、回扣,这些就是‘灰色收入’吧?政府工作报告这么写,跟人感觉今后可以送可以收了?”张剑星代表一席话,引起了大家的笑声。
s1涉及到法律问题,坐在张剑星代表对面的全国人大代表、浙江省高级人民法院院长齐奇接过他的话说:“你说的那个收入恐怕有一部分要算‘黑色收入’。”
齐奇代表表示,有些教授出去讲课收点讲课费、明星走穴出去挣点演出费,他没有纳税,但是付出了劳动,收入有合理性,这是“灰色收入”。“这不能说不合理,但是要规范。”
Riu全国人大代表、全国人大法律委员会副主任委员刘锡荣说,行贿受贿是犯罪,可不能说是“灰色收入”,“要不然,大家还要不要反腐败了?”而且,“规范”也不等于就允许,可以收,但是要“阳光化”、要纳税。
刘锡荣代表认为,对于这个民间早就作为习语,但却首次在政府工作报告中亮相的“灰色收入”,“我建议政府工作报告关于‘灰色收入’的表述,要么应该搞个名词解释,避免表述不清,要么就不要写上去。”这话赢得了与会代表们的赞同。

>Nature news

>

The worlds of ancient and modern DNA exploration have collided in spectacular fashion in the past few months. Last week saw the publication of a long-awaited draft genome of the Neanderthal, an archaic hominin from about 40,000 years ago1. Just three months earlier, researchers in Denmark reported the genome of a 4,000-year-old Saqqaq Palaeo-Eskimo2 that was plucked from the Greenland permafrost and sequenced in China using the latest technology.
As researchers compare these ancient genomes with the ever-expanding number from today’s humans, they expect to gain insights into human evolution and migration — with more discoveries to come as they decipher DNA from other branches of the human evolutionary tree. “For the first time, ancient and modern genetic research is going hand in hand,” says Eske Willerslev, whose team at the University of Copenhagen led the Palaeo-Eskimo sequencing project. “It is really a fantastic time.”
Already, analysis of the Neanderthal genome has helped to resolve a debate about whether there was interbreeding between Neanderthals and Homo sapiens: genome comparisons suggest that the two groups mated an estimated 45,000–80,000 years ago in the eastern Mediterranean area. The sequencing study, from a consortium led by Svante Pääbo of the Max Planck Institute for Evolutionary Anthropology in Leipzig, Germany, found that the genomes of non- African H. sapiens today contain around 1–4% of sequence inherited from Neanderthals.

>クォン・ヨンソク

>

3年前にソウルで中国国宝展が開催され大ブームになった。それを見て思った。中国は東アジアの国なんかではなく、イスラムや西洋の文化も融合した文字通りの帝国だったのだ。帝国の基本的性格には、多民族と多文化主義がある。その開放性と多様性が学問、思想、宗教、文化の隆盛をもたらし、それらが混ざり合うフュージョンこそ中国文化の栄華の根源ではなかったか。
そんな「大物」たる中華帝国の子孫たちが、少数民族を弾圧し、民主化運動家を抑圧し、小さな島のことで周辺国と小競り合いをしている。これは、中国人がかつての自分たちの姿を見失い、近代化=西洋化のボタンをかけ間違えたことに起因すると思われる。
近現代において中国は、革命と新しい世界秩序を実現しようと邁進してきた。独立、抗日、革命、社会主義……。中国はよく頑張った。世界での役割は十分果たした。21世紀の中国は、「キャラ」を変えて新しいヴィジョンを提示してもいいのではないか。

>James Daily, Ryan Davidson

>

Every supervillain or supervillain organization worth its salt needs a secret lair, and a location outside the jurisdiction of any government would be ideal. The legal benefits are numerous: no pesky employment laws or civil rights for henchmen, no local police, no taxes. But in the age of air travel and GPS is there anywhere left for a supervillain to set up shop? Here we consider three possibilities: unclaimed land, the high seas, and outer space.
Conclusion: A supervillain with effectively unlimited resources would be best served by a base located in space, probably on the dark side of the Moon. A supervillain with significant but not-unlimited resources might be better off buying a private island or a slice of Bir Tawil, then keeping a low enough profile to avoid attracting attention (and airstrikes).

