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Book Title: George Soros on Globalization|
The author of the book: George Soros
Date of issue: May 14th 2014
The size of the: 622 KB
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Reader ratings: 3.7
ISBN 13: 9781586486877
Format files: PDF
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Soros defends globalization against its detractors and explains how globalization can be tweaked to minimize some of the ill effects. Its detractors claim that the WTO and other agents for globalization neglect the poor, the environment, and social issues in their pursuit of free trade. This book was written shortly after the Seattle WTO protest and 9/11. The collapse of the Soviet Union and the war in Bosnia weigh heavily in Soros's understanding of globalization and Soros counts those republics as a missed opportunity.
"It can be seen that international assistance is a complicated business... Instead of a bureaucratic approach we should take an entrepreneurial one...the social consequences of an undertaking show up in a variety of lines (ways), and cannot be readily aggregated. The GNP is often used as a proxy. Judged by the standards applied in business, international assistance is bound to be inefficient. One of the reasons foreign aid has such a bad reputation in the US is that it is judged by the wrong standard." (p 69)
1. Globalization is the best path to increased wealth of all nations.
2. However, some states and individuals are losers in the globalization process.
3. To offset this more international aid needs to be given to the economic losers.
4. This is hard to do.
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Read information about the authorGeorge Soros is a Hungarian-American financier, businessman and notable philanthropist focused on supporting liberal ideals and causes. He became known as "the Man Who Broke the Bank of England" after he made a reported $1 billion during the 1992 Black Wednesday UK currency crises. Soros correctly speculated that the British government would have to devalue the pound sterling.
Soros is Chairman of Soros Fund Management, LLC.
As one of history’s most successful financiers, his views on investing and economic issues are widely followed.
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