It appears that when US economists begin talking about Globalization; they seldom take externalities or boomerangs into consideration. I am not an Economist, but I believe in my humble professional opinion that US companies never measured the impact of the boomerang concept within our current situation. Yes a boomerang, that curve piece of wood that when is thrown usually come back to the initial position, so can be either a weapon, but can also hit you on the way back.
I remember years ago in my Catholic High School when the Christian Brothers (or Hermanos, how we use to call them) used to say, “you need to see how the teenage kids in US and Japan handle computers, so you better engage on the computing era”.
Many years have passed by and I have seen many countries and their reaction to this idea, either in the culture and educational systems, which are not totally true, many friends and colleagues of mine are not the most PC literate professionals in the world.
This example just tries to show how 1st world countries try to push the Global concept with-out preparing their own work force. It was defiantly easier open manufacture plants with cheap labor force than redesign their own to be more productive, or create national campaigns to understand how to repeal the backfire of Global Markets.
Now while living in the US and seen how many white and blue collars jobs are disappearing, the way to follow is kind of simple we have to reengineer the concept of global companies. So all the US companies that are based domestically which produce overseas, and want to sale their products in a STRONG MARKET (Term that I may don’t like to use considering the actual economy) may still survive and created jobs here. Many will think that this is simple barking by someone that may be displacing by the economic turndown, but I know that many people think the same.
So what should we do???
Along the lines of Dr. Frankenstein; should we destroy the monsters? or can we make this monster still be a beautiful creation??. In one simple dish Globalization is a beautiful monster created by developed economies, something like Rosie the Robot maid in the Jetsons, possible way to make our lives a little bit more comfortable.
I’m totally in favor of Global markets, Cross Cultural relations, to the point that I support the idea that Ambassadors are not the ones that run a Foreign mission overseas, the real boss is the Deputy Chief of Mission (Chargé d’Affaires, o Encargado de Negocios). Sorry ambassadors but one of my professors in Spain would often state “Ambassadors just serve the table to do business”.
So while avant-garde countries try to clean the house with tax relief programs, with high increase in government expenditures, with more regulations in the financial markets and housing, they also have to keep pushing their citizens to acquire skills that allow them to stay competitive in this Global Market.
On the other hand those developing countries that have exhausted their resources and use their cheap labor better stay ahead may think that solutions are already in place, and the responsible for all this nightmare is the neighbor with a better and bigger house, be careful while the Monster created by Dr. Frankenstein dies in the North Pole, there are still other monsters that haven’t shown their teethes.
These others monsters could be in the figure of lack of adaptation to the new dynamic, false political leadership and simply the myth of “Don’t worry we have always been a poor country so bad economy doesn’t hurt us”.
Cuidado por alli puede venir el lobo!!!.
Carlos M. Baldo.