>Andrew Batson

>

One widely touted solution for current U.S. economic woes is for America to produce more of the high-tech gadgets that the rest of the world craves.
Yet two academic researchers have found that Apple Inc.’s iPhone—one of the most iconic U.S. technology products—actually added $1.9 billion to the U.S. trade deficit with China last year.
How is this possible? Though the iPhone is entirely designed and owned by a U.S. company, and is made largely of parts produced by other countries, it is physically assembled in China. Both countries’ trade statistics therefore consider the iPhone a Chinese export to the U.S. So a U.S. consumer who buys what is often considered an American product will add to the U.S. trade deficit with China.

>火星网友

>

当年投胎选了hard模式,结果生在中国,还好没选very hard,不然生在朝鲜了…
神一样的回复:
选择professional模式,更杯具。生在了阿富汗和伊拉克
Hell模式 埃塞俄比亚,苏丹,刚果,扎伊尔
easy模式大概是在北欧那片吧~normol应该是美日欧
hell模式真情提示:请先完成very hard再尝试
选择hard模式下次投胎有机会获蛋甕Y爱生活eaven模式。
从玩家数量来看,还是玩hard的多啊~
也不一定啊,人家选了Hard模式,加外挂,加加速,神装比那些选择easy模式的裸装备不知道好玩儿多少倍呢

>Marija Gimbutas

>

Trade and communications, which had expanded through the millennia, must have provided a tremendous cross-fertilizing impetus to cultural growth. The archaeologist can infer the existence of far-ranging trade from the wide dispersion of obsidian, alabaster, marble and Spondylus shell. The seas and inland waterways, doubtless served as primary routes of communication, and obsidian was being transported by sea as early as the seventh millennium BC. The use of sailing-boats is attested from the sixth millenia onwards by their incised depictions on ceramics.

Michel Beaud

Tout simplement parce que les transformations de la réalité rendent déjà inopérants, et rendront de plus en plus désuets, les schémas traditionnels de pensée.
L’économie nationale est de moins en moins ce qu’elle était. Elle est de moins en moins close en ses frontières, assise en son territoire, unifiée sous la tutelle de son État. Et pourtant, elle ne se dissout pas, ni ne se disloque : elle mue.
Pour les pays dominants, elle est de plus en plus « expansée » à l’échelle du monde à travers les grands marchés, les réseaux d’informations, de crédits, de paiements, de financement et de spéculation ; elle s’ancre, s’implante, se développe sur d’autres territoires nationaux ; elle devient mondiale (à travers l’international et le multinational) tout en restant nationale. Ainsi se constituent des « économies nationales »… mondiales, ou des économies « nationales/mondiales », bref des « économies mondiales… nationales » (américaine, japonaise, allemande…) ; et dans leur interaction se structure « l’économie mondiale ».

>Paul Valéry

>

Partout où l’esprit européen domine, on voit apparaître le maximum de besoins, le maximum de travail, le maximum de capital, le maximum de rendement, le maximum d’ambition, le maximum de puissance, le maximum de modification de la nature extérieure, le maximum de relations et d’échanges.

>Lord Dunsany

>

In the mists before THE BEGINNING, Fate and Chance cast lots to decide whose the Game should be; and he that won strode through the mists to MANA-YOOD-SUSHAI and said: “Now make gods for Me, for I have won the cast and the Game is to be Mine.” Who it was that won the cast, and whether it was Fate or whether Chance that went through the mists before THE BEGINNING to MANA-YOOD-SUSHAI–none knoweth.
Before there stood gods upon Olympus, or ever Allah was Allah, had wrought and rested MANA-YOOD-SUSHAI.

