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Updated: May 8, 2025
Media coverage of these unexpected outbursts focused public attention on protests against gross disparities in the distribution of benefits and opportunities, which globalization is seen as only increasing, and on warnings that, if effective controls are not speedily imposed, the consequences will be catastrophic in social and political, as well as in economic and environmental, terms.
At a time when science, technology and the forces of globalization are bringing so many changes into our lives, it is more important than ever that we strengthen the bonds that root us in our local communities and in our national communities. No tie binds different people together like citizen service.
The information revolution set off in the closing decade of the century by the invention of the World Wide Web transformed irreversibly much of human activity. The process of “globalization” that had been following a long rising curve over a period of several centuries was galvanized by new powers beyond the imaginations of most people.
To compensate for the sunk and fixed costs, the first "marginal units" must carry a much higher price tag than the last ones. Hal Varian studied this problem. It follows that differential pricing can generally be expected to contribute to economic efficiency." Differential pricing is also the outcome of globalization.
They spew out patents, designs, brands, copyrighted material and other forms of packaged human creativity. They derive most of their income from licensing and royalties and constitute one of the engines driving globalization. Still, these economies are too poor to support the complementary manufacturing and marketing activities.
It is not difficult to appreciate, from a Bahá’í perspective, the potentiality of such transformations for laying the foundations of the global society envisioned in Bahá’u’lláh’s Writings. Far from inspiring optimism about the future, however, globalization is seen by large and growing numbers of people around the world as the principal threat to that future.
And we must make developing economies our partners in prosperity which is why I ask Congress to finalize our groundbreaking African and Caribbean Basin trade initiatives. Globalization is about more than economics. Our purpose must be to bring the world together around democracy, freedom, and peace, and to oppose those who would tear it apart.
Touchingly, the issue of the dispossessed within rich country societies was raised by two African Special Rapporteurs in a report submitted last year to the UN sub-Commission on Human Rights and titled "Globalization and its Impact on the Full Enjoyment of Human Rights". It said: " ... The emphasis on R & D investment conveniently omits mention of the fact that some of the financing for this research comes from public sources; how then can it be justifiably argued that the benefits that derive from such investment should accrue primarily to private interests?
If we take these steps, we will go a long way toward our goal of bringing opportunity to every community. Global Change and American Leadership To realize the full possibilities of the new economy, we must reach beyond our own borders, to shape the revolution that is tearing down barriers and building new networks among nations and individuals, economies and cultures: globalization.
If we meet all these challenges, America can lead the world toward peace and freedom in an era of globalization. Responsibility, Opportunity, and the Environment I am grateful for the opportunities the Vice President and I have had to work hard to protect the environment and finally to put to rest the notion that you can't expand the economy while protecting the environment.
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