"every country that has been successful has managed to leverage globalisation with a domestic strategy.
It’s always been a combination of a solid domestic growth strategy alongside the forces of globalisation.
It is a careful, managed kind of globalisation that has worked.
The countries that have simply opened themselves up to world trade and finance without a complementary growth strategy at home haven’t done that well "
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free range trans border corporations want free fire zones in emerging regions
vide
romers neo hanseatic fantasy
so its eclectic social liberal/social democrat dani R
versus
the flying fleet of trans nats
a very uneven combat
and then dani
lets the PRC shine
"...without globalisation China wouldn’t have been able to grow as rapidly as it did.
But China is not a simple story of letting globalisation work its magic.
They, in fact, have opened up very gradually, very carefully and always after having established strengths in their domestic economy.
It was on the basis of their domestic industrialisation that they progressively opened up to international trade and when they opened up to trade it was very partial too.
It wasn’t ‘Let all the tariffs come down!’ It was through special economic zones, so only in parts of the country.
They protected their state-owned enterprises so there wouldn’t be large-scale unemployment.
They made sure foreign investors would transfer technology to their domestic counterparts.
They entered the WTO relatively late, only after they had already become a manufacturing powerhouse.
With respect to international finance, to this day they have capital controls, they prevent free inflow of capital and they’re intervening heavily to make sure that they have a very competitive currency – which effectively subsidises their exports and their manufacturing industry.
So China has had a combination of highly interventionist domestic policies to diversify and develop its industries alongside a policy of export-orientation and taking advantage of globalisation.
This combination has been key.
Other countries that have tried to take advantage of globalisation simply by lowering their barriers to trade and letting their capital flow freely such as the Latin American countries since the 1990s have actually done relatively poorly. "
but dani
might not democracy ie bourgeois liberal systems of democracy
PREVENT the han strategy ???
if trans nats can lever in the pluralistic open society state system
to "run and regulate"
an emerging national markeyt system
whither industrial policy ??
whither " credit/capital" management ???
