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Article: Globalization, slow down!(FEATURES)(PLANET)
- Article from:
- The Christian Science Monitor
- Article date:
- September 16, 2004
CopyrightCOPYRIGHT 2004 The Christian Science Publishing Society. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Byline: David R. Francis
It doesn't take a degree in economics to see dangers in globalization. An emerging China and India - with low wages, cheap exports, and rising technological abilities - are causing layoffs and depressing wages in the United States.
But when a renowned economist points to the same risks, more people begin to listen.
Is it time to slow down the march toward free trade?
"It is going to become so big a problem that some slowing down is going to be politically popular - and has some merits," says Paul A. Samuelson, Nobel laureate and author of an economics textbook that has educated millions of students over the ...