Globalization? What globalization?


there can be no going back


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GLOBALIZATION

 there can be no going back
The other day in Paris, I attended an international 
symposium
on globalization that brought 
together politicians and economists, diplomats, 
academics

trade unionists
and representatives 
of humanitarian agencies; there were speakers from Africa, Asia, Europe and the Americas, 
including Umberto Eco, former French foreign minister Bernard Kouchner, and Harvard economist 


Jeffrey Sachs. Each had his or her own specific views, but there was one thing on which every 
speaker 
agreed
; the fact that globalization is here to stay. 
As French trade union leader Nicole Notat put it, "The 
market economy
is certainly the best 
system that exists." 
Historic roots
In many ways, there is nothing new about globalization; it is a process that began to spread some 
three hundred years ago, when European nations, and Britain in particular, developed an 
economic system that depended on international 
trade

Spices
, sugar, tea and coffee were 
among the first 
commodities
that were traded globally. By 1850, Britain - the most developed 
nation at the time - had an economy that was dependent for its survival on global trade. Unable 
to 
feed
its growing population, the country was importing 25% of its basic food, most of it from 
America and the British empire; and even if Britain was at the time far ahead of other nations in 
the "globalization" of its economy, other countries such as France and the United States were 
already moving strongly in the same direction. 
Without the globalization of trade, no nation would have been able to 
achieve
its current state 
of development; for no nation in the world, not even the USA, can 

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