Globilisation is Good

He goes to several foreign counties. He even goes to a Nike sweatshop in Vietnam and dispels several myths on the topic. If you want to see human potential and real human progress in action, watch this documentary!

Completely unrelated: Google Videos is shutting down around May 13th, so if there are particular videos you would like to keep, you should either find or upload them on Youtube.

nice video...pretty interesting to see the potential of some of these countries. african ETFs ftw?

I watched the first 5 minutes and it seems to be pretty retarded. He says "Sweden embraced globalization, and look at how wealthy we are today". WTF! Yes the U.S. has also embraced globalization and companies are outsourcing labor to India and China, look at how that's working out for the American worker. In the medium term, Globalization will always cause some people to be better off, and others to be worse off.

This video ignores any type of serious economic analysis. After Sweden he cites Taiwan. But he doesn't mention that Taiwan received billions of $ in aid from the U.S. to develop their economy, and look at how tiny of a nation it is.

Are you European?

Aren't countries like Sweden, Estonia, etc. supposed to be the natural benefactors of Globalization? Its the countries lacking in natural resources or human capital trading with countries such as those listed above where globalization is best suited. Countries who willing to purchase finished goods or services from such countries, but also maintain the ability to produce it themselves at a competitive cost do not really gain anything from a globalization. They do however benefit from a global economy, but only b/c they lack the competitive advantage another country possesses. The security is they maintain the capacity to produce on their own, what they trade for in a global economy which keeps prices in check. The examples are an isolated few, but the U.S and China are two that immediately come to mind and happen to represent the world's two largest economies.

A global economy exists and as it benefits a country to participate and as long as they have something to offer there will always be a willing buyer. Globalization is good for countries who cannot self sustain and maintain competitive growth without foreign resources. Service economies more specifically. The EU is a good example. For the U.S. and others... that's a tough sell, but as long as there is a foreign service or good at a cheaper price there will be a global economy. However, there will always then the matter of politics and likewise there will always be countries like those in Africa. Unless warlords are stricken with a sudden attack of conscience.