The Trump administration fancies the use of protectionist measures to boost production and employment in the U.S., to the detriment of other countries if need be. Such interference with economic globalization wouldn't just infringe on prosperity. It would probably also rekindle old and new political conflicts.
The combination of four factors, globalization, outsourcing, automaton, and the increasing adaptation and use of artificial intelligence is taking a growing toll on the low-income and middle-class sections of the society in developed countries, which is prompting the debate for the introduction of universal basic income.
America may be moving from a fact-based era to a faith-based era. Such a transition is nothing new; it has happened at least a couple of times already in the history of Western civilization. After the logic and science of the ancient Greeks and the technology of the ancient Romans, Europe moved into the faith-based Dark Ages.
We in Canada, along with many other people around the world, did not get to vote in the recent American election -- yet we are meant to suffer the international consequences of it. Shall we sit back, as usual, and watch events unfold, including the possibly catastrophic effects of climate change left unchecked?
Many Western countries have followed a policy of neoliberalism for the last few decades. A combination of privatization, deregulation including financial deregulation, free trade and globalization characterize neoliberalism. Neoliberalism has been a boon for global economic growth; both developed and developing countries have benefited from neoliberalism in terms of high economic growth.
Monsanto is now very much embedded in India. It has even been called the 'contemporary East India Company' and says GM food is necessary to feed the world's burgeoning population. Such claims are hidden behind a veil of humanitarian intent, which is easily torn away to expose self-interest. India does not need GM to feed itself and no false argument or regulatory delinquency to force them in can disguise this.
Jamilah Taib Murray founded Sakto Corporation, one of Ottawa's foremost property development and management companies. She is a long-time philanthropist with a particular dedication to fostering education for women and children, and female empowerment through promoting participation and leadership skills building
Over the decades anyone who's a mover or shaker, along with those wishing to be, appear in Davos in a fascinating attempt at reading the global tea leaves. We know who they are and their ranks have grown to include celebrities -- actors, singers, authors -- who mix with the traditional grouping of financiers, politicians, and non-profit leaders.
Globalization has brought significant benefits to the global economy, including developed countries' economies. However, it has led to decrease in the manufacturing base and employment in Canada and the US. If policies that require local content are introduced, it could boost employment in the manufacturing sector.
Countries pledging to take serious action on climate change are also party to, or are aggressively negotiating, trade and investment deals that contain a mechanism that gives large corporations the right to challenge any changes to the current rules under which they operate -- be they environmental, health or human rights -- that negatively affect corporations' bottom line. ISDS essentially grants corporations equal status to governments in these negotiations and privatizes the dispute settlement system between nations.
As Canada celebrates Labour Day weekend, there are important questions concerning Gandhi's premise that we must begin asking ourselves. For example, how do we deal with a world of wealth without work? Upon entering an era of ironies, we find ourselves forced to deal with some increasing contradictions -- employability replaces employment, people without jobs, jobs without people, numerous part-time jobs replacing full-time ones, employment numbers going down because people have stopped looking for work altogether.
This week, ministers from 12 countries representing 40 per cent of the world's economy will meet to discuss the Trans-Pacific Partnership, one of the largest trade agreements ever. As talks are rushed to conclusion, Canada is still fighting to have its supply management system excluded from the deal. We wish the government well in its quest to protect supply management, but we wish it would go to bat for other core Canadian values and industries. Unlike our European and even American counterparts, Canadian discussion on the TPP has been limited to chickens, eggs and milk.
A weaker Canadian dollar poses a threat to imported inputs to Canada's production machine, and to future Canadian investments abroad. But the soaring U.S. dollar isn't the only currency in play. Movements in other currencies are less dramatic. Perhaps this is an opportunity to scan the globe both for inputs to our production process and for direct investment undertakings in less-traditional markets.