<<April
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John M. Eger
Van Deerlin Endowed Chair of Communication and Public Policy
School of Journalism and Media Studies
Executive Director, International Center for Communications
San Diego State University
5500 Campanile Drive, PFSA 160
San Diego, CA 92182-4522
619-594-6933
619-594-6910
Fax: 619-594-4488
jeger@mail.sdsu.edu
http://www.smartcommunities.org/
http://www.smartcommunities.org/guidebook.html
http://www.iicom.org/intermedia/july2001/eger.htm
-- His paper on Smart Communities in InterMedia
References to John EgerÕs previous essays:
(a) ATTACHMENT
III of;
(02/22/09) Marriage of art and science
http://tinyurl.com/dakmbm
Dear John:
(1) Many thanks for your new very informative essay (ATTACHMENT I).
(2) Thanks to the rapid advancement of Internet, we are now facing with the
simultaneous worldwide financial meltdown.
Social reformation and mind-change have not come yet along with this
devastating crisis.
(3) Urgent need is global education and capacity building for global village to
get familiar with interdependencies of various world phenomena, -- thus, our
GUS and GCEPG/GSEEED projects.
Best, Tak
ATTACHMENT I
From: John Eger <jeger@mail.sdsu.edu>
Date: Thu, 9 Apr 2009 22:55:00
-0700
To: John Eger <jeger@mail.sdsu.edu>, "Jarrett Thomas M
(DTI)" <Thomas.Jarrett@state.de.us>,
"Jarrett Thomas M (DTI)" <Thomas.Jarrett@state.de.us>
Subject: an Envision San Diego
commentary on "deglobalization"
Posted date: 4/6/2009
De-Globalization
and the Financial Meltdown
Commentary - John M. Eger
"Globalization." The term has been around for more than 50,000 years,
according to "Bound Together" author Nayan Chandra. But it has only
been in the last 10 years that the term has penetrated public consciousness
and, according to The Economist, was the most over-used word in the last
decade.
Critics of capitalism seem happy that globalization may be ending; and
"de-globalization" - a sort of diminishing interdependence among
different nations - has arrived.
In truth, globalization is much more than simply the integration of different
economic systems. It is, rather, the merging of social and political value
systems, as well as economies, although admittedly, proponents of globalization
have tended to focus on the economic aspects alone.
Joseph Stiglitz, Nobel laureate economist and chairman of the Council of
Economic Advisers under former President Clinton, went so far as to author a
book titled, "Globalization and Its Discontents," to express his
concern that globalization has had devastating effects on developing countries and
especially the poor.
Removal Of Barriers
While Stiglitz agrees that the removal of barriers to free trade and the
integration of national economies can be a force for good and the potential to
enrich everyone in the world, "the way globalization has been managed,
including international trade agreements that have played such a large role in
removing those barriers, and policies that have been imposed on developing
countries" need to be reevaluated.
There is no question that the trend toward increased integration of capital
markets seems at a standstill as the financial crisis worsens.
As The World Bank reported, falling demand in the rich countries is causing the
steepest drop in world trade in 80 years, hammering poor countries that make
their livelihoods from stocking the store shelves of the West. Money flows are
plummeting, too.
Clearly, many countries are worried.
Gordon Brown, prime minister of the United Kingdom, warned recently that
"retreat into 19th century nationalism is not an option É a bad bank
anywhere is a threat to good banks everywhere." Even Luiz In‡cio Lula da
Silva, the president of Brazil and an unlikely advocate for more open trade,
warned, "Protectionism can seem beneficial at first, but in the long term,
it wounds countries; above all the poor countries which need to sell their
goods to the rich countries in the global economy."
Lula da Silva is concerned with the "Buy American" provision in the
$859 billion economic stimulus bill signed by President Obama.
The provision suggests that steel and iron companies in the United States can
ignore the rules of international trade and hire Americans in their factories
to ensure jobs are created at home.
Such concerns threaten the idea of "One Europe" as well.
According to The New York Times, "an urgent call from Hungary for a large
bailout from newer Eastern (bloc) members was bluntly rejected" by Germany
and received little support from other members of the European Union, making
countries like Bulgaria, Malta and the Czech Republic wondering about the
benefits of being a member.
Inextricably Entwined
Clearly, the economies of the world are inextricably tied together.
Isn't it time for us to consider the development not only of regulations and
policies that harmonize nation states - the true meaning of globalization - as
well as establish international organizations that have enforcement powers?
The argument for not doing so has historically been "a loss of
sovereignty," the unwillingness of any nation to commit to an international
organization whose enforcement powers may be greater than those of the nation
itself.
The United States and many nations use this argument frequently.
However, financial scholars and practitioners with backgrounds in comparative
public law, constitutional economics and financial regulation have urged that
there be in place truly global rules of the road for all nations on matters of
fiscal policy and financial relations.
Such agreements could be the starting point for meaningful change.
Isn't it time to walk the talk and create a global and regulatory policy - and
supporting institutions - to ensure the continued growth and development of a
global economy?
John M. Eger, Van Deerlin endowed chair of communications and public policy in
the School of Journalism & Media Studies at San Diego State University, is
a member of the Envision San Diego partnership, a media forum for discussing
public policy issues affecting the region.
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John M. Eger
Van Deerlin Chair of Communication and Public Policy
School of Journalism and Media Studies
Director, Program on the Creative Economy
Director, Smart Communities Program
San Diego State University
5500 Campanile Drive
PFSA 361E
San Diego, CA
92182-4522
telephone 6195946910
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