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27-Feb-08

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16-Feb-08

Good old globalization

13-Feb-08

This post at Foreign Policy quotes an old remark by Tyler Cowen to the effect that

The more globalized parts of Mexico — most of all the north — have done extremely well since NAFTA passed. The biggest problems remain in the least globalized parts, most of all the south and big chunks of the interior.

One hears this kind of thing a lot, and I think it’s pretty silly. For one thing, if NAFTA opened up Mexico to imports of very cheap (thanks to US government subsidies) corn and these imports undermined the market for corn produced in the South - doesn’t that mean the South is feeling negative effects from globalization? Or are we only meant to ascribe positive effects to globalization? And since I thought we were meant to be down on methodological nationalism these days, does the term ‘globalization’ actually mislead if it labels trade links that (sometimes barely) cross national borders as more significant than trade links (probably deeper and maybe even longer) within national borders? And yes, I’m aware of the implications of this line of thinking for anti-trade scaremongering too.

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03-Feb-08