« Markets without states--in China! | Main | How to make global poverty history »

June 25, 2007



i myself wouldn't
put a lot of stock
into that clean co relation

i'm all for a robust transfer system

and the worsed ain't coming soon
at least not quite soon
but longer haul global dynamics might prove different
if the collision mats
become perminent subsidies

now just
the stream
of good job high wage losers is doable by way of swedens road
note devaluation option used there also

so okay first gen losers
but if the next gen
needs not an inter job class trans fer system
but a perminent wage subsidy
that might entail
a forced charity transfer
from the property income class

after all the national prospect
must remain
to at least
stay even with the older gen....
right ???

but as global wages reach their true bottom ??

get my drift .....

a better life for "my " kids
requires a north world
ponzi scheme
where " immigrant others "
are payrolled taxed
so enough
of the younger native gen
can stay on a generational job/wage up slope
by lording it over
these fresh
boundless waves of new folks from abroad
creating a newer kind of apartheid purgatory

wait your turn for
a generation
facing entering
property-less immigrants

otherwise we get
the late roman repiblic effect
where hopeless
hick citizen plebs now landless
are idled as prole
disorderly empire spectators
orderly uniformed empire ruffians

now thats a sick class syndrome eh ???

but there's a part whole limit here

short of a reversal
of coming planetary
population stabilization
ain't we headed there anyway ????

keep this system up
no matter how
we cut the mid term cake
most of our grand to the third power
will be belower wage rated then we be



if you'd rather do away
with the correls
and dastardly maths
Ruggie who the authors cite
has a good one
on globalization and "embedded liberalism":


Arthur Goldhammer

Is the French case reason for skepticism about this claim? See my note at http://artgoldhammer.blogspot.com/2007/06/reconciling-with-globalization.html

Ali Sohail  (pakistan)

Agreed! I feel that the above stated findings are consistent with human pyscology!
In addition the size of the the Government can be synonomously be used as a proxy to the support of the political system i.e the framework under which each govt works ( the infrastructure) rather than the specific govt in power at a given time. Therefore on a broader level the size of the govt can be used as a proxy for the reliability and belief in the underlying system (the country first attitute, watch dog body , defend to the very end, greater prosperity and accountability).
The bigger the size of the system, the greater such beliefs hence the greater the support towards the system driven way forward which in general in the 21st century has been in support of globalisation atleast on the govt level i.e an ideology relatively in favor of free trade to protectionism as it has been noted as the most effective and result oriented way forward to industralisation.
To simplify, since most developed countries relative to developing countries have a larger underlying political system and if linked to the hypothesis of greater support of the infrasture of their system, it can be argued that people coming from the developed communities are relatively pro-the new fashion statement to industralisation compared to the developing world as they are pro their underlying system relative to the individuals in the developing world.
Hence sweden being ranked as the most in favor of free trade makes sense if it is one of the largest govt's (interms of size etc)
Note: The analysis can be further nailed if the list of all 18 countries and their relative standing in the world economy and the size of their govt spending relative to their GDP is available

Justin Rietz

There is a leap in this argument's logic that I don't believe is supported:

1. What the paper claims to establish: people living in countries with a large public sector are more open to foreign trade

2. The conclusion of the paper and the post: states and markets are complementary

All the paper has purported to determine is which societies, in today's* social and political climate, are more likely to embrace international trade. From what I can tell (the paper is password protected) it does not address how well free markets operate compared to markets regulated by government.

I briefly read Dani's and Anna's 2003 paper "Why are some people (and countries) more protectionist than others?" ** One thing immediately jumped out at me: on page 5, the paper states "...Bulgaria is the most protectionist (Pro-Trade Dummy = 0:08), regardless of the indicator used." From anecdotal evidence - I have been visiting Bulgaria every year since 2002 for both business and pleasure - Bulgarians in general are not against free trade (and many want less government interference in their business lives) and tend to be quite open to foreigners in comparison to other Balkan and Eastern European countries.

At first this presented quite a conundrum, but the answer is actually quite simple: the data used is from 1995. Most Bulgarians at that time still did not understand what free trade or capitalism is or how it would affect them. In addition, Bulgaria was in the middle of an economic hangover from its transition from communism to democracy, had a corrupt government, and was experiencing an inflation rate of 122% (1994). I understand some attempt to control for poor economic conditions was included in the econometric model, but there is no way to mathematically control for changes in people's psychology due to political and social upheaval.

* I use "today" but I don't know the age of the data used in this most recent paper.
** http://www9.georgetown.edu/faculty/amm223/trademigrpreferences.pdf

Justin Rietz

Sorry, wrong link for the 2003 paper: http://ksghome.harvard.edu/~drodrik/TradePref.PDF


If we assume that "risk-averse individuals are more likely to prefer protectionism to free trade", then we can conclude that democracy is not great for globalization as the median voter is more risk averse than a dictator or a king.


