Karen’s Korner
Trade, Textiles, Politics, Observation & More | Information & News

The Saga Continues

February 19, 2009 on 9:28 pm | In General, World Textiles | Karen's Korner

We wanted to provide simple observations, but “simple” works on other levels where the globalization of world textiles and trade are concerned; geopolitical and economic. The be-all and end-all of globalization.

Our last post was on October 31, 2007 and Daniel Altman’s last post on “Managing Globalization” was on December 10, 2008; he has since formed the not for profit consulting firm, North Yard Economics and is writing a book. The Doha Round of talks petered out long ago; hope is to revive them.

We don’t see a revival of the Doha talks, let alone survival; given the economic conditions everywhere. Until the tsunami subsides, geopolitical issues will only take on much more importance; seemingly. Which allows protectionism to gain a stronger foothold.

Unfortunately, the most honest definition of globalization could be, “Chasing the cheapest labor and moving on when wages climb.” The question has to be asked, at that point, Now what?” This definition, however, is overly simplistic.

Nonetheless, we will continue to watch, listen and post. To that end, we have stripped the pages of silly retail information or other light hearted fare; which is why the site is so sparse. You may now find that type of content at The Blog! or via our newsletter. We invite you to sign up and “Thank you,” if you do.

"Shift Can Happen"