A global positive feedback towards prosperous paths of liberlization, privatization and globalisation has produced incredibly successful economic benefit. Liberlization has had its shortcomings, but there's a new emergence of extremely dangerous substantial threats to future progress, growth and prosperity, including an antiglobalization backlash. A famous French philosopher J.Revel has written that in essence, antiglobalism equals exactly the same amount of familiar hostility as antiamericanism. Both entities are merely the same. Continuing progress depends on strenght, requiring an ability to construct clear vision that is offered by positive feedbacks of globalization, privatization and liberalization. Aside from global liberalization, continuingly growing progress demands the establishment of institutions which can help realize the vision mentioned above. Reversing globalization would harm the worlds poorest inhabitants.
Charles W. Calomiris from
American Enterprise Institute in his latest book
A Globalist Manifesto for Public Policy offers brief but astonishing analysis about how the empirical examination of marvellous trends of globalization substantially contributes to substantial economic benefits that build a bridge of enhencement to prosperity, free society and unparralled economic growth.
Charles W. Calomiris is the Arthur F. Burns Scholar in Economics at American Enterprise Institute
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