jerryking + chrystia_freeland   63

Ottawa is on the wrong side of Chinese power
January 15, 2019 | The Globe and Mail | JOHN IBBITSON.

Is there a way Canada could have avoided acting on an extradition request of the United States – employing the “creative incompetence” that former Liberal foreign minister John Manley said might have prevented the detention of Huawei chief financial officer Meng Wanzhou? She is the daughter of Huawei’s founder, and Chinese anger at her detention is fierce and real.

“I’m with John Manley that we could have creatively avoided our responsibilities,” said Lynette Ong, a political scientist at the Munk School of Global Affairs and Public Policy at the University of Toronto. Canada could manage American anger at letting Ms. Meng slip away more easily than it is managing China’s anger over her detention, Prof. Ong believes.

Did Canadian officials in Ottawa miss an opportunity to de-escalate the conflict through quiet diplomacy, rather than ratcheting up the rhetoric over what appeared to be the retaliatory detention of Michael Kovrig and Michael Spavor? Should they have foreseen that the Chinese might further retaliate by increasing the punishment of convicted drug trafficker Robert Schellenberg from 15 years to a sentence of death? How much of this is Donald Trump’s fault?

Or was none of this preventable?....So, what next?....The government obviously cannot interfere with the judicial process that will determine whether Ms. Meng is extradited to the United States. Nor can Mr. Trudeau attempt to resolve the situation by direct talks with Chinese President Xi Jinping, ....A successful conclusion to Sino-American trade talks might calm things down......Ong urges Mr. Trudeau to put down his public megaphone, and to focus on “quiet diplomacy behind the scenes.”.......There is another, deeper, concern. For at least two decades, Liberal and Conservative governments have concentrated more and more decision-making in foreign affairs in the Office of the Prime Minister. Global Affairs Canada may no longer have the capacity it once had to manage critical files, and political advisers to Ms. Freeland and Mr. Trudeau may be out of their depth, missing subtle signals and opportunities to reduce tensions between Ottawa and Beijing.
5G  Canada  China  China_rising  Canada-China_relations  Chrystia_Freeland  crossborder  foreign_policy  Huawei  John_Ibbitson  John_Manley  Liberals  Meng_Wanzhou  political_staffers  Xi_Jinping  Justin_Trudeau  diplomacy  PMO  reprisals 
january 2019 by jerryking
Mulroney’s advice to Trudeau on NAFTA: head down and mouth shut - The Globe and Mail
LAURA STONE
Ottawa — The Globe and Mail
Published Friday, Jun. 16, 2017

Americans should fear Canada’s economic clout but until formal free-trade negotiations begin, “we keep our heads down and our mouths shut,” says former prime minister Brian Mulroney......When the process begins, Mr. Mulroney said one of the most important words for Canada’s negotiators is “no.”

“We’re not some pushover little country,” Mr. Mulroney said......“There’s no Conservative way to negotiate a comprehensive free-trade agreement with the United States, and there’s no Liberal way to do it. There’s only a Canadian way,” Mr. Mulroney said.

“I think there are times when political parties should lay down their arms and support a national initiative. This is one of them.”....During the American election campaign, Mr. Mulroney said both Mr. Trump and Democrat Bernie Sanders portrayed trade as hurting the U.S. economy, which created “serious problems.”

“The enemy is not trade. The enemy is technology,” he said, noting when he was in office, there were no cellphones or Internet.

“Now technology and automation are displacing jobs all over the place, and the challenge is to reconstruct the economy.”.....
closedmouth  crossborder  NAFTA  renegotiations  Brian_Mulroney  Justin_Trudeau  Donald_Trump  national_interests  advice  national_unity  say_"no"  Chrystia_Freeland  job_displacement  negotiations  economic_clout  Canada  taciturn  free-trade 
june 2017 by jerryking
Canada can no longer rely on U.S. for global leadership, Freeland says - The Globe and Mail
ROBERT FIFE AND MICHELLE ZILIO
OTTAWA — The Globe and Mail
Published Tuesday, Jun. 06, 2017

Foreign Affairs Minister Chrystia Freeland says the Liberal government will make a “substantial investment” in the military because Canada can no longer rely on Washington for global leadership in the face of threats of Russian adventurism and the need to combat the “monstrous extremism” of Islamic State......Ms. Freeland said Canada has been able to count on the powerful U.S. military to provide a protective shield since 1945 as she argued this country needs to significantly build up the Canadian military with “a substantial investment” to help confront strategic threats to liberal democracies.

“To rely solely on the U.S. security umbrella would make us a client state,” she said. “To put it plainly: Canadian diplomacy and development sometimes requires the backing of hard power.”

Ms. Freeland listed North Korea, the civil war in Syria, the Islamic State, Russian aggression in the Ukraine and Baltic states and climate change as major threats to the global order.

“We will make the necessary investments in our military, to not only address years of neglect and underfunding, but also to place the Canadian Armed Forces on a new footing – with new equipment, training, resources and consistent and predictable funding,” she said.....The minister described how and why Canada’s role in the Second World War allowed the country to help shape the post-1945 multilateral order.

