O Intermitente<br> (So long, farewell, auf weidersehen, good-bye)

O Intermitente
(So long, farewell, auf weidersehen, good-bye)

quarta-feira, agosto 27, 2003

GLOBALIZATION: The Myth of the Race to the Bottom

"The current debates over economic globalization have produced a seemingly simple and intuitive conclusion: Unfettered globalization triggers an unavoidable "race to the bottom" in labor and environmental standards around the world...

...The race-to-the-bottom hypothesis appears logical. But it is wrong. Indeed, the lack of supporting evidence is startling. Essayists usually mention an anecdote or two about firms moving from an advanced to a developing economy and then, depending on their political stripes, extrapolate visions of healthy international competition or impending environmental doom. However, there is no indication that the reduction of controls on trade and capital flows has forced a generalized downgrading in labor or environmental conditions. If anything, the opposite has occurred.

...The "race to the bottom" in global labor and environmental standards has captivated journalists, politicians, and activists worldwide. Why does this myth persist? Because it is a useful scare tactic for multinational corporations and populist agitators peddling their policy wares...

P.S. Tentarei escrever um post sobre o mito do capitalismo selvagem no sec. XIX, que me parece que tem muito a ver com esta questão...será um post resumo do livro editado por Hayek "Capitalism and the Historians".

posted by Joao 3:40 da manhã

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"A society that does not recognize that each individual has values of his own which he is entitled to follow can have no respect for the dignity of the individual and cannot really know freedom."

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