Globalization and Keynesianism – Paul Krugman – NYTimes.com

August 10, 2013 By dralfoldman in Austerity, Business Administration, China, Fiscal Policy, Keynesian, Monetary Policy, People, Politicians, Politics, UK, US Tags: Globalization, Keynesian economics, New York Times, Nobel Prize, NYT, Op-ed, Paul Krugman, People 3 Comments

This is a short, MUST READ article from Nobel Prize winning, liberal, economist, Paul Krugman, writing in his op-ed blog at the NYT. Check it out!

Globalization and Keynesianism – NYTimes.com.

As a passionate advocate of both globalization and Keynesianism, I totally endorse this article.

Any thoughts, either generally or the policy implications for your own country?

Paul Krugman, Laureate of the Sveriges Riksban...

Paul Krugman, Laureate of the Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel 2008 at a press conference at the Swedish Academy of Science in Stockholm (Photo credit: Wikipedia)

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Nancy Folbre: How to Cut Skilled Labor Costs – NYTimes.com

July 31, 2012 By dralfoldman in Austerity, Business Administration, Business Strategy, Cost Reduction, Euro Crisis, Growth, Healthcare, Immigration, Independent Professional Services, IT Strategy, Local Authorities, Local Government, Neoliberal, NHS, Outsourcing, People, Politicians, Politics, Public Sector, Public Services Reform, Reform, Shared Services, Society, Travel, Unemployment, US, US Election Tags: Economic, Globalization, Immigration, Nancy Folbre, New York Times, Private, United States 7 Comments

: God help the middle class (Photo credit: maistora)

This is an excellent article by Professor Nancy Folbre in the Economix column in the NYT. It is recommended reading. Check it out!

Nancy Folbre: How to Cut Skilled Labor Costs – NYTimes.com.

For me, the article was very effective in analyzing the impact on jobs in the US of globalization. Simply, to keep costs down, companies are both exporting jobs and importing of skilled foreign labor. It focuses upon the implications for the large number of US graduate unemployed.

More importantly, the implications of the article are generalizable, in my view. The article should be of interest around the World to:

Economix Blog header (Photo credit: John Niedermeyer)

Policymakers
Businesses
Professionals
Parents
College students
Journalists

As a passionate believer in free trade and globalization, when I look at Europe, there is still enormous potential to reduce costs and improve the quality of life. This includes both the Private and Public Sectors, and most especially international bureaucracies, like the EU.

What do you think?

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