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GLOBALIZATION misguided views

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GLOBALIZATION misguided views

GLOBALIZATIONMisguided Views*>■CARLOS OBREGÔNhttps://khothuvien.cori!INDEXINTRODUCTION7THE ICT REVOLUTION AND ECONOMIC DEVELOPMENT18NATIONALISM AND C1

GLOBALIZATION misguided views 1L1NGES INTHF INCOME DISTRIBUTION86A NEW LOOK AT THE 2008 CRISIS1 65THF ICT REVOLUTION ANDHIE INTERNATIONALECONOMIC ORDER225POLICY ALTERNATE ES 1 OR D

EV ELOPEDAND DEV ELOPING COUNTRIES265ANNEX295BIBLIOGRAPHY302[5]INTRODUCTIONScience is about finding the fundamental causes of social events. Today, th GLOBALIZATION misguided views

e world is in an evident disarray; many things seem to have gone wrong at once. Various topics: terrorism, drug trafficking, money laundering, black a

GLOBALIZATION misguided views

ccounts; financial crises, income distribution, global coordination; or the social angriness and growing anti migration —nationalistic protec tionist—

GLOBALIZATIONMisguided Views*>■CARLOS OBREGÔNhttps://khothuvien.cori!INDEXINTRODUCTION7THE ICT REVOLUTION AND ECONOMIC DEVELOPMENT18NATIONALISM AND C1

GLOBALIZATION misguided views nderstand, in order to be able to cope with its consequences. We are living a technological revolution that, in many ways, surpasses the so called Ind

ustrial Ixrvolulioiis. particularly because of the speed at which it is bringing change.In these pages, we defend that institutions have not yet adapt GLOBALIZATION misguided views

ed to the new world that this technological revolution has brought about. Today’s inadequate institutional arrangements arc sustained by old concepts

GLOBALIZATION misguided views

or economic theories and ideas that no longer work as they did before. This mismatch between the new technological world and the old institutions expl

GLOBALIZATIONMisguided Views*>■CARLOS OBREGÔNhttps://khothuvien.cori!INDEXINTRODUCTION7THE ICT REVOLUTION AND ECONOMIC DEVELOPMENT18NATIONALISM AND C1

GLOBALIZATION misguided views e arc facing.2The booms in the real estate and stock markets.3The low level of inflation and the decline in long term interest rates.4The spread of na

tionalism and protectionism in developed countries —that brought, consequently, Brexit and Donald Trump winning in the USA elections.5The success of a GLOBALIZATION misguided views

nti-migration policies.6The fast growth of China -a dictatorial communist country that did not follow the recommendations of the international governa

GLOBALIZATION misguided views

nce economic institutions— and the nil growth of Mexico that did follow such recommendations.7The deterioration in the income distribution in many cou

GLOBALIZATIONMisguided Views*>■CARLOS OBREGÔNhttps://khothuvien.cori!INDEXINTRODUCTION7THE ICT REVOLUTION AND ECONOMIC DEVELOPMENT18NATIONALISM AND C1

GLOBALIZATION misguided views nd black accounts.10The increase in criminal activities like weapons, human and drug trafficking.11The increase in terrorism.As Tborstein Veblen taugh

t US, a social institution consists of both: a conceptual system and the actual institutional arrangement, which instruments the social concepts1. Ins GLOBALIZATION misguided views

titutions change at the technological level (like in Veblen’s and Marx’ thought) as well as at the social and con ccptual levels. Ideas and social eng

GLOBALIZATION misguided views

ineering are relevant for institutional dynamics as Nobel price Douglas North has shown2.The thesis presented here is that our global ideas and social

GLOBALIZATIONMisguided Views*>■CARLOS OBREGÔNhttps://khothuvien.cori!INDEXINTRODUCTION7THE ICT REVOLUTION AND ECONOMIC DEVELOPMENT18NATIONALISM AND C1

GLOBALIZATION misguided views puting and data storage costs have decreased astronomically the Ĩ. Transmission advances have improved communication beyond be lief the c. Likewise, t

he technology of new work place organizations and working methods have changed dramatically the T. However, our ideas and our social engineering lagge GLOBALIZATION misguided views

d behind. Ideas are important be cause they guide the future changes of our social institutional arrange incuts. Today’s ideas relate to informational

GLOBALIZATION misguided views

sets belonging to the past and, as consequence, we have an erroneous image of the world3 (as Kenneth Boulding wrote in 77/r Image). In normal times,

GLOBALIZATIONMisguided Views*>■CARLOS OBREGÔNhttps://khothuvien.cori!INDEXINTRODUCTION7THE ICT REVOLUTION AND ECONOMIC DEVELOPMENT18NATIONALISM AND C1

GLOBALIZATION misguided views ges happen, the process can be very disruptive as it occurs today.

GLOBALIZATIONMisguided Views*>■CARLOS OBREGÔNhttps://khothuvien.cori!INDEXINTRODUCTION7THE ICT REVOLUTION AND ECONOMIC DEVELOPMENT18NATIONALISM AND C1

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