>Mary Boyce

>

Zoroastrianism is the oldest of the revealed credal religions, and it has probably had more influence on mankind, directly and indirectly, than any other single faith. In its own right it was the state religion of three great Iranian empires, which flourished almost continually from the sixth century B.C. to the seventh century AC, and dominated much of the Near and Middle East. Iran’s power and wealth lent it immense prestige, and some of its leading doctrines were adopted by Judaism, Christianity and Islam, as well as by a host of Gnostic faiths, while in the East it had some influence on the developernent of northern Buddhism. Today external forces have reduced the Zoroastrians themselves to tiny scattered minorities, living mostly in Iran and India; but beliefs first taught by their prophet are still subscribed to by other peoples throughout the world.

>David Harvay

>

Space-time compression:
  • 1500-1840 (best average speed of horse drawn coaches/sailing ships was 10 mph)
  • 1850-1930 (steam locomotives averaged 65 mph; steam ships averaged 36 mph)
  • 1950s (propeller aircraft 300-400 mph)
  • 1960s (jet passenger aircraft 500-700 mph).
These increasing speeds of travel illustrate that in each phase the sense of global space changed; and with a change in the sense of space came a correlative change in the sense of time.

>Johannes Dragsbaek Schmidt, Jacques Hersh

>

Let me begin with a suggestion: That we view “globalization” as a process rather than as a political-economic condition that has recently come into being. To view it this way is not to presume that the process is constant; nor does it preclude saying that the process has, for example, entered into a radically new stage or worked itself out to a particular or even “final” state. But a process-based definition makes us concentrate on how globalization has occurred and is occurring.

>Emmanuel Todd

>

Les pays musulmans sont entrés dans la modernité. Je suis démographe, je remarque une baisse de fécondité très importante dans ces pays. La démographie est une réponse rationnelle à la pauvreté. Au Maghreb, cela passe aussi par l’élevation de l’âge du mariage de la femme. L’alphabétisation est un facteur très essentiel dans cette baisse. La Tunisie et l’Iran sont à 2 enfants par femme, la même chose qu’en France et aux Etats-Unis ! Ces résultats sont très intéressants pour un démographe. L’Algérie n’est pas loin avec 2,5. Il y a une forte interaction entre le Maghreb et la France. Ce lien culturel n’est pas à négliger. On veut lier Islam et fécondité. Les populations musulmanes ont donné leur réponse : rationalité et modernité.

>Sisan Strange

>

The gap between rich and poor is widening. … The gap between big business and small business is widening. … The gap in power and influence between states is also widening. … The open question that remains is about people’s ideas and beliefs. That is always the key to political and therefore economic change. The key questions in international political economy are still the crucial ones. Who wins and who loses? Who benefits and who pays? Who gets new opportunities and who is made to run new risks? …

>John Gray

>

Realism is the only way of thinking about issues of tyranny and freedom, war and peace that can truly claim not to be based on faith and, despite its reputation for amorality, the only one that is ethically serious. This is, no doubt, why it is viewed with suspicion. Realism requires a discipline of thought that may be too austere for a culture that prizes psychological comfort above anything else, and it is a reasonable question whether western liberal societies are capable of the moral effort that is involved in setting aside hopes of world-transformation. Cultures that have not been shaped by Christianity and its secular surrogates have always harboured a tradition of realist thought, which is likely to be as strong in future as it has been in the past.

>Frank J. Lechner, John Boli

>

A global free market presupposes that economic modernization means the same thing everywhere. It interprets the globalization of the economy — the spread of industrial production into interconnected market economies throughout the world — as the inexorable advance of a singular type of western capitalism: the American free market.
The real history of our time is nearer the opposite. Economic modernization does not replicate the American free market system throughout the world. It works against the free market. It spawns indigenous types of capitalism that owe little to any western model.
The market economies of east Asia diverge deeply from one another, with those of China and Japan exemplifying different varieties of capitalism. Equally, Russian capitalism differs fundamentally from capitalism in China. All that these new species of capitalism have in common is that they are not converging on any western model.
The emergence of a truly global economy does not imply the extension of western values and institutions to the rest of humankind. It means the end of the epoch of western global supremacy. The original modern economies in England, western Europe and north America are not models for the new types of capitalism created by global markets. Most countries which try to refashion their economies on the model of Anglo-Saxon free markets will not achieve a sustainable modernity.