Free-to-trade
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An Important Tool For New Faces In Industrial Marketing
Great tips you can use to gain invaluable visibility.
A must read for marketing people within all industriesBruce Wiebusch helps solve this puzzle by looking at the situation from both sides of the desk. Anyone who is involved with the promotion of a company or its products should read this book. Just as important would be for editors of the trade press to be clued in as well as they need to read how reality can be beneficial to their jobs and their integrity.
A great read!

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insightful
veracity and insightI've followed Bill Weinberg's writing for years and have the highest regard for the veracity and insight of his work...

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At last - a comprehensive alternative to the orthodoxy!
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A Timely Book for Current Debates on America's War in Iraq
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Fails to deliver on it's shock-value title.Author Tonelson provides considerable detail that demonstrate the
increase in job exports from US, yet still concludes that "of the
1990s, manufacturing wages ... grew ... 2.9 percent after adjusting for inflation" - pg. XIII. It was GREW, not shrank.
On page 48: "large influxes of legal and illegal imigrants into the United States have forced many of America's loweset income workers into a race to the bottom of the wage scale". Note that the AVERAGE worker is in fair shape. Finally, on page 137: "The race to the bottom is only the worst and most important symptom, not the cause, of the global economy's problems."
The main thrust of the facts presented betray the book's title:
that dispite the truth that job export has had a deflationary
effect on US wages, those wage losses have been minimal. The facts presented would better name a book "downward wage pressure" - but of course that title would not sell many books.
Not a waste of time, but by itself this book paints an incomplete
picture. "The Dollar Crises" by Richard Duncan is better, and with "Tommorrow's Gold" by Marc Faber fill the most of void. Add
"Globalizaation and It's Discontents" by Joseph Stiglitz and a
much clearer view is created of the crazy world economy that we
must deal with.
Facts First And Feelings SecondMr. Tonelson's research is clearly evident in this book. He has done the heavy lifting(analysis)needed to make considered and substantiated statements about something a complex as the impact of global trade on our quality of life in this country.
I recently read "The Lexus and the Olive Tree" by Thomas Friedman and thought it a good counterpoint to "The Race To The Bottom."
"The Race To The Bottom" is richer in the numbers and is focused on us, while "The Lexus and the Olive Tree" is the more subjective and places the subject in a global and human context.
I highly recommend both books, however if you want solid facts before solid impressions, I'd say read "Race To The Bottom" first to get a good sense of "what." Then read "The Lexus And The Olive Tree" to figure out the "why" of it all.
My thanks to both authors.
FrighteningFor "fun" scroll down to the first review of the book, down to the guy that gave it one star (apparently after reading only part of chapter one). Print it out and keep it with this book. After you read the book, re-read his review and then see if you can answer the question: What planet are the globalists living on?
This just in: According to NPR, one of the last textile factories in the US closed on October 22, 2002. It was a fancy high-end shirt factory in Maine. It had been in business for decades. The women there worked so fast that their hands were just a blur. Not fast enough apparently, as they couldn't compete with the sweat shops of the Third World. (NPR said "foreign competition") Some of the women had worked there for twenty years and cried when they left. I seem to remember the globablists saying that foreigners only took jobs Americans didn't want. Perhaps those women were just crying tears of joy.


A well written, detailed book for the physically challenged.
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Sunny Side UpIf you want to explore the issues of globalization to make your own decision on whether you agree with it or not, choose something else, or supplement this book heavily. It's a little boring, but may be useful once you have the background on globalization.
If you have a background in business, don't waste your time with this book. The arguments are based almost soley on Macro and Microeconomics 101 priciples.
If you are looking for fuel to support your Free-Trade fire, this book will provide you with many supportive case studies. You have my blessing to read this book.
typical cato friendly misfirings, innocent people hitThen rememember who funds cato. Maybe if they'd just come out of the closet that their ideology and analysis is slanted by contributors it wouldn't be side. Check their contribution page, too. No cheapo's are allowed.
The old truism rears it's ugly head: "He who calls the piper calls the tune." especially when it comes to politcal economy.
The world was more global prior to WWI than it is now. All industries have flourished and been rescued as a result of keynesian policies and government intervention. All the buzzwords flying around mean that labor and wages will be further destabilized and thrust downward, all in the name of returns on bonds and stock knockers, the part of the economy that receives the most welfare and protectionism. A stable, productive, and well-paid working class make for a strong economy. This one proposes slight variants on the current pyramid scheming. Should be called something along the lines of "health and happiness through starvation."
From 73 to 97 productivity went up some 37% while wages fell 14%. Fool's progress. This is the trend that people who thrive on this would like to see continue. If this is you then you'll like this book.
Good, but too much Asian-focused
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I was not impressedmost sheltered adult this book will be a waste of your time. Good Luck
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Needs some sharpening
Plodding style and corney characters - not much fun!
A good mysteryI would put the book on par with Dick Francis and Grisham.

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Smacks of "Hired Gun" hatchet jobIf you studied economics, or more importantly, critical reasoning in college, you will be very disappointed in this hackneyed effort.
Make no mistake, the Friedman statist economics is certainly not immune to criticism. This just isn't it. It's almost like you're in a time warp swept back to the age of Ricardo, Marx and other collectivists with absolutely no memory of the total discrediting of that theoretical nonsense by the real world over the past 50 years.
Am still trying to understand the critique of capitalism as "failure" in Hong Kong, Taiwan, South Korea where the people are demonstrably freer, certainly better off economically, and with real prospects for steady improvement in their lives than most other people throughout the world.
I mean where do you knuckleheads see a better life, the state managed economic paradises like Nigeria, Kenya, Burundi, Argentina, or maybe Brazil? Get real. Friedman at least is right in that sense: freedom is the single most important factor in improving the quality, and importantly, the length of ones life. And capitalism is the only economic system consistent with individual freedom. But the free market does not mean that an imperial Federal Reserve must exist to "plan" (read: control) your economic life.
Only for open mindedAs for myself, I have a Ph.D. in economics from Stanford University, and was committed to the idea that free markets/free trade is the best solution for all economic problems -- this is the basis of current economic theory. I chanced upon a book entitled Economics and World History: Myths and Paradoxes by Paul Bairoch. One of the chapters shows that historically, free trade has the opposite effect of the one that I had been led to believe in graduate school. Among many historical examples presented, Bairoch showed that the colonies did very poorly under a free trade regime. I was extremely puzzled at this contradiction between historical experience and theory. I asked some of my mentors about this, and was even more surprised by their reactions. In graduate school we studied only theory, with virtually no relation to actual economic history, and my mentors, well known professors at distinguished universities, seemed fairly unfamiliar with history and seemed to think it irrelevant. Their attitude struck me as pre-scientific; one decides on a priori theoretical grounds that the heavier stone will fall first and never bothers to actually drop two stones and check whether or not it is true.
After this failure of my colleagues to reassure me of the validity of neoclassical views and rebut Bairoch, I started investigating the validy of this model on my own. In the process I read this book and found it very enlightening. It contains enough data to convince one who is open minded that the free market model does not actually work in practice, great as it appears in theory.
Lies and propaganda exposedIt's their job to instill in minds like that of Jerroldd the belief that, for example, South Korea flourished thanks to laissez faire economic policy while abundant evidence points to the contrary. It seems characteristic that Jerroldd doesn't even try to refute a single claim that Rayack makes. Instead, he resorts to vague cliches about academic Left, supposedly out of touch with reality. Ironic, isn't it?