Category: Asia
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How homogenizing is globalization?
Forbes: What A Wonderful World! Get Raped In Dubai And You'll Serve 16 Months In Prison Eamonn Fingleton Globalization continues to integrate the world into a more deeply interconnected economic system, but at the same time, it provides platforms for previously silenced and marginalized voices to be heard. It allows us to become better acquainted…
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Saturday Links
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in Asia, China, Current Affairs, Economic Development, Economics, Evolution, Gender and Sex, Immigration, Links – Saturday, Religion, Science, Sports and Entertainment, Technology, Technology (Biotech & Health), Technology (Digital, Telecom, & Internet), Technology (Energy), Technology (Food & Water), Technology (Manufacturing & Construction)), Technology (Transportation & Distribution), Wealth and Income, Weatlh and Income Distribution1. The United States had its financial bubble. Europe is having one too. Is China next? If it is, it could reshape the global economy and radically reshape the Chinese government. Here is an interesting piece about China’s real estate bubble. 2. Robert Tracinski thinks we are in the midst of a Third Industrial Revolution.…
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Saturday Links
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in Africa, Asia, Business, Capitalism and Markets, Central America, China, Christian Life, Demography, Ecclesia, Economic Development, Economics, Health and Medicine, History, Immigration, International Affairs, Links – Saturday, Politics, Race, Religion, Science, Sociology, South America, Sports and Entertainment, Technology, Technology (Biotech & Health), Technology (Energy), Technology (Manufacturing & Construction)), Technology (Transportation & Distribution), Wealth and Income, Weatlh and Income Distribution1. Christian History magazine has an entire issue devoted to Christians in the New Industrial Economy: The World Changed, the Church Responded. It is a priceless collection of essays on how various religious traditions responded to (or failed to) the challenges of the Industrial Revolution. Issue 104 examines the impact of automation on Europe and…
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Higher costs forcing firms to relocate (from China)
China Daily: Higher costs forcing firms to relocate Jobs going to other countries in China's 'great industry transfer' Rising wages and shrinking export demand are forcing manufacturers to relocate to neighboring Southeast Asian nations and many that remain are seriously considering moving, a foreign trade official from the Ministry of Commerce said. The official, who…
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Russia reveals shiny state secret: It’s awash in diamonds
Christian Science Monitor: Russia reveals shiny state secret: It's awash in diamonds Russia has just declassified news that will shake world gem markets to their core: the discovery of a vast new diamond field containing "trillions of carats," enough to supply global markets for another 3,000 years. The Soviets discovered the bonanza back in the…
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What Cameras Inside Foxconn Found
New York Times: What Cameras Inside Foxconn Found … More tellingly, the broadcast showed 3,000 young Chinese workers lining up at the gates for Foxconn’s Monday morning recruiting session. Now, these workers know about the 2010 Foxconn suicides. They know that the starting salary is $2 an hour (plus benefits, and no payroll taxes). They…
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Arab spring cleaning
The Economist: Arab spring cleaning Why trade reform matters in the Middle East … The Middle East has strikingly few private companies, less than one-third of the number per person in eastern Europe. Everywhere the state dominates the economy. In Egypt the public sector accounts for 40% of value-added outside agriculture—an unusually large share for…
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Paul Collier on Sustainability and Nonrenewable Resources in Emerging Nations
I've been reading Paul Collier's The Plundered Planet: Why We Must – And How We Can – Manage Nature for Global Prosperity. He is writing about natural resource extraction in emerging nations and its impact on local economies. I thought this excerpt was especially helpful: We have now reached the heart of what is distinctive…