Canada has continued to play a large role in promoting multiculturalism and diversity and providing a home to the downtrodden – refugees fleeing persecution, famine or wars – she said. It has taken a strong stand on the world stage, promoting gender equality and a rule-based international order.
capabilities  U.S.foreign_policy  Donald_Trump  Canada  Canadian  foreign_policy  leadership  Chrystia_Freeland  ISIS  hard_power  sovereignty  WWII  post-WWII  world_stage 
june 2017 by jerryking
Freeland moves from the Davos bubble to the real world - The Globe and Mail
KONRAD YAKABUSKI
The Globe and Mail
Published Wednesday, Jan. 11, 2017
......the Davos consensus (i.e. open borders, combined with activist government policies to redistribute income and promote social mobility, are the keys to ensuring global growth and stability. Ethnic and religious diversity as linchpins of modernity, not threats to social cohesion).

It is also a vision inimical to the Trump administration and senior Trump adviser Stephen Bannon, who is tasked with keeping white working-class voters on board the Trump train. In the Bannon world view, globalism, diversity and the nanny state have eroded everything that once made America great. He admires Russian President Vladimir Putin’s skillful cultivation of ethnic and religious nationalism and wants to revive their domestic counterparts in America.....Rex Tillerson has been criticized for putting Texas-based Exxon’s bottom line ahead of U.S. national security interests. But as CEO, that was his job. If he applies himself as effectively on behalf of his country, U.S. foreign policy is likely to be ruthlessly focused. Realpolitik, not values, will dictate policy. Canada may be an afterthought.

Ms. Freeland will need to direct all of her abundant energy to earn the trust of both Mr. Bannon and Mr. Tillerson. The Trump people have no particular animus toward Canada – but they will not do us any favours either on softwood lumber exports or renegotiating the North American free-trade agreement.
cabinets  in_the_real_world  Davos  WEF  Chrystia_Freeland  Donald_Trump  Rex_Tillerson  Konrad_Yakabuski  Exxon  CEOs  NAFTA  Realpolitik  U.S.foreign_policy  whites  social_cohesion  Stephen_Bannon  working_class  open_borders 
march 2017 by jerryking
The Triumph of the Family Farm
CHRYSTIA FREELAND | JUN 13 2012 - Chrystia Freeland - The Atlantic - Chrystia Freeland - The Atlantic

In 2010, of all the farms in the United States with at least $1 million in revenues, 88 percent were family farms, and they accounted for 79 percent of production. Large-scale farmers today are sophisticated businesspeople who use GPS equipment to guide their combines, biotechnology to boost their yields, and futures contracts to hedge their risk. They are also pretty rich.

“It definitely is not just your father,” Jason Henderson, the vice president and branch executive of the Omaha branch of the Federal Reserve Bank of Kansas City, told me. Henderson is essentially the Fed’s top analyst of the agricultural economy. “In the U.S. and Canada in 2010 and 2011,” he said, “farm incomes have been booming. U.S. net farming incomes rose more than 20 percent in each of those years. Farmers are flush with cash.”...Big Money has noticed these trends, and is beginning to pile in. “We are seeing a tremendous uptick in allocations and interest in farmland,” says Chris Erickson of HighQuest Partners, an agricultural consultancy and investor. Erickson told me that big institutional investors—pension funds, insurance companies—have recently been making investments in farmland ranging from “the several hundred millions to the billions.” Erickson said this broad interest is new, and is driven by the fact that “the fundamentals are changing dramatically.”

Jim Rogers, who co-founded the legendary hedge fund Quantum with George Soros, told me he believes farming is “one of the most exciting professions” in the world—and that the recent boom is likely to continue for a long time. “Throughout history, we’ve had long periods when the financial sectors were in charge,” he said, “but we’ve also had long periods when the people who have produced real goods were in charge—the farmers, the miners … All of you people who got M.B.A.s made mistakes, because the City of London and Wall Street are not going to be great places to be in the next two or three decades. It’s going to be the people who produce real goods.”...Most encouragingly, the agricultural boom shows that globalization really is a two-way street, and not just for the geniuses at Apple and Goldman Sachs. The rising global middle class wants hamburgers—which is where farmers come in—but it also wants hundreds of other middle-class comforts, and as it grows richer, it will be able to afford more of them. Helping to fill these wants is where many of the rest of us should look for opportunity. And you don’t have to work for a corporate behemoth or have a venture capitalist on your speed dial to take advantage of the changing world economy. One of the most surprising aspects of the farm story is that its heroes are self-employed entrepreneurs, albeit ones who own a lot of land.
prosperity  farming  agriculture  Chrystia_Freeland  precision_agriculture  sophisticated  farmland  private_equity  agribusiness  innovation  investors 
may 2014 by jerryking
The Self-Destruction of the 1 Percent -
October 13, 2012 | NYTimes.com | By CHRYSTIA FREELAND.

IN the early 14th century, Venice was one of the richest cities in Europe. At the heart of its economy was the colleganza, a basic form of joint-stock company created to finance a single trade expedition. The brilliance of the colleganza was that it opened the economy to new entrants, allowing risk-taking entrepreneurs to share in the financial upside with the established businessmen who financed their merchant voyages.

Venice’s elites were the chief beneficiaries. Like all open economies, theirs was turbulent. Today, we think of social mobility as a good thing. But if you are on top, mobility also means competition. In 1315, when the Venetian city-state was at the height of its economic powers, the upper class acted to lock in its privileges, putting a formal stop to social mobility with the publication of the Libro d’Oro, or Book of Gold, an official register of the nobility. If you weren’t on it, you couldn’t join the ruling oligarchy.

