Saturday, 3 November 2007

Is globalisation good for you?

Well, I suppose it depends on who you are ... but generally the answer is yes. Since economic globalization started in the 1980s, resources have shifted to sectors with competitive advantages; productivity has reached new heights, and innovation has flourished.

In the US, trade now supports nearly one in every five jobs and ....
workers in globally engaged companies earn more than the average;
globalisation has generated an increase in annual income of approximately $10,000 for each American household.

American workers are generally higher-skilled then they were; they achieve greater levels of specialization; and they have become more competitive.

The US seems to have benefited .... anyone want to note any nations that are 'in the red'?

No comments: