Globalization vs. Localization

Due to these challenging times in the National Economy we spend some time thinking about the great efforts and rapid speed push for Globalization in all areas, and dare to consider if it really is the right way to go. Or that perhaps the particular way that we have been doing this may not be quite right. We are on the precipe of Globalization and Localization and the way we push can have steep results for Our Nation. While Global Trade and Interdependency is very helpful for World Tranquility and certain market factors, like the relatively low prices we all appreciate on many goods, we also have to consider the interests of a Nation and how that Nations future is best served. We have built a model of continual outflows where returns are diminished from the National perspective.

We enjoy the reach and access of a Global Market where so much can be learned and shared and the benefit reaches all (Medicine and helpful Science being positive examples), but at what level can the most generous Nation in the world extend itself. We alone will face the Challenge of the Deficits and pay the costs if an unstudied result ends in little more than a dismantling of the National Economy. At least in conversation and analysis this must be considered more seriously in Policies.

We enjoy some of the great benefits of the Global Economy which will always exist but also consider the rights of the people of a Nation to find dignity in work, (As a Nation) we may have missed the comfortable middle ground on this and may be expecting too much return from our Economic Outflows which thus far seem not to be returning in a meaningful fashion to create the once promised new job creation in the Services Sector. There is meaning in having a Domestic Economy that embraces Agriculture and Manufacturing and we need to think more about that. We can talk about Service Industries as much as we want and yet at the end of it all the things we most need are in Agriculture and Manufacturing as a stable base to our Scientific and Business Knowledge especially when we know that people may have different objectives in work - why not have and maintain a Robust Economy?. Who says that for certain the exodus of Agriculture and Manufacturing had to be a fait accompli? perhaps only those with a vested interest in making it so.

This is not being written from a perspective of being against Globalization, but it is being written in the interest of an under served and under spoken yet widely felt National interest in appropriate Localization as the weighted balance to Globalization. A policy of Globalization that is in Balance with Localization is an optimal solution for the Nations Future. Metaphorically speaking if we have given away our shirt that we have none, then who can we clothe? or better yet who will clothe us?, a better answer is to keep a bit in reserve for our best National interest.

This is no slight to the many and great people that are with us in the Global Economy, just an acknowledgement to the fact that we all have ownership of and responsibility to our Nations well being. While we do not have the answer on this, we encourage consideration of this important matter in the Nations Financial and Economic Future.