APRIL 24, 2000
APRIL 24, 2000 ISSUE
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The Auto Beat
Byte of the Apple
Eye on Asia
The New Entrepreneur
NEXT: Innovation Tools & Trends
Technology at Work
The Tech Beat
Car Care & Safety
Hot Growth Companies: 2008
Info Tech 100
Rankings & Profiles
DATA: Business Week
The Pros and Cons of Globalization
Backlash: Behind the Anxiety over Globalization
COVER IMAGE: Backlash: Behind the Anxiety over Globalization
TABLE: The Pros and Cons of Globalization
TABLE: BW/Harris Poll: Globalization: What Americans Are Worried About
Does Anybody Love the IMF or World Bank?
TABLE: What Protesters Want
Acid Words for the IMF
ONLINE ORIGINAL: Globalization Threatens Workers, Thrills Investors
ONLINE ORIGINAL: Are Protesters Going About It All Wrong? (Video)
-- Productivity grows more quickly when countries produce goods and services in which they have a comparative advantage. Living standards can go up faster.
-- Global competition and cheap imports keep a lid on prices, so inflation is less likely to derail economic growth.
-- An open economy spurs innovation with fresh ideas from abroad.
-- Export jobs often pay more than other jobs.
-- Unfettered capital flows give the U.S. access to foreign investment and keep interest rates low.
-- Millions of Americans have lost jobs due to imports or production shifts abroad. Most find new jobs--that pay less.
-- Millions of others fear losing their jobs, especially at those companies operating under competitive pressure.
-- Workers face pay-cut demands from employers, which often threaten to export jobs.
-- Service and white-collar jobs are increasingly vulnerable to operations moving offshore.
-- U.S. employees can lose their comparative advantage when companies build advanced factories in low-wage countries, making them as productive as those at home.
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