The word ‘love’ had three distinctly different definitions in ancient Greece. I’m proposing that we use a similar sort of rigor in defining the use of the term “fair trade” in the model economy. The term is being used interchangeably in several different unrelated contexts.

Women make many choices that are alien to most men. Children are just one of many such choices. Women tend to approach life itself very differently from men. This is all hard wired into our biological, evolutionary base. Men will be more focused on career and making money as a substitute for the hunt, for example. The author argues that this has an impact on their ability to compete in the global economy.

The Mainpat Tibetan Refugee camp in Southwest India was the focus of a medical mission in 2008 and 2009.

The cause of poverty is both economic and cultural. It is economic because the necessary conditions for productivity – economic liberty and law are wholly absent from such places. It is cultural because the philosophy or fundamental beliefs and worldview of the populations of poor populaces is unsuited to the notions of the primacy of the individual over the state and that the state’s sole purpose is to protect the person and property of the individual from initiation of physical force, threatened force, theft and fraud.

Author argues that to make the Malaysian and Indonesian economies attractive, local governments have to offer very high protections to companies, to encourage them to remain in the local economy. But this step is temporary, and it is just a postponement of problems at next level; the incapability of local firms to upgrade their technological know-how to compete in the world market. If these protections are not followed by subsequent freeing of market constraints to encourage competition, the countries in the region may face a high possibility of “deindustrialization”.

The “deindustrialization” does not only happen in developed countries, it is also a trend in the globalized world, particularly to Asian developing countries and countries which could not upgrade their industrial base will be left out indefinitely. In other words, if a country is detached from the global network, it will be uphill task to bring oneself back to the landscape.

Globalization is an extension of a world view that has been imposing itself on the entire world for centuries. Nietzsche’s “will to power” is an urge that is showing itself to be true in the context of the current global financial crisis. It depends upon a metaphysical interpretation of the universe and provides the common thread that ties it to the current globalization thrust.

We are in the only age where there is no cultural consensus about anything. People are making it up as they go along because there is no cultural point of reference. We need a new word or phrase to denote this system impelling accelerating change referred to by Marx as the reign of the bourgeoisie. The concept of the free market is incomplete. Any suggestions?

Where does the Obama Administration stand on the issue of free trade? The president has repeatedly described himself as a free-trade proponent who wants to be a “better bargainer” on behalf of U.S. interests and wants agreements to include labor and environmental standards. But actions often speak louder than words. And there is some strong [...]

The global trade and world economy will possibly increase, according to the International Monetary Fund (IMF). This statement was in contrast to the report that the group disseminated stating that the global trade will suffer a major downside in the up and coming years. The said increase was .25 percent higher compared to the initial IMF prediction last April.