I guess I'd have a slightly different answer. The autocentric economy
seems derivative of the postwar import-substitutionist economy, which
nobody is really doing much of anymore. Deregulation is happening almost
at gunpoint. Manufacturing is becoming unambiguously more global.
On the othe
At 09:47 AM 5/5/97 -0700, Jim Devine wrote:
>Wojtek Sokolowski writes that:>> Rising consumption is but a shorthand for
>economic growth, so the real question is how can the growth be maintained
>without the accompanying change in its traditional Keynesian corelate --
>employment/real wage increas
I wrote: >In terms of my research, what's happened is a shift from the
"labor scarce" economy of especially the 1960s, where exuberant growth
pulled up wages relative to productivity, to a "labor abundant" economy
where this doesn't happen, as in the 1920s. (I'm sorry about the
scarce/abundant dic
William S. Lear wrote:
>I don't know if this will but muddy the waters, but William Greider
>recounts a tale similar to Bill Rosenberg's in his _One World, Ready
>or Not_, but the target of the speculation was the Bank of England.
>George Soros had some fun with them a while ago. I do believe he
Perhaps it's best to all keep our eschatological opinions to ourselves, but
I certainly would take some comfort (as would others at my institution!) in
knowing brother Karl is among the communion of saints.
This actually reminds me of a scene as a college student working in Mexico
for a summer,
On Mon, 5 May 1997, James Devine wrote:
> the point is that the US economy has changed and is changing,
> seemingly at an accelerated pace (whereas you had something like that the
> role of exports was stable).
My pocket almanac figures tell a different story (sorry, they don't have
GDP
Sid, let me start from a different vantage point rather than respond bit
by bit, hopefully for the sake of clarity. I agree that there is massive
global consolidation in telecom, perhaps more than in any other sector.
I agree that competition may be becoming more intense in the local
market
I wrote: >The simple index [ of openness for the US] rises, steadily but
with a steepening curve, from 4 per cent in 1959 to over 12 per cent in
1996.<
Tavis replies>>Which is to say, not much, relative to the rest of the
world.<<
agreed, but the point is that the US economy has changed and is
On Friday, April 25, an emergency meeting of the General Assembly
of the United Nations passed a resolution condemning the
construction by Israel of a new settlement at Jabal Abu Ghneim in
East Jerusalem and all other illegal Israeli actions in all the
occupied territories. The vote was 134 in fa
In the same week that Russia and China issued a joint statement
calling for a "multi-polar world," German Chancellor Helmut Kohl
met with President Boris Yeltsin to hammer out disagreements they
have on the NATO alliance in Europe. Following the meeting, on
April 18, Karlheinz Hornhues, Chairman
Tavis, let's go through this slowly:
"It is in this sense that I am calling much of telecommunications local
(though you're right, I hesitated before putting it in there):
Hardware services [?] must be provided locally. Consumers must choose
between local providers, regardless of who owns th
>Marshall Feldman wrote:
>
>>Perhaps one should go back before 1980. Most arguments re. globalization
>>allude to a transition in the SSA/MSR c. 1969. So comparing 1960 and
>>1997 might be more to the point.
>
>What then becomes the non-globalized Other of this model? The crisis years
>1929-45?
On Mon, 5 May 1997, James Devine wrote:
> I don't know. I calculated the degree of "openness" or globalization of the
> US economy (which is simply the average of imports and exports divided by
> gross domestic product; development economists use this kind of measure of
> openness all the time)
On Mon, 5 May 1997, D Shniad wrote:
> Unless I misunderstand what it is you're arguing, Tavis, I think you're
> dead wrong. Telecommunications is based on local markets? There was a
> piece in the LA Times recently about the big North American telecom
> companies making an unprecedented move o
(I know I should be grading term papers, but they're so bad...)
Tavis writes:>>I guess I'd have a slightly different answer. The
autocentric economy
seems derivative of the postwar import-substitutionist economy, which
nobody is really doing much of anymore. Deregulation is happening almost at
g
Tavis says>
>
> On the other hand, the growing service sector is largely based on
> local markets: Health care, retail and wholesale trade, transportation,
> telecommunications.
