On The Cusp of Economic History
Posted on Jan 22nd, 2008
by 
Albert
Albert
The annual meeting of World Economic forum in Davos/Switzerland will begin tomorrow. IHT has made a precis snapshot what moment in time is to be defined. Besides the waves of US08 Elections real dimensions are targeted which will occupy next US President -no matter who it will be .Heavily Beginning with the last firework ceasing from Sylvester/New Year 2008/2009.
IHT stresses the comeback of politics in globalization. Not only on the background of current turbulences at the world stock exchanges...For me its understood in the article that even beyond regulation a new shaping power of goverments , Global Institutions and Orgs is in demand. And exactly in a multipolar world.
Again I find this 2003 report helpful:
Strategies for Bridging Global Gaps
Shaping economy and politics as much as culture and society was always a litmus test for me for advanced concepts. No matter if integrally, evolutioanary or otherwise labeled. This Forum symbolizes for me that a very vague but decisive understanding is dawning...In will use my personal possbilties to extend this window of opportunity at this place in the next years..
On the cusp of economic history DAVOS, Switzerland: Is economic history about to change course? Among the chieftains of politics and industry gathering in Davos for the World Economic Forum on Wednesday, a consensus appears to be building that the capitalist system is in for one of those rare and tempestuous mutations that give rise to a new set of economic policies.
As the prospect of a U.S. recession overshadows a tense and drawn-out election campaign in the world's most emblematic market economy, a corrosive cocktail of factors is eating away at old certainties: Power is steadily leaking from West to East. Income inequalities are rising in rich countries.
And signs of a protectionist backlash are multiplying as worries about climate change, the rise of state-run investment funds and the bursting of the recent credit bubble give novel ammunition to those in the West who question free markets and clamor for more shelter from globalization.
What exactly will emerge when the dust settles is hard to predict, economists and executives say. But this much seems clear: With the frontier between state and market once again up for grabs, the era of easy globalization is over - and big government in one form or another is back.
"The pendulum between market and state is swinging back," Pascal Lamy, director general of the World Trade Organization, said by telephone before traveling to Davos. "The year 2008 is a crucial year that could end up setting the tone for some time to come. What we need is an ideological mutation without falling into the trap of protectionism."
Read More..
IHT stresses the comeback of politics in globalization. Not only on the background of current turbulences at the world stock exchanges...For me its understood in the article that even beyond regulation a new shaping power of goverments , Global Institutions and Orgs is in demand. And exactly in a multipolar world.
Again I find this 2003 report helpful:
Strategies for Bridging Global Gaps
Shaping economy and politics as much as culture and society was always a litmus test for me for advanced concepts. No matter if integrally, evolutioanary or otherwise labeled. This Forum symbolizes for me that a very vague but decisive understanding is dawning...In will use my personal possbilties to extend this window of opportunity at this place in the next years..
On the cusp of economic history DAVOS, Switzerland: Is economic history about to change course? Among the chieftains of politics and industry gathering in Davos for the World Economic Forum on Wednesday, a consensus appears to be building that the capitalist system is in for one of those rare and tempestuous mutations that give rise to a new set of economic policies.
As the prospect of a U.S. recession overshadows a tense and drawn-out election campaign in the world's most emblematic market economy, a corrosive cocktail of factors is eating away at old certainties: Power is steadily leaking from West to East. Income inequalities are rising in rich countries.
And signs of a protectionist backlash are multiplying as worries about climate change, the rise of state-run investment funds and the bursting of the recent credit bubble give novel ammunition to those in the West who question free markets and clamor for more shelter from globalization.
What exactly will emerge when the dust settles is hard to predict, economists and executives say. But this much seems clear: With the frontier between state and market once again up for grabs, the era of easy globalization is over - and big government in one form or another is back.
"The pendulum between market and state is swinging back," Pascal Lamy, director general of the World Trade Organization, said by telephone before traveling to Davos. "The year 2008 is a crucial year that could end up setting the tone for some time to come. What we need is an ideological mutation without falling into the trap of protectionism."
Read More..
Access: PublicTagged with: Davos08, World Economic Forum, World Trade Organization, Economy, Poltics, WorUS Recession, Europe, World, Pascal Lamy
davos08
August 2008