The political shift, which had begun nearly two decades earlier, was so striking a change that the Venetians gave it a name: La Serrata, or the closure. It wasn’t long before the political Serrata became an economic one, too. Under the control of the oligarchs, Venice gradually cut off commercial opportunities for new entrants. Eventually, the colleganza was banned. The reigning elites were acting in their immediate self-interest, but in the longer term, La Serrata was the beginning of the end for them, and for Venetian prosperity more generally. By 1500, Venice’s population was smaller than it had been in 1330. In the 17th and 18th centuries, as the rest of Europe grew, the city continued to shrink....several recent studies have shown that in America today it is harder to escape the social class of your birth than it is in Europe. The Canadian economist Miles Corak has found that as income inequality increases, social mobility falls...Businessmen like to style themselves as the defenders of the free market economy, but as Luigi Zingales, an economist at the University of Chicago Booth School of Business, argued, “Most lobbying is pro-business, in the sense that it promotes the interests of existing businesses, not pro-market in the sense of fostering truly free and open competition.”
business_interests  capitalism  Chrystia_Freeland  city-states  cronyism  crony_capitalism  depopulation  elitism  entrenched_interests  history  income_distribution  income_inequality  lobbying  locked_in  moguls  new_entrants  oligarchs  pro-business  pro-market  Renaissance  self-destructive  self-interest  social_classes  social_mobility  The_One_Percent  Venice  winner-take-all 
september 2013 by jerryking
The middle class is good politics but a curious crusade
Aug. 03 2013 | The Globe and Mail | Konrad Yakabuski.

A “thriving middle class” won’t come from new programs hatched in Ottawa. It will come from the innovators and entrepreneurs who harness Canada’s abundant human capital and natural resources to create wealth.

as TD Economics has shown, Canada has not experienced the same wage polarization that has led to rising income inequality south of the border. Social mobility is higher here and our tax system is more progressive. The after-tax income of the top 10 per cent of Canadians was 4.1 times that of the bottom 10 per cent in 2010. The U.S. ratio was 6 to 1.

There is no doubt that globalization and technological change have rendered thousands of middle-class Canadian jobs obsolete. But there is no reversing this trend, no matter how much would-be federal policy-makers aspire to meddle. Besides, globalization’s upsides outweigh its downsides. And Canadians, among the best-educated people on the planet, stand to benefit.

“Rewards to education, to innovation and to creativity are higher than they have ever been,” notes Princeton University economist Angus Deaton in The Great Escape, his forthcoming book on the history of inequality. “Perhaps the greatest escape in all of human history, and certainly the most rapid one [is] the reduction in global poverty since 1980 … The world has done much better than the pessimists predicted.”
Konrad_Yakabuski  globalization  Chrystia_Freeland  obsolescence  middle_class  technological_change  social_mobility  Toronto  expatriates  inequality  books  income_inequality  capitalization 
august 2013 by jerryking
The Problem With Too Many Millionaires - NYTimes.com
June 20, 2013 | REUTERS | By CHRYSTIA FREELAND.

The rich are getting richer....the very, very rich are doing best of all. The ranks of the ultrarich, whom the report defines as people with investable assets of at least $30 million, surged 11 percent, an even greater rate than the mere millionaires....“We are increasingly becoming a ‘winner-take-all’ economy, a phenomenon that the music industry has long experienced,”...The lucky and the talented — and it is often hard to tell the difference — have been doing better and better, while the vast majority has struggled to keep up.”... the problem is that the rise of the ultrarich isn’t occurring in isolation--it takes place in lock step with a darker phenomenon — the hollowing out of the global middle class. What is worrying is that: (a) labor productivity — which used to be the secret sauce for making everyone better off — has a diminished impact on wages.
(b) declining social mobility. The 1 percent is very good at passing on its privilege, and those born at the bottom are finding it harder to climb up.

That is the great paradox of today’s winner-take-all economy. At its best, it is driven by adopted dropouts like Steve Jobs or struggling single mothers like J.K. Rowling, who come up with something amazing and manage to prosper — and to enrich us all. But the winner-take-all economy will make such breakthroughs for anyone who didn’t make the wise choice of being born into the 1 percent harder and harder in the future, which is why we urgently need to come up with ways to soften its impact.
breakthroughs  Chrystia_Freeland  compounded  elitism  high_net_worth  hollowing_out  income_inequality  Matthew_effect  middle_class  paradoxes  productivity  self-perpetuation  social_mobility  special_sauce  The_One_Percent  virtuous_cycles  winner-take-all 
june 2013 by jerryking
Chrystia Freeland | Analysis & Opinion
May 23, 2013 | | Reuters.com |By Chrystia Freeland.

Daron Acemoglu of the Massachusetts Institute of Technology and James Robinson of Harvard University.

In their seminal 2012 book, “Why Nations Fail,” Acemoglu and Robinson offered a powerful new framework for understanding why some societies thrive and others decline – those based on inclusive growth succeed, while those where growth is extractive wither.

Their new study, “Economics Versus Politics: Pitfalls of Policy Advice,” will be published later this year in the Journal of Economic Perspectives and is available now in draft form as a National Bureau of Economic Research working paper. It tackles an essential subject in the age of technocracy: the limits of technocratic thinking as a basis for policy.

Their critique is not the standard technocrat’s lament that wise policy is, alas, politically impossible to implement. Instead, their concern is that policy which is eminently sensible in theory can fail in practice because of its unintended political consequences.
Chrystia_Freeland  books  economists  unintended_consequences  failed_states  Non-Integrating_Gap  policymakers  policymaking 
may 2013 by jerryking
Bar is high for Carney on world stage
Apr. 18 2013| The Globe and Mail |CHRYSTIA FREELAND.

One of the analytical mistakes made before the financial crisis was to believe that efficient markets were perfect and that private bankers could police themselves. Refreshingly, Mr. Carney isn’t making the same error in reverse. He is a believer in regulation and has embraced it at its most complex, global, scale.

But he said regulators need to be watchful of the unintended consequences of their rules and mindful of the feedback loops between their actions and private markets. The relationship between markets and governments is a complicated process that requires eternal vigilance and constant tweaks.
Chrystia_Freeland  Mark_Carney  central_banking  central_banks  regulators  feedback_loops  unintended_consequences  world_stage 
april 2013 by jerryking
A tech-powered end to the middle class
Feb. 21 2013 | The Globe and Mail | CHRYSTIA FREELAND.
One way to divide people is into those who think this time is different and those who believe there is never anything new under the sun. That split can be a matter of temperament, of politics or even of religion. But today it is relevant for another, more urgent reason: It describes how people think about the most critical economic problem in the industrialized world – the dearth of well-paying middle-class jobs....
"thanks to the tech revolution, the traditional link between rising productivity and a rising standard of living (i.e. wages) for the middle class has been broken. Gore worries that severed link may be causing the economic slowdown in the developed economies: A weakened middle class lacks the spending power to drive growth.

One of the smartest academics studying this phenomenon is Erik Brynjolfsson, a management professor at Massachusetts Institute of Technology. The co-author of a new book, Race Against the Machine, believes the tech revolution is having a powerful and unprecedented impact. “Most of the debate … is missing the tectonic changes in the way the economy works, which are driven by technology,” he said recently. “This is the big story of our time, and it is going to accelerate over the next 10 years.”

Like Mr. Gore, Mr. Brynjolfsson thinks the canary in the coal mine is the decoupling of gains in productivity and in wages. “Productivity since 2000 has grown faster than in the 1970s, ’80s or ’90s,” he said. “But starting in the late 1990s, we’ve had this decoupling of wages from productivity.” He sees this as a historic watershed, noting that there is “no economic law” that productivity and jobs go together.

That change has tremendous implications. Productivity and innovation, the focus of policy makers and business leaders, no longer guarantee widely shared prosperity. “Digital technologies are different in that they allow people with skills to replicate their talents to serve billions,” Mr. Brynjolfsson noted. “There is really a drastic winner-take-all effect because every industry is becoming like the software industry.”

The danger isn’t structural unemployment (as many feared during the depths of the financial crisis). The problem is what kind of jobs, at what kind of salaries, the tech-powered economy of the future will generate.
Chrystia_Freeland  Albert_Gore  books  Erik_Brynjolfsson  MIT  downward_mobility  seismic_shifts  middle_class  winner-take-all  Al_Gore  Kleiner_Perkins  Luddites  productivity  innovation  hollowing_out  the_Great_Decoupling  economic_stagnation  '90s  This_Time_is_Different 
february 2013 by jerryking
In Davos, a U.S. deficit hawk gets dovish - The Globe and Mail
CHRYSTIA FREELAND

DAVOS, SWITZERLAND — Special to The Globe and Mail

Published Thursday, Jan. 24 2013
Chrystia_Freeland  Larry_Summers  Davos  Martin_Sorrell  WPP 
january 2013 by jerryking
A Recipe to Enhance Innovation - NYTimes.com
By CHRYSTIA FREELAND
Published: November 15, 2012

it is worth thinking hard about how to make diverse teams effective, and how people who straddle two cultural worlds can succeed....In “Connecting the Dots Within: Creative Performance and Identity Integration,” Chi-Ying Cheng, of Singapore Management University, Jeffrey Sanchez-Burks, of the Ross School of Business at the University of Michigan, and Fiona Lee, also at the University of Michigan, argue that ethnic minorities, and women in male-dominated professions, are most creative when they have found a way to believe that their “multiple and conflicting social identities are compatible.”... Their conclusion was that people who have found a way to reconcile their two identities — Asian-Americans, for example, or women who work in male-dominated jobs like engineering — are the best at finding creative solutions to problems..... In other words, if the world around us tells us our dual identities are compatible, we will believe that, and act accordingly. If female engineers work in a company that treats their gender as a virtue, they will do better. If Asian-Americans live in a community that celebrates both aspects of their identity, they will be more effective.

America’s rainbow coalition won at the ballot box this month, but in other settings, the nation has become a little weary of diversity-cheering movements like multiculturalism and even explicit feminism. Dr. Cheng’s work suggests that cynicism may be misplaced. Diversity can work, but we have to work at it.
Chrystia_Freeland  demographic_changes  ethnic_communities  diversity  cross-cultural  books  teams  innovation  connecting_the_dots  dual-consciousness  heterogeneity 
december 2012 by jerryking
In tough economic times, personal drive goes only so far - The Globe and Mail
In tough economic times, personal drive goes only so far

CHRYSTIA FREELAND

NEW YORK — Special to The Globe and Mail
Chrystia_Freeland 
december 2012 by jerryking
Sharing the wealth can create prosperity - The Globe and Mail
CHRYSTIA FREELAND

Special to The Globe and Mail

Published Thursday, Nov. 29 2012

When Branko Milanovic, a World Bank economist, published The Haves and the Have-Nots, a study of global income inequality last year, one of his most striking observations was the extent to which the subject was taboo in the United States....As the book (Inequality in America. by Kemal Dervis)argues, “rebalancing of the distribution of income may play a role in unlocking the U.S. economy’s growth potential in a sustainable way.”

Now that is a truly radical thought, and it brings us back to Mr. Milanovic’s earlier view that income inequality was a forbidden subject in the United States.

Worrying about the poor is one thing. To contend that equality is necessary for growth is an altogether different and more radical idea. Three decades later, trickle-down economics has met its antithesis. We are set for one of the great battles of ideas of our time.
Chrystia_Freeland  income_distribution  inequality  radical_ideas 
november 2012 by jerryking
Sandy a lesson in the randomness of economic disparity - The Globe and Mail
CHRYSTIA FREELAND

NEW YORK — Special to The Globe and Mail

Published Thursday, Nov. 01 2012
Chrystia_Freeland  New_York_City  Hurricane_Sandy  randomness 
november 2012 by jerryking
Global solution needed to save the middle class - The Globe and Mail
CHRYSTIA FREELAND

NEW YORK — Special to The Globe and Mail

Published Thursday, Oct. 11 2012
middle_class  Chrystia_Freeland 
october 2012 by jerryking
For government, efficiency should be more important than size - The Globe and Mail
CHRYSTIA FREELAND

NEW YORK — Special to The Globe and Mail

Published Thursday, Oct. 04 2012
Chrystia_Freeland  efficiencies 
october 2012 by jerryking
How to become a plutocrat
Sept. 27 2012 | - The Globe and Mail | Chrystia Freeland.

Providing services to the plutocrats is one way to join them. But an even more powerful driver of 21st-century superstar economics is the way that globalization and technology have allowed some top-tier types to achieve global scale and earn the commensurate global fortunes. This is the effect that Sherwin Rosen, who invented the theory of the economics of superstars back in 1981, was most interested in, and it is both the most visible and the easiest to understand. These superstars are the direct beneficiaries of the twin gilded ages.
Chrystia_Freeland  high_net_worth  globalization  moguls  bespoke  luxury  craftsmanship  winner-take-all  plutocrats  superstars  increasing_returns_to_scale  21st._century  top-tier 
september 2012 by jerryking
U.S. political debate stuck in the past -
Aug. 30 2012 | The Globe and Mail | CHRYSTIA FREELAND.

The argument between the Democrats and the GOP about the size of the state comes with little regard for the economic realities of this era. Like generals fighting the last war, U.S. politicians are solving the economic challenges of the past century....Thanks to smart machines and global trade, the well-paying, middle-class jobs that were the backbone of Western democracies are vanishing. The paradoxical driver of this middle-class squeeze is not some villainous force – it is, rather, the success of the world’s best companies, many of them American (i.e. Big Tech, the major platforms)....the knottiest economic problem of our time: Figuring out how to manage an economy whose engines of growth are enriching the few but squeezing the many....It took more than the spinning jenny or the steam engine to transform local, agrarian, family-based communities into national, urban, individualistic ones. New political and social institutions will be needed to midwife the latest shift into global and virtual communities. Inventing those institutions is difficult, and talking about them can be frightening, but that is the political conversation the Western world should be having.
Big_Tech  Chrystia_Freeland  Campaign_2012  globalization  Outsourcing  institutions  middle_class  job_destruction  job_displacement  job_loss  institution-building  downward_mobility  hollowing_out  backward_looking 
august 2012 by jerryking
The emergence of a new global citizen - The Globe and Mail
CHRYSTIA FREELAND

Special to The Globe and Mail

Published Thursday, Aug. 16 2012
Chrystia_Freeland  Hong_Kong  capitalism  films  globalization 
august 2012 by jerryking
Three big questions for the 21st century
Jun. 21 2012 |The Globe and Mail |CHRYSTIA FREELAND, Special to The Globe & Mail.

it is no accident that so many economies are sputtering at the same time, or that so many people around the globe are angry.

One reason for the synchronized gloom is the synchronization of the global economy. Another is that everyone is trying to figure out three big questions, the answers to which will shape the 21st century.

The first is how nation-states fit into a globalized world economy.
The second question is even knottier. Why is 21st-century capitalism failing at the very important task of delivering jobs and rising incomes to the middle class in rich countries.
The third question is one we speak about the least and should probably worry about the most: Can rich women be persuaded to have children? Why, once a country achieves middle-income status, its middle-class women stop having many children.
Chrystia_Freeland  21st._century  middle_class  demographic_changes  job_destruction  job_displacement  think_threes  global_economy 
july 2012 by jerryking
Economic recovery leaving middle class behind
Apr. 12, 2012 | Globe and Mail | CHRYSTIA FREELAND.

More bad news for the middle class: When the economy recovers, jobs in the middle won’t. That is the conclusion of an important new study that connects a long-term trend in the labour market with the business cycle of recession and rebound....Job polarization... accounts....for the disappearance of those in the middle who were once both the compass and the backbone of our societies.
Chrystia_Freeland  middle_class  downward_mobility  bad_news 
april 2012 by jerryking
Culture and the final frontier for female leaders - The Globe and Mail
CHRYSTIA FREELAND | Columnist profile
From Friday's Globe and Mail
Published Thursday, Mar. 15, 2012
Chrystia_Freeland  women  leadership 
march 2012 by jerryking
A traitor to his class has the public interest on his mind - The Globe and Mail
CHRYSTIA FREELAND | Columnist profile
DAVOS, SWITZERLAND— From Friday's Globe and Mail
Published Thursday, Jan. 26, 2012
Chrystia_Freeland  George_Soros  Davos  class_warfare  Henry_Blodget 
january 2012 by jerryking
U.S. needs to try harder on the global stage - The Globe and Mail
CHRYSTIA FREELAND | Columnist profile
From Friday's Globe and Mail
Oct. 20, 2011