First of all two confessions: I have only very quickly browsed the paper (so I might have missed some important parts), and I am Swedish and supportive of a strong welfare state. This is, because, among other reasons, I believe it produces the results the article claims it does. Hence, I'm predisposed to be supportive.

Nonetheless, I would like to raise a question that might be of relevance here. The issue of market size. If we assume that people in general have a reasonably good basic grasp of what makes a business and nation prosper (I know this might be stretching it "a little", but for arguments sake...), and they are aware that they come from a small country that will have a hard time maikng it on it's own. Then by the very fact that they live in a market that is insufficiently large enough to grow without trading with others this will result in a more "pro-openness" attitude. Perhaps this is part of the explanation for a pro-openness attitue in Sweden?

rolex watches

This is clearly replica watches the job for our legal fraternity to engage the establishment to necessary breitling watches steps by filing petitions in various courts. IF one fails another should be cartier watches filed taking every one to task. It is rolex watches useless to suggest ways and means to solve tag heuer watches the day to day problem to well paid employees tissot watches of government controlled establishments. Only active omega watches judiciary will resolve this problem.

rado watches

Why is everyone just montblanc watches willing to accept power cuts? Don't you think that patek philippe watches having continious power is your right? If people aren't going to demand rado watches 24X7 power, don't expect anything zenith watches to change. The government needs to look at other sources parmigiani watches of power generation. The only solution is more power panerai watches production. Nothing less.

rolex watches

People usually say :"Seeing is believing." http://www.tt88times.com
Each attempt has a corresponding gain, in part or obvious, or vague. At least we have the kind of satisfaction After I bought this watch ,in a sense,it means a great deal to me. http://www.fashionhairfu.com

ugg classic knit

People usually say :"Seeing is believing." http://jordanmass.com Each attempt has a orresponding gain, in part or obvious, or vague. At least we have the kind of satisfaction After I bought nfl jersey ,in a sense,it means a great deal to me. http://www.fansshirt.com

Nike Air Jordan

The good news, thank you!


I am a senior student too, I Love this post as i love study english, This article is to my feelings, thanks for your sharing, hoping to see more useful content, refueling

jordan shoes for sale

I think this is a great post. One thing that I find the most helpful is number five. Sometimes when I write, I just let the flow of the words and information come out so much that I loose the purpose. It’s only after editing when I realize what I’ve done. There’s defiantly a lot of great tips here I’m going to try to be more aware of.

jordan shoes

It's good to see this information in your post, i was looking the same but there was not any proper resource, than now i have the link which i was looking for my research.


Thank you for some very useful info. I will be sure to read more here!, i was looking the same but there was not any proper resource


The good news, thank you!

online surveys

This post has made it very clear to the readers on how you calculated or where you got the results from. Definitely informative.

gucci outlet

Thanks for this post. You know, I'd really appreciate a post where you suggested news sources that you consider good ones.

authentic nikes

his is a nice blog. Good clean UI and nice informative blog. I will be coming back soon, Thanks for posting some great ideas and I'll try to return back with a completely different browser to check things out


Dani this is the best Markets and states review thanks

düzce haber

The good news, thank you!

Dubai Sale

Dubai is a financial hub as well as a focal point to accelerate global imports and exports. Dubai, in actual fact, promotes businesses and trading to a great level.

cheap nike shoes

This post has made it very clear to the readers on how you calculated or where you got the results from. Definitely informative.

Account Deleted

We are pleased to state that we have been professionally thriving in our efforts to assist scholars accomplish high standards. Read testimonials from our clients and returning customers.

Buy Custom Essay

Account Deleted


Thanks so much.

Account Deleted

The number of stock owners in the nation soared to 78.7 million people early this year, 85 percent more than in 1983 when the long bull market was getting under way.

Web Design Company

Account Deleted

There are many online stores having cheap chanel bags, i believe you gonna like it!fdsfsd

Account Deleted

Nice information provided here which is very useful to everyone...I am not a huge fan of this side, there do seem to be a lot these days...thanks for posting...
hotel in karachi

Account Deleted


Thanks ...

Account Deleted

Raf Sistemleri

Good Work !!! Old man ...

Account Deleted

Many places and centers offer business and trade promotions to both buyers and supplier.What about the differences in skill intensities across industries? The job losses in the relatively unskilled-labor intensive battery industry should have little effect on the relatively skilled-labor intensive machinery
sexshop online

Account Deleted

Thank you, I have recently been searching for information about this topic for ages and yours is the best I have discovered so far.

organic seo service

The comments to this entry are closed.