Monday, March 15, 2010


One of the assignment that I have to deal with next week is presenting the economic dimension of globalization. It is assigned to me about a month ago, but I find it extremely difficult since economy sounds Greek to me. Another thing, I dont like numbers, in fact I hate numbers and I begin to stronly believe that the more you hate something or somebody, the more you have to deal with it.

The article, written by Paul Bairoch, is full of numbers. It's a historical trajectories and he analyzes a series of data on international trade to see the long term impact of them. I am quite lucky that two friends of mine happen to major in economy and expert in the area of finance. So they explain the economy theory on international trade as a background for me to read the article.

Bairoch notices the increase of GDP commencing as of pre world war 1 up to the 1996. However those number represent the economy of the developed countries, which represent only 15% of the total population. 85% of them are obliterated from the discussion of growth. Aside from the noted increase that has been recorded by the developed countries, they have entered a negative phase of the economic, especially social plains. Bairoch mentioned 6 characteristics of which I quoted only three major ones: a growing inequality in the distribution of revenue, greater employment instability, a more negative evolution in unskilled labor conditions; lower salaries and loss of jobs.

The numbers have succeeded in creating the myth of growth, whereas behind them there are reality that goes to the opposite direction. In the end, I have every reason to dislike numbers though the more I dislike it the more they stick with me. One last request, Wish me luck with my presentation, that's all I need for the time being !!!

No comments: