The Changed World Economy
The talk today is of the "changing world economy." I wish to argue that the world economy is not "changing"; it has already changed--in its foundations and in its structure--and in all probability the change is irreversible.
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Competition in the production of export goods is depressing workers' wages in the countries of the South. Future trade deals must give labor rights their due.
A new corporate entity based on collaborative innovation, integrated production, and outsourcing to specialists is emerging in response to globalization and new technology. Such "globally integrated enterprises" will end up reshaping geopolitics, trade, and education.
Increasing aid and market access for poor countries makes sense but will not do that much good. Wealthy nations should also push other measures that could be far more rewarding, such as giving the poor more control over economic policy, financing new development-friendly technologies, and opening labor markets.

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the changed world economy
please, note Soviet Union is no longer the right name for Russia