The New International Division of Labor

"Globalism" has become an emblem of dramatic changes in the

international economy. The international economy has changed, there is no doubt. But a borderless world in which money, companies, product and engineering move freely is for tomorrow, and indeed it is not evident when that tomorrow will be. The suddenly pervasive intrusion of the notion of "globalism" reflects the motility of governments and companies to apply a label to a diverse megabucks of changes that they find difficult to understand and to justify strategies to adjust to a new

economic world they cannot clearly specify.

While the specialty of interconnection, the volumes of trade and investment set against GDP, have grown dramatically since World War II, we argon now only move to the "intensities" of 1914 after the disruptions of two World Wars and a trade shrivel Great Depression. Noting that we are only now returning to earlier intensities guards against the hyperbole of many discussions of the "new global economy".

" globalisation" as the code word for the present age moldiness then be distinguished clearly from the code speech of earlier whiles, internationalization and internationalization. International firms sold abroad. They were distinguished from multinational corporations that produced abroad in a variety of locations.

The British era of industrial preeminence was one of trade; the American era by co

The editorial upshot to indict the foreign policy of the Bush Administration since immersion office, by making statements supportive of an independent Taiwan; go on with an anti-missile defense system in violation of the ABM agreement of 1972; opposition to the creation by the United Nations of a immutable war crimes tribunal because it fears Americans could be prosecuted for military actions overseas; voting against a moratorium on the death penalty; refusing to support a U.N. ban on anti-personnel mines; and withdrawing from the Kyoto accord on climate and pollution.

perhaps the strongest part of the film involves the operations of Sheriff's Deputy Fred Ross, who, with cool efficiency, travels or so town, pounding on doors and evicting families from their homes after their unemployment benefits have run stunned and they can no longer make the rent. These scenes work as a dark counterpoint to the generally amused shadowiness; they are in fact the movie's dire bottom line. Counterpointing these scenes are those featuring the subject of the film, Roger Smith. Reading his bland Christmas message to the stockholders and their children, he quotes Dickens, and in the process he becomes the personification of the heartless capitalist, a tangiblelife Scrooge.

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