Hmmm, but strong arguments can be made that the amount of people “pulled out of poverty” is far lower than it would be had capital “G” Globalization not occurred at all, and that most people in most all countries are worse off than they otherwise would be, and, in with a cosmic level irony, there is much less international trade than there otherwise would be had the “free trade” deals not occurred. Even within capital “G” Globalization’s own oversimplified terms, such as the global real GDP growth rate which began to decline as our current system went into effective and declined further an further still as it its phases of installation were reached.
if capital "G" Globalization had not come into being around the year 1980, then most people in most countries in the world would be better off because of the demand destruction effects it caused by pursuing concepts such as "planetary divisions of labor," among other things. Additionally, the financialization that occurred sucked investment out of the real economy and had predatory effects on many developing countries. Despite being developing countries, many African nations were effectively plunged into a process of de-industrialization in the 2000s and 2010s. Technology, such as GPS, telecommunications for operations management, port automation, and containerization, is mostly what led to the increases in real trade that we saw during some periods since 1980. Much of the rest was from one-off offshorings, and most of what happened in China would have happened anyway and was also responsible for much of the trade due to its commodities demand. And a big thing is that we ironically have less trade than we would have had we not had this system that gave us all these so called “trade deals” as demand is the final source of trade and all the financialization, national economic de-diversifications, and de-industrializations have lowered the rates of development and, in some cases, actually reduced countries or large areas of countries' states of development which means there much less demand. Also, we have much less scientific and engineering research and development because there are far fewer firms than there otherwise would be, and those firms also exist in a much less competitive market than there otherwise would be.
Hmmm, but strong arguments can be made that the amount of people “pulled out of poverty” is far lower than it would be had capital “G” Globalization not occurred at all, and that most people in most all countries are worse off than they otherwise would be, and, in with a cosmic level irony, there is much less international trade than there otherwise would be had the “free trade” deals not occurred. Even within capital “G” Globalization’s own oversimplified terms, such as the global real GDP growth rate which began to decline as our current system went into effective and declined further an further still as it its phases of installation were reached.
if capital "G" Globalization had not come into being around the year 1980, then most people in most countries in the world would be better off because of the demand destruction effects it caused by pursuing concepts such as "planetary divisions of labor," among other things. Additionally, the financialization that occurred sucked investment out of the real economy and had predatory effects on many developing countries. Despite being developing countries, many African nations were effectively plunged into a process of de-industrialization in the 2000s and 2010s. Technology, such as GPS, telecommunications for operations management, port automation, and containerization, is mostly what led to the increases in real trade that we saw during some periods since 1980. Much of the rest was from one-off offshorings, and most of what happened in China would have happened anyway and was also responsible for much of the trade due to its commodities demand. And a big thing is that we ironically have less trade than we would have had we not had this system that gave us all these so called “trade deals” as demand is the final source of trade and all the financialization, national economic de-diversifications, and de-industrializations have lowered the rates of development and, in some cases, actually reduced countries or large areas of countries' states of development which means there much less demand. Also, we have much less scientific and engineering research and development because there are far fewer firms than there otherwise would be, and those firms also exist in a much less competitive market than there otherwise would be.