Globalization

This Author has always opposed Globalization based upon economic rationales, minus the common rheutric. The major factors of this opposition:

1) The Transportation of raw materials will always be cheaper than transportation of Finished Goods.
2) Economic development becomes technologically integrated with advance of technology, and failure to invest in total domestic production of Goods, retards the technological advance of the overall Economy.
3) Dependence on Transportation facilities and Transport guarantees technical Shortages.
4) International Trade will always destroy localized advantages of Labor.
5) Long-term advantages to Trade, because of the additional Costs of Transport, must always be financed by destabilization of the Money Supply of the most technologically-advance nation.

The First element is easy to expound: Bulk cargos require less-specialized Transport of less Cost to construct, elimination of protective bulkheads allow for more tonnage to be hauled within equal Transport-space, bulk cargo need maintain less stringent Arrival dates because of lower Warehousing Costs at Delivery site, and Energy/ton ratios always are lower. Bulk cargo will always generate fewer technical Shortages, because of the longer planning schedules allowed, so the Third Element is vastly reduced in number alongside less economic impact from such technical Shortages.

Loss of Technological integration within an Economy will slow the pace of Economic development, by a factor which is much debated; Factor analysis suffers from the weighting measurements of specific elements. What is known is Technical knowledge developed by one Sector of the Economy will eventually impact other Sectors through altered technological procedure, this functionally forestalled by exterior Production in contributing Sectors. Localized Labor advantages also being lost, as advanced Specialties fail to develop, and Unemployment develops from underemployment in Importing industries.

The Last Factor is the hardest to define. International Trade must always be funded by a flow of Capital from the more-developed economy to the less-developed economy. Transport Costs will always deteriorate the Profit gains of foreign production based upon lower foreign Labor Costs and Capital Construction Costs. The simple Capital Construction and development of foreign Labor production skills will raise the Cost of foreign product, through higher demanded foreign Profits and higher demanded foreign Wages. Business Profits from importation of foreign Goods into the more-developed Lender nation can be realized only through destabilization of the Lender currency--to reduce the real Cost return payment on the Capital lent. Inflation is induced to protect the Business Profits of Importing industries. This can be accomplished by suppression of Labor Wages within the Lender economy, reduced Employment levels in the Lender economy, induced Consumer credit in the Lender economy, and excess expenditure of Government within the Lender economy. Does the pattern sound familiar? lgl