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GLOBALIZATION AT THE BEGINNING OF THE 21st CENTURY

Why are the rich in higher positions in poor countries?

José María Franquet Bernis

Business & Economics / Commerce

Globalization, as the dominant force that it is, in the last decade of the 20th century and the beginning of the 21st has shaped a new era in the interaction between nations, economies and peoples. But it has also fragmented production processes, labor markets, political entities and societies. At the supranational level, there is no political and regulatory counterweight to monitor this process and correct, in a fair and equitable way, the dangerous abuses that may derive from it.

The logic of the global economy is deeply contradictory. It is based on the bases of speed, risk, creativity, but also on impunity in the international order, since there are no mechanisms to regulate and control the collective interests of humanity. But, above all, this logic is installed on the principle of the insecurity of people, particularly those in poor countries and sectors. Production is transferred from high-wage countries to those with low wages without entailing benefits for those countries, speculation is carried out in the financial market without considering the dangerous consequences, except for capital itself, cultural and consumption patterns are disrupted, and irreversible damage occurs to the ecological base of the planet, without concern for future generations.

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