Globalization and Measurement Conference

Posted by: Michael Mandel on November 05

I’m about to go down to DC to attend this conference (I’m giving the after-dinner remarks as well)

Measurement Issues Arising from the Growth of Globalization

This is a very important conference as we try to figure what is *really* going on in the U.S. economy. I’ll be writing more about it.

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Reader Comments

feral

November 5, 2009 10:51 AM

You will find people are less optimistic about the future of globalism. Increasing transportation costs will lead to more emphasis on local production for local use. Design anywhere, build everywhere. What's really going on in the US economy is that the real cost of "globalism" is manifesting. It's not pretty.

Advizor54

November 5, 2009 02:50 PM

I hope that the idea of globalism has run it's course. All economies will, and should, take advantage of scaling up to reduce costs and increase efficiency, but as the economy matures and parity is reached, other, non-financial, costs come in to play, such as social impact, fairness, and the economy. We are also seeing the downside globalization in the job market. I do not want my job tied to the success of a company in China. I want relatively local work to benefit my community where possible, even if working for a larger company. Now that we have exhausted the Macro- approach, let's try micro for a while. Local control, smaller investments, more direct benefits to producers and consumers.

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Michael Mandel, BW's award-winning chief economist, provides his unique perspective on the hot economic issues of the day. From globalization to the future of work to the ups and downs of the financial markets, Mandel-named 2006 economic journalist of the year by the World Leadership Forum-offers cutting edge analysis and commentary.

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