Trust no one hedge, they're all watching you.
Posted on 03/16/2005 4:08:52 PM PST by Willie Green
One of the big questions of our time is whether the global economy is stable. The gains from "globalization" -- more cross-border trade, investment and technology transfers -- are indisputable. Countless millions have escaped poverty in Asia and Europe. A recent study by the Institute for International Economics concluded that American living standards are roughly 10 percent higher as a result of globalization's benefits (cheap imports, greater competition, new technologies). Globalization's winners vastly outnumber its losers.
Unfortunately, that could change if the world economy turns out to be unstable -- incapable of sustaining adequate growth or vulnerable to severe crises. For the moment the dangers are abstract. In 2004 the global economy grew 4.7 percent, economists at Goldman Sachs report. Asia (excluding Japan) grew 8.2 percent; Latin America, 5.6 percent; the United States, 4.4 percent. Global economic growth should average about 4 percent in 2005 and 2006, the Goldman economists predict. Still, the specter of instability lingers.
Global economic integration -- the merging of markets, the mutual dependencies of countries -- has raced well ahead of either political integration or intellectual mastery. We simply don't understand well how the global economy operates. Nor is it clear how countries with diverging interests and shared suspicions will cooperate in a crisis.
One obvious problem is oil.....
(Excerpt) Read more at washingtonpost.com ...
Oh and thanks again.
The thread is being bumped and there are a lot more quotes from the white house and other sources on hemispheric integration and the OAS.
Trust no one hedge, they're all watching you.
Simon Bolivar disrupted the wedding of Ross Perot's daughter!!! Bump!!!
Wow, the OAS is even worse than hedge said. Listen to this: A secret underground terrorist group in France called the OAS decide to hire a professional killer to assassinate French President Charles De Gaulle.
First the Free Trade of the Americas Agreement designates the OAS as the supranational body to govern the Western Hemisphere, next thing you know the OAS is trying to kill De Gaulle. Or did they try to kill De Gaulle before they took over the Western Hemisphere? Either way, they're not to be trifled with!!
Bolivia supports Mexican FM's candidacy for OAS post
Bolivia is to woo Peru to jointly support the candidacy of Mexican Foreign Minister Luis Derbez for the secretary general of the Organization of American States (OAS), media here reported Saturday, citing Bolivian Foreign Minister Juan Siles.
"We seek to form a joint position with Peru and this means we are going to ask Lima to support Mexico," Siles said ahead of his trip to Lima scheduled for Monday.
He said a historical factor "prevents us from voting for the current candidate of the South American region," namely Chilean Interior Minister Jose Insulza.
"There was a war (1879-1883) and this injury remains present in our country," Siles said in reference to the war with Chile during1879 to 1883.
The OAS is to elect a new secretary general in Washington on Thursday. Candidates for the post include Derbez, Insulza and Salvadoran ex-President Francisco Flores
My eyes are bleeding. Thanks bunches, LOL.
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.