Posts Tagged ‘globalization’

what have you done for me lately?

November 8, 2009

The NY Yankees win the World series in 6 games

mitsui is the MVP. of course, 6 RBIs in the winning game. Mitsui, the mvp, is the first japanese born player to win the title. we are becoming globalized.

notice the following:

  • MVP is in the winning team (which i think should often be the case, but it seems to be ALWAYS the case, at least lately).
  • the MVP of the series is actually the MVP of the last game.

how about Alex Rodriguez, or Rivera? A rod was pivotal in two pivotal games, especially game 4. and Rivera was part of every win.

it seems to me the underlying reason is the ‘recency effect‘:

  • we place more importance on the latest occurrence than we should.
  • we ask people what they have done for us lately, forgetting what they have done for us in the past.
  • in the compilation of the best songs in the past 50 years, or the best movies,  songs and movies from the last year or so get a dis-proportional weight.

call mom or dad and say ‘thank you’.



July 21, 2009

i am attending TEDglobal at oxford

first thoughts are that the world is not so global

gordon brown claims we are at the beginning of an age where we care about a person around the world as much as a person in our own country

i find that difficult to believe

‘the poor of your own city first’ seems like a universal value to me

on the lighter side, if the world is so global, how come the faucets here still have 2 taps, one for hot water and one for cold?

Think With the Senses, Feel With the Mind

December 1, 2008

there is no such thing as a good painting without an idea, and there is no such thing as a good idea without a form.

session with robert storr, dean, yale school or art, director of the last biennale.

Robert Storr is an American curator, academic, critic, and painter. He was named Dean of the Yale School of Art for a five-year period beginning July 2006 and was the director of the Venice Biennale in 2007. He has been described as a “vital link between the museum world and academia” and “a gifted writer”.

here is an interview

wrote 2 books on richter, my favorite current artist. doubt and belief in painting is an interesting one

key takeaways:

  • next biennale in june. i am going who is coming?
  • volta in basel as well


above richter

  • brazillian favelas as creating and designing a neighborhood


  • artists that are ‘successful’ are often not from the country in which they become popular. their identity and nationality is complex. if art is ahead of ‘culture’ by decades, how does that reflect on identity and globalization?
  • does art have silos?
  • demian hirst as ‘bad art’? important cultural figure but not good enough?
  • artists who have done well in their regions, local galleries, that is where real art happens
  • no real art capital where things are happening. berlin is going to be the next place.


a god has died, a new one is born.

  • wallid raad, the atlas project
  • suspicion of collective a priori requirements, though is an indispensable  phase
  • respect something that is moving along in its own way

identity should be like garments of north africa. once in a while some nakedness should be visible.

  • art as a form of foreign policy
  • maus, a great book
  • studio museum harlem
  • cartoons as art. i agree that it is an under-rated medium
  • art as a way to learn how to learn
  • artis, promoting israeli contemporary art
  • artis, art tours study abroad.
  • imitating art similar to learning another language.
  • breaching the barrier, like karioke for the first time

free at last, free at last, free (trade) at last

October 15, 2008

economists favor free trade

key takeaways:

the more different you are the more you can benefit (from trade)

lower opportunity cost is a relative advantage

distribution (split) matters

key terms:

free (old) trade theory – free trade benefits everyone. even if you are the best at everything (not intuitive). this means that even if i am absolutely better at everything you are relatively better than me at something. this is your comparative advantage. ricardo, came up with this theory, which is controversial over 200 years ago. opportunity cost is a fundamental assumption or residue of this model.

e.g. china is relatively better than the US at producing apparel than chemicals.

free trade creates a more efficient allocation of resources

new trade theory – it might be effective for a nation to shelter infant industries until they had grown to a sufficient size large enough to compete internationally. Paul Krugman (a neo-Keynesian economist) just got a noble on this. Here is his blog, he now writes for the NY Times. he showed how increasing returns could imply a possible role for welfare-improving protectionism. Krugman (1991) (JSTOR and here) brings increasing returns together with capital and labor migration and transport costs into one model.  Krugman’s (1991) model has become a workhorse of economic geography and international trade.

other key consequences of new trade theory:

  • if trade is possible it is welfare enhancing
  • Preferences for variety push in the direction of more variety, economies of scale push in the direction of less.
  • The number of world varieties will decrease even as the number of varieties available to each consumer increases. Increasing variety for individuals even as world variety declines is a fundamental fact of globalization.  In the context of culture, Tyler explains this very well in his book, Creative Destruction; when people in Beijing can eat at McDonald’s and people in American can eat at great Chinese restaurants the world looks increasingly similar even as each world resident experiences an increase in variety.

issue: how is ‘better off’ distributed. may need to re-allocate to transfer resources


crucial for fairness

welfare create can create incentives for growth, which is crucial for the robustness of model

vision without execution is hallucination

September 30, 2008

leading a global company with geffrey garten. ex under-secretary of commerce, ex dean ex managing director of Blackstone Group

book: the mind of the ceo

click here to read review

are we going thru inflation, deflation, stagflation? for how long?

EMERGING markets. 2000 75% of gdp was in emerging markets. in 2050 25%.

expansion will occur in ‘new countries’ = non OECD, and new groups within those countires

CSR is big, especially for young employees.

CEOs see their role as one that overcomes and eliminates the barriers within their organizations. but they are global leaders. statesmen who deal with multiple governements and the environment.

role of CEO changes. it is too big for one person in a global company.

delegation is a key managerial task

CEOs share:

  • energy
  • surround yourself with great people
  • execution. whatever you do, do well

some good qualities for cross-sector

  • measure
  • know what you do not know
  • what is success, know it in your mind, define it, make it known.
  • ability to assess ‘what is the problem’ in complex scenarios
  • listen. people well tell you a lot of stuff. ‘bury the lede’

Culture matters – the myth of progress

September 29, 2008

evolutionary thinking about the world

history of development: evolution or exploitation?

franco: progress is a myth. if you want to live in that myth, that is ok. how do we structure humanity? there is a bottom line and it is treatment of earth. think in circles

dapo: development is dignityty

the need for new world institution. move the UN from US.

in the west: civilization, progress, great chain of being, modernization

is international trade good for all? how much government intervention is good

key takeaways:

think circle not upward sloping line

how is development defined? just economic terms? culture matters

individual responsibility as a success factor for fighting poverty. social fabric and adaptations to it

poverty is relative, to your neighbor to your neighbor country

in some peoples there is no notion of progress, only a notion evolution. it is circular and has to do with giving back to mother earth. they prefer no competition, retribution. we are inside a tale.

rural vs urban. it seems that with economic indicators people in urban areas are doing well. over time?

is culture just a coat that you take off when you want something warmer?

summary and terms:

dependency theory (andre gunder frank, samir amin, walter rodney, immanuel wallerstein):

all societies are part of one world capitalist system which benefits the core by appropriating the surplus value produced by the periphery. international trade benefits one side and exploits the other

marxist evolutionary thinking

primitive communism to to feudalism to capitalism to socialism. feudal societies are poor because they are still trapped in feudal relations of production. socialists societies bring an end to capitalist exploitation.

world-system (wallerstein)

there are no feudal societies anymore, and not yet truly socialist societies, because all societies are still in one integrated global capitalist world-system

vicious cycle of poverty and widening gap (bauer)

there is no exploitation because most countries and most people are getting wealthier all the time. international trade is good for everybody.


international trade may be good, but only if the government plays its part by promoting health and education, nurturing new industries, and regulating markets. by forcing governments to shrink, the World Bank and IMF have actually made conditions worse for capitalism, not better


the idea of development and the evolutionary thinking upon which it is based is not only inaccurate, it legitimates the capitalist world-system and conceals its exploitative nature. it is also euocentric.

nayan chanda- yale global online

August 26, 2008

Yale has a wonderful globalization on-line magazine and is a fantastic resource for issues and challenging the mind. it is called yale global online.

as many great human achievements, there is a great person behind it (and a great woman behind him), nayan chanda.

Nayan’s book on the history of globalization, Bound Together, is an illuminating journey through the stepping stones of mankind’s global conquest. to read the first chapter, click here or to see a presentation, here and scroll down.

‘i work for globalization’ => creates antagonism

globalization is ‘bad term’, understood differently by each one of us. to many it causes fear and promotes challanges.

does globalization mean ‘Americanization’?

the word made it into the dictionary just in the early 1960’s. The 1961 definition of globalization was ” to make things worldwide in scope and action”.

his own definition of globalization:  “An enduring trend to reconnect Human Communities with a thickening web and increasing speed, creating in the process a global awareness “