We’re all familiar with the stories of Russian oligarchs buying up mansions in London, but this is a much broader phenomenon. A torrent of capital from wealthy people in emerging markets—from China, above all, but also from Latin America, Russia, and the Middle East—has flowed into the real-estate markets of big cities in other countries, driving up prices and causing a luxury-construction boom. ... The globalization of real estate upends some of our basic assumptions about housing prices. We expect them to reflect local fundamentals—above all, how much people earn. In a truly global market, that may not be the case.
James Surowiecki writing in the New Yorker on the rise of a truly global market in real estate
posted by Jasper Friendly Bear
on May 25, 2014 -
From the mid 40s to the mid 50s Coronet Instructional Films
were always ready to provide social guidance for teenagers on subjects as diverse as dating
, preparing for being drafted
, and shyness
, as well as to children on following the law
, the value of quietness in school
, and appreciating our parents
. They also provided education on topics such as the connection between attitudes and health
, what kind of people live in America
, how to keep a job
, supervising women workers
, the nature of capitalism
, and the plantation System in Southern life
. Inside is an annotated collection of all 86 of the complete Coronet films in the Prelinger Archives
as well as a few more. Its not like you had work to do or anything right? [more inside]
posted by Blasdelb
on Nov 1, 2012 -
“You need a thousand rubber gaskets? That’s the factory next door. You need a million screws? That factory is a block away. You need that screw made a little bit different? It will take three hours.
” Charles Duhigg and Keith Bradsher of the NY Times give an in-depth report on Apple's migration of electronics manufacturing to Asia and its impact on middle class Americans.
posted by Blazecock Pileon
on Jan 21, 2012 -
Burial & Flight
I BEGAN THIS SERIES TEN YEARS AGO in rural Kenya. When I started photographing, I thought I was working on a localized story about how HIV was destroying African society. Over the years, as I broadened my travels to China and Mexico, I began to see similarities in the composition of villages wherever I went. Only later did I fully realize that the quiet moments I documented in the African bush, Mexican plains, and majestic Chinese mountains represented small pieces of a great shift.
posted by metagnathous
on Dec 17, 2010 -
Silicon Sweatshops is a five-part investigation of the supply chains that produce many of the world’s most popular technology products, from Apple iPhones, to Nokia cell phones, Dell keyboards and more. The series examines the scope of the problem, including its effects on workers from the Philippines, Taiwan and China. It also looks at a novel factory program that may be a blueprint for solving this perennial industry problem.
posted by Joe Beese
on Nov 19, 2009 -
Waving Goodbye to Hegemony.
"Just a few years ago, America’s hold on global power seemed unshakable. But a lot has changed while we’ve been in Iraq — and the next president is going to be dealing with not only a triumphant China and a retooled Europe but also the quiet rise of a 'second world.'" [Via The Washington Note.]
posted by homunculus
on Jan 27, 2008 -
Environmentalism, globalization and national economies, 1980-2000
in Social Forces
, Dec 06] Triple-punch! (1) "We find no impact of environmentalism on foreign investment and trade. Firms and investment do not appear to be fleeing countries with strong environmental standards." (2) "While it is common to assume that environmentalism targets industry, the agricultural sector may be [negatively] affected more significantly." (2) "[S]ociologists influenced by world-system theory [posit that] the relationship between environmentalism and growth could be spurious: environmentalism does not cause growth, but rather coincides with the economic success of core nations. However, broader results do not support this."
posted by Firas
on May 19, 2007 -
"The church of global free trade, which rules American politics with infallible pretensions, may have finally met its Martin Luther."
A thorough summary in The Nation of the brilliant but ignored Global Trade and Conflicting National Interests
by Ralph Gomory
, former IBM Senior Vice President for Science and winner of the National Medal of Science. His heresy? Arguing, with supporting technical and economic data, that multinational corporations and their home countries have divergent interests in shipping skilled labor and advanced technologies overseas, and that this "divergence" is a net negative for the American economy and the American public. Globalization, he argues, has its losers, the United States paramount among them.
posted by Pastabagel
on Apr 20, 2007 -
I was wrong. Free market trade policies hurt the poor.
“As leader of the delegation from the United Kingdom [to Seattle in 1999], I was convinced that the expansion of world trade had the potential to bring major benefits to developing countries and would be one of the key means by which world poverty would be tackled... I now believe that this approach is wrong and misguided.”
posted by raaka
on May 19, 2003 -
The New Global Job Shift.
The next round of globalization is sending upscale jobs offshore. They include basic research, chip design, engineering--even financial analysis.
posted by Ty Webb
on Jan 31, 2003 -
Is Wage Insurance the Answer?
Central to the ongoing debate on globalization is whether free trade is a good thing or not because it pits capital against labor. Like a lot of policy issues (and politics :) trade helps some but hurts others, while polarizing and often making enemies of people on either side of the debate. Wage insurance might provide a middle ground where people can come together. (more inside!)
posted by kliuless
on Sep 6, 2001 -
One Year After Seattle
-- "A year has passed since the World Trade Organization's "Millennium Round" collapsed under clouds of tear gas in Seattle," writes Mark Weisbrot
, in this useful overview of what was -- and is -- at stake. "The debate over globalization has been altered, perhaps permanently, to include some of the concerns of civil society: poverty and inequality, economic instability, and the environmental costs of globalization...."
posted by johnb
on Nov 30, 2000 -
"The knowledge of the poor is being converted into the property of global corporations, creating a situation where the poor will have to pay for the seeds and medicines they have evolved and have used to meet their own needs for nutrition and health care." -- Vandana Shiva lectures on globalization and poverty
posted by sudama
on Sep 11, 2000 -