- It brings into sharp focus the nature and volume of global trade and the highly interconnected world we live in.
- It signifies the emergence of China as a strong global player standing up to America
- Global downturn also means countries, and more importantly politicians are extremely cognizant of local interest, domestic lobbies and voting blocks: especially local workers who are hurting with high job losses (America is experiencing a historic high of nearly 10% joblessness)
- The few headlines on globalization and trade spats, are perhaps the tip of iceberg when it comes to issues and challenges
- Of course, it is not just about tires and Car parts: Indians cheered when their Commerce Minister - Kamal Nath – stood up to WTO trying to protect the rights of marginalized farmers ( fearful that on top of their burdens of a crippling drought and deep debts, they will face an influx of cheap foreign crops from countries like the United States)
- Much closer to my day-job as a Technocrat lies the issue of global restriction on movement of experts and service professionals: the H1-B visa caps or European work-visa restrictions.
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