I had breakfast this week with Jeffrey Immelt, chief executive officer of GE, and the main dish on the menu was tough love. In an Americans can still win in the global economy – but that they need to fight harder...The competition Mr. Immelt and Ms. Clinton want U.S. companies to win is the battle for dominance in the global marketplace and for the chequebook of the growing global middle class....As a cautionary counterexample, he cited Japan. “When I was a young guy, when I first started with GE, Jack Welch sent us all to Japan because in those days Japan was gonna crush us,” he said. “And we learned a lot about Japan when we were there. But over the subsequent 30 years, the Japanese companies all fell behind. And the reason why they fell behind is because they didn’t globalize. They didn’t have to go out and sing for their dinner in every corner of the world. That’s not the case with GE. It’s not the case with other American multinationals.”...Smart businesses have figured out how to globalize. We don’t yet know if countries can do the same.
globalization  GE  Jeffrey_Immelt  Chrystia_Freeland  multinationals  exporting  national_identity  tough_love  global_economy 
october 2011 by jerryking
Immigration undergoes a sea change - The Globe and Mail
CHRYSTIA FREELAND | Columnist profile
From Friday's Globe and Mail
Oct. 06, 2011

In the age of the Internet, the jet plane and the multinational company, the concepts of immigration, citizenship and even statehood are changing.
Chrystia_Freeland  Diaspora  immigration  immigrants  citizenship 
october 2011 by jerryking
Hating America – until you really need help - The Globe and Mail
CHRYSTIA FREELAND | Columnist profile
From Friday's Globe and Mail
Published Thursday, Sep. 15, 2011
superpowers  Chrystia_Freeland  schadenfreude  indispensable  America  Ian_Bremmer  G-Zero  America_in_Decline? 
october 2011 by jerryking
The next big tech revolution? The global brain - The Globe and Mail
Sep. 22, 2011 | Globe and Mail | CHRYSTIA FREELAND.

Mr. Milner, in contrast, almost perfectly represents a technology elite with a global reference: He lives in Moscow, recently bought a home in Silicon Valley, and addressed the Ukrainian conference by video link from Singapore. From that vantage point, the most pressing issue in the world today isn’t recession and political paralysis in the West, or even the rapid development and political transformation in emerging markets, it is the technology revolution that, in his view, is only getting started.

Here are some of the changes he sees as most significant:

The Internet revolution is the fastest economic change humans have experienced, and it is accelerating. Two billion people are online today, he noted; he predicts that number will double over the next decade.

The Internet is not just about connecting people, it is also about connecting machines, a phenomenon he dubbed “the Internet of things.” Five billion devices are connected today, he said; by 2020, he thinks more than 20 billion will be.

More information is being created than ever before. He asserted that as much information was created every 48 hours in 2010 as was created between the dawn of time and 2003. In 10 years, that much data will be generated every 60 minutes.

The result is the dominance of Internet platforms relative to traditional media, he said: “The largest newspaper in the United States is only reaching 1 per cent of the population ... That compares to Internet media, which is used by 25 per cent of the population daily and growing.”

Internet businesses are much more efficient than brick-and-mortar companies. This was one of his most striking observations, and a clue to the paradox of how we find ourselves simultaneously living in a time of what he views as unprecedented technological innovation but also high unemployment in the developed West. As Mr. Milner said: “Big Internet companies on average are capable of generating revenue of $1-million per employee, and that compares to 10 to 20 per cent of that which is normally generated by traditional offline businesses of comparable size.” As an illustration, he cited Facebook, where, he said, each single engineer supports one million users.

Finally – and Mr. Milner admitted this was “a bit of a futuristic picture” – he predicted “the emergence of the global brain, which consists of all the humans connected to each other and to the machine and interacting in a very unique and profound way, creating an intelligence that does not belong to any single human being or computer.”
Chrystia_Freeland  Yuri_Milner  e-commerce  Industrial_Internet  tech-utopianism  networks  connected_devices  platforms  collective_intelligence  efficiencies  inefficiencies 
october 2011 by jerryking
Putin’s autocracy has a shaky foundation: oil - The Globe and Mail
CHRYSTIA FREELAND | Columnist profile
From Friday's Globe and Mail
Published Thursday, Sep. 29, 2011
Chrystia_Freeland  Russia  Vladimir_Putin  Dmitry_Medvedev  oil_industry  autocracies  petro-politics 
october 2011 by jerryking
America’s Apple economy widens the winner-loser gap - The Globe and Mail
CHRYSTIA FREELAND | Columnist profile
ASPEN, COLO.— From Friday's Globe and Mail
Published Thursday, Jun. 30, 2011

“Innovation and Job Creation in a Global Economy: The Case of Apple’s
iPod,” was published last month in The Journal of International Commerce
and Economics. by Greg Linden, Jason Dedrick and Kenneth Kraemer, a
troika of scholars who have made a careful study in a pair of recent
papers of how the iPod has created jobs and profits around the world.
....One of their findings is that in 2006, the iPod employed nearly
twice as many people outside the United States as it did in the country
where it was invented – 13,920 in the United States and 27,250
abroad....That’s because the global economy over all – powered by the
emerging markets – continues to grow strongly, and Mr. Banks’s American
“high-net-worth individuals” are not just U.S. citizens, but global
capitalists.
Chrystia_Freeland  globalization  high_net_worth  Apple  global_economy  innovation  job_creation  iPod  design 
august 2011 by jerryking
Business’s love of China ignores country’s inner economic flaw - The Globe and Mail
CHRYSTIA FREELAND | Columnist profile
From Friday's Globe and Mail
Published Thursday, Apr. 28, 2011
Chrystia_Freeland  china 
june 2011 by jerryking
U.S. Needs to Cash In on Bin Laden - NYTimes.com
By CHRYSTIA FREELAND | REUTERS
May 5, 2011
When the euphoria over OBL’s death subsides, Americans will realize the
foreign policy challenge this generation faces is not quite as extreme,
but much more intellectually complex. U.S. foreign policy today cannot
be defined by the fight against a single, ideologically clear, enemy.
Instead, the U.S faces the much murkier job of helping to figure out the
rules of a new world order that is governed neither by a single,
dominant hyperpower — as in the Pax Romana, or the brief, sole reign of
the U.S. in the ’90s — nor by the balance of power created by dueling
superpowers.

The big international questions in this new, multipolar world are
economic:

Americans are rejoicing this week is because it is nice to have such
dramatic evidence that their state can be competent. An even tougher
mission for that state will be to use this week’s military triumph to
position the country for long-term economic success.
OBL  assassinations  Chrystia_Freeland  U.S.foreign_policy 
may 2011 by jerryking
Calgary mayor gives a Twitter revolution lesson - The Globe and Mail
CHRYSTIA FREELAND | Columnist profile
From Friday's Globe and Mail
Published Thursday, Mar. 31, 2011
Chrystia_Freeland  Calgary  mayoral  municipalities 
april 2011 by jerryking
The lessons of Richard Holbrooke | Chrystia Freeland | Analysis & Opinion | Reuters.com
Chrystia Freeland
» See all analysis and opinion
The lessons of Richard Holbrooke
Dec 17, 2010 09:24 EST
Richard_Holbrooke  obituaries  diplomacy  Chrystia_Freeland  statesmen 
march 2011 by jerryking
Note to dictators: It’s the job market, stupid - The Globe and Mail
CHRYSTIA FREELAND | Columnist profile
From Friday's Globe and Mail
Published Thursday, Mar. 03, 2011
Chrystia_Freeland  China  McKinsey  uprisings  job_creation  mandarins 
march 2011 by jerryking
Doing Good for the World Versus Doing Good for the Bottom Line - NYTimes.com
By CHRYSTIA FREELAND | REUTERS
February 10, 2011

The uprising in Egypt has provoked the familiar
“realism-versus-idealism” foreign policy debate in many Western
capitals, as diplomats and politicians struggle to balance their
ideological sympathy for the protesters with fears of chaos and the
threat of a future anti-Western and anti-Israel policy from Cairo.

What we have paid less attention to is that the demonstrations have
forced some of the world’s hottest technology companies to engage in a
very similar debate.
Chrystia_Freeland  Google  Egypt  uprisings  Facebook  Twitter 
february 2011 by jerryking
For one U.S. CEO, China’s rise should not be feared but exploited - The Globe and Mail
Jan. 21, 2011 | Globe and Mail | by CHRYSTIA FREELAND.

The China challenge, in Mr. Immelt's view, is about much more than a manipulated exchange rate and "cheap labour." "It is the adaptability, it is the speed with which they move, it is the unanimity of purpose, it is the productivity of thought," he said, adding that when he visits his interlocutors at the Ministry of Railways in Beijing, the mandarins are at work on Sunday....Mr. Immelt thinks he knows what America needs to do to thrive in this changed world. "If you want to be a great country, which the U.S. has every right to want to be, you have got to be thinking about being a better exporter," he said. "Our only destiny can be as a high-tech exporter, that creates jobs, high-paying jobs … Export-led growth is the key to national success."
==================================
See Tom Friedman's reference to "This is a world in which education, innovation and talent will be rewarded more than ever. This is a world in which there will be no more “developed” and “developing countries,” but only HIEs (high-imagination-enabling countries) and LIEs (low-imagination-enabling countries)."
Chrystia_Freeland  China_rising  GE  Jeffrey_Immelt  China  Hu_Jintao  exporting  adaptability  speed  unanimity  mission-driven  purpose 
january 2011 by jerryking
The Khodorkovsky trial and its underlying tolerance - The Globe and Mail
CHRYSTIA FREELAND | Columnist profile
Globe and Mail Update
Published Friday, Jan. 07, 2011
Russia  tyrants  Chrystia_Freeland  Khodorkovsky 
january 2011 by jerryking
Americans struggle to adjust to new culture of ‘no’ - The Globe and Mail
CHRYSTIA FREELAND
From Friday's Globe and Mail. Weakly reasoned column. Nov 25, 2010 6:11PM EST