Unless I misunderstand what it is you're arguing, Tavis, I think you're
dead wrong. Telecommunications is based on
At 10:09 AM 5/5/97 -0700, you wrote:
>Doug asks: what is the opposite of globalization?
>
>To my mind, the opposite of globalization is the autocentric economy, where
>(on the level of the economy as a whole, not for individual capitalists)
>wages are treated as a source of demand and most investm
Just after AT&T announced the lay off of 40,000 workers, James Meadows,
a vice presidents for human resources, responsible for the policy,
explained:
##In AT&T, we have to promote the whole concept of the work force being
contingent, though most of our contingent workers are inside our walls.
Jo
I said "The longer the boom, the longer the 'real economy' is fragile." I
meant to say that "the MORE the real economy is fragile."
BTW, I am not predicting an instant replay of the Great Depression (though
that scenario seems more likely that when I wrote my 1994 RPE article). The
US and world e
Doug asks: what is the opposite of globalization?
To my mind, the opposite of globalization is the autocentric economy, where
(on the level of the economy as a whole, not for individual capitalists)
wages are treated as a source of demand and most investment goods are
purchased domestically. This
On Mon, May 5, 1997 at 09:01:56 (-0700) Doug Henwood writes:
>Rosenberg, Bill wrote:
>
>>An interesting example from New Zealand: a U.S. Bankers
>>Trust dealer, Andrew Krieger, claimed that in late 1987
>>he "played" several hundred million - possibly as much as
>>a billion - New Zealand dollars a
Doug Henwood wrote:
So the question isn't really "globalization" vs. its
> still-unspecified opposite, but the terms on which the country engages with
> the outside world.
Yes, yes, yes. But, please, someone tell me how a country can set the
terms. What power does a New Zealand, let along a
Wojtek Sokolowski writes that:>> Rising consumption is but a shorthand for
economic growth, so the real question is how can the growth be maintained
without the accompanying change in its traditional Keynesian corelate --
employment/real wage increase. The jobless growth seems to be a new reality
BLS DAILY REPORT, FRIDAY, MAY 2, 1997
RELEASED TODAY:
EMPLOYMENT SITUATION -- Unemployment declined in April, and
nonfarm payroll employment rose modestly. The nation's jobless rate
fell from 5.2 to 4.9 percent. The number of payroll jobs rose by
142,000 in April, and average hourly ear
BLS DAILY REPORT, THURSDAY, MAY 1, 1997
Alaska and the District of Columbia registered the highest
unemployment rates in the nation during March, with both showing a 7.8
percent rate, BLS reports (Daily Labor Report, page D-21).
Economic growth shot up at a much stronger-than-expected 5.6
BLS DAILY REPORT, WEDNESDAY, APRIL 30, 1997
RELEASED TODAY: Most state unemployment rates showed little change in
March, as 45 states recorded shifts of 0.3 percentage point or less.
The national jobless rate was about unchanged at 5.2 percent.
Nonfarm employment rose in 44 states in March
My posts on this are going to be constrained by this
being a out-of-worktime activity for me (see my
signature) despite the topic being close to my heart.
Here's a few comments on the messages that have flown by
since my last. Sorry if it's a bit long - it's quicker
for me that way!
1. Doug Henwo
Wojtek Sokolowski wrote:
> The jobless growth seems to be a new reality
Where? Not in the U.S., certainly. Certainly not in East Asia. Western
Europe has no growth, so it doesn't count. Ditto a lot of the former
socialist world. Where is this jobless growth happening? I'm desperate to
know.
Do
Rosenberg, Bill wrote:
>An interesting example from New Zealand: a U.S. Bankers
>Trust dealer, Andrew Krieger, claimed that in late 1987
>he "played" several hundred million - possibly as much as
>a billion - New Zealand dollars against New Zealand's
>currency, leading to a fall by 10% of the val
At 07:02 PM 5/2/97 -0700, June Zaccone wrote:
>I have been wondering why consumption has kept up so well despite
>stagnant or falling wages for the overwhelming majority of workers. (Of
>course, rising debt ratios have helped.) An interesting insight comes from
>the Chase Financial Digest:
>
>
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