August 26, 2006
Bernanke's lecture on globalization is in the news. He takes the economists' view that globalization is healthy and remarks that the pace and size globalization of the last 30 years is without historic precedent. Anti-globalization advocates will not like the implications of his talk and redouble their efforts to "control" international trade to limit "outsourcing." His talk lacked a last, necessary argument that globalization is an inevitable economic force (like gravity is a physical force) that we cannot control or even manage -- we can only work within its pressures and effects.
TrackBack URL for this entry:
Listed below are links to weblogs that reference Globalization:
Inevitably increasing globalization also impacts legal education generally, and business associations classes specifically. I will put in a shameless plug for my book, Global Issues in Corporate Law, just published by Thomson-West (a sponsor of this blog), which is designed to serve as a supplement to introduce such issues into the basic business associations class. Even if an instructor does not wish to adopt this book, however, I would be more than happy to give anyone suggestions for specific comparative and transnational law issues that the basic corporate law class should address. Feel free to send me an email.
Posted by: Franklin Gevurtz | Aug 26, 2006 4:58:41 PM