A perennially optimistic nation is finding it difficult to rise above its woes
austerity  Chrystia_Freeland  cutbacks 
december 2010 by jerryking
U.S. business leaders finally getting that international feeling
Dec. 10, 2010 | G&M | CHRYSTIA FREELAND...After a century
when succeeding in the U.S. was the surest route to commercial success,
the country’s best businessmen and women have realized that the way to
win is to go global....in the U.S. just 10 % of Fortune 500 chiefs were
foreigners. Now that the American century is over, however, U.S. biz
leaders are catching on fast. A sign of the times was the recent
decision by Stephen Schwarzman, CEO of Blackstone, to move to Paris for
3 to 6 mths. next year...Like Blackstone, GE is moving its chiefs to
where the action is: Last month John Rice, a GE vice-chairman, was
reassigned to Hong Kong, where he will oversee non-U.S. sales, mktg.
& operations....the shift of U.S. capital and American capitalists
outside the country will further polarize an already bitter national
debate. By 2012, Americans won’t just be arguing about tax breaks for
millionaires, they’ll be targeting the millionaires who spend six months
a year in Paris or Hong Kong.
globalization  Chrystia_Freeland  Blackstone  Fortune_500  parochialism  GE  Stephen_Schwarzman  CEOs  leadership  cosmopolitan 
december 2010 by jerryking
For U.S. foreign policy, it should be all about the economy - The Globe and Mail
Dec. 03, 2010 |G&M| CHRYSTIA FREELAND. The most
significant revelation from WikiLeaks isn’t what is in the documents –
it`s what is missing from them. The financial crisis of 2008, and its
agonizing aftermath, changed the world profoundly. It didn’t change the
State Dept. The most important take-away from the Wikileaks is that the
U.S. needs a new foreign policy paradigm to deal with the post-crisis
world. The starting pt. for that paradigm must be to put the economy at
the heart of foreign policy. Some of the savviest wise men in the U.S.
are making that pt., in the latest issue of Foreign Affairs, with two
essays on the importance of the economy for statecraft.....The country
needs a new paradigm because: (1) it has run out of $ to be the world’s
police officer; (2) the recession requires everyone – including
diplomats – to pitch in to put the country back to work; and (3)
national security & int. relations – the classic concerns of
diplomacy – are now driven by economic concerns.
foreign_policy  Chrystia_Freeland  U.S.foreign_policy  economy  economic_policy  WikiLeaks  diplomacy  statecraft 
december 2010 by jerryking
It’s a whole new game, and the U.S. doesn’t like the rules
Nov. 11, 2010 | G & M | Chrystia_Freeland. Mohamed
El-Erian, CEO of bond giant Pimco, and a former IMF economist, describes
the problem: “National responsibilities are conflicting with global
responsibilities for both the US & China. That is the real problem
for the global economy.”...Poor countries are accustomed to being told
by outsiders (e.g. IMF) what they need to do to participate in the
global economy...What's different today is that the world’s dominant
economy & its rising one are the 2 countries whose domestic
priorities are causing the greatest disruption for the rest of the
world. Small countries are used to accommodating big ones. But big
countries are accustomed to setting the rules. El-Erian believes that
“we will be writing about this period as one of fundamental global
realignment.” A big part of that realignment is figuring out how to
balance national needs against global ones--doing this is hard if you
are used to determining the international rules of the game.
Chrystia_Freeland  China  U.S.  rules_of_the_game  Mohamed_El-Erian  Pimco  global_economy 
november 2010 by jerryking
Globalization and the need to plug in - The Globe and Mail
CHRYSTIA FREELAND
Globalization and the need to plug in
CHRYSTIA FREELAND
From Friday's Globe and Mail
Published Friday, Oct. 08, 2010
Chrystia_Freeland  globalization 
october 2010 by jerryking
Globalization 2.0: emerging-market cross-pollination
Oct. 1, 2010 |G& M| Chrystia Freeland. Globalization 1.0:
2-way exchange between west & east or north & south: E.g.
Western companies setting up call centres in India or mfg. goods in
China, China investing in U.S. T-bills, . Globalization 2.0: the
biggest deals & most important capital flows will be between
emerging mkts., without stopping over at Heathrow or JFK. ..Stephen
Jennings of Renaissance Group, a Moscow-based I-bank with ambitions to
be the premier provider for intra-emerging-mkt. capital flows. “MNCs’
advantages (know-how & capital) have been neutralized by an
inability or reluctance to grow explosively in complex, foreign
environments,” “In many emerging mkts. and in an incr. # of industries,
the mkt. leaders have local roots: metals ( Indian), aluminum (Russian),
fastest-growing & largest banks in China, Russia & Nigeria are
domestic.” Yet Western MNCs (e..g GE, Coca-Cola & HSBC) understand
the opportunity in emerging mkts.& agile in adapting to local
conditions.
Chrystia_Freeland  globalization  emerging_markets  BRIC  capital_flows  Fareed_Zakaria  Renaissance_Capital  South-South  cross-pollination  frontier_markets 
october 2010 by jerryking
Book Review - More Money Than God- By Sebastian Mallaby
June 17, 2010 | NYTimes.com | By CHRYSTIA FREELAND. MORE MONEY THAN GOD

Hedge Funds and the Making of a New Elite

By Sebastian Mallaby

Illustrated. 482 pp. A Council on Foreign Relations Book/The Penguin Press. $29.95
CFR  Chrystia_Freeland  book_reviews  hedge_funds  moguls 
june 2010 by jerryking
Facing diversity
Chrystia Freeland. FT.com. London: Dec 14, 2007. pg. 1
Harvard professor Robert Putnam's work on the impact of diversity on
community values, published this summer in the journal Scandinavian
Political Studies. Putnam found that living in diverse communities makes
us worse neighbours and citizens: "Immigration and ethnic diversity
tend to reduce social solidarity and social capital...Trust (even of
one's own race) is lower, altruism and community cooperation rarer,
friends fewer," he writes.
trustworthiness  business  ethnic  immigration  ethnic_communities  Chrystia_Freeland  diversity  Scandanavian  social_cohesion 
february 2009 by jerryking

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