Jay Sawyer of Northbrook Feels That Globalization Is a Complicated Issue

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Jay Sawyer of Northbrook Feels That Globalization
Is a Complicated Issue
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Globalization Positive or Negative?

• Globalization has proved to be a good thing for
  many developing countries as it provided them
  access to our markets and enabled them to export
  cheap good, says Jay Sawyer of Northbrook.
• Moreover, Globalization has also been good for
  multi-national corporations and Wall Street.
• However, it hasnt impact working people (blue or
  white collar) in a good way and has led to the
  continuing deindustrialization of America.
• Calling Globalization a complicated issue, Sawyer
  feels that it is important to evaluate its pros
  and cons before drawing any conclusions.

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Jay Sawyers Views on Free Trade

• Jay Sawyer of Northbrook says that free trade is
  supposed to reduce barriers, like tariffs,
  subsidies, value added taxes, and various other
  barriers between countries.
• However, thats far from reality as there are
  still many barriers to free trade.
• Jay highlights the Washington Post story that
  says, The problem is that the big G20 countries
  added more than 1, 200 restrictive export and
  import measures since 2008.

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How the Infusions of Foreign Capital and
Technology Benefits Poor Nations?

• The infusions of foreign capital and technology
  provide poor nations the chance to develop
  economically and spreading prosperity.
• It also helps create conditions in which
  democracy and respect for human rights may
  flourish.
• However, Jay Sawyer of Northbrook feels that this
  ethereal goal has not been achieved in most
  countries.

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The Downside of Building Products Overseas

• According to Jay Sawyer, one of the biggest
  downsides of building products overseas in
  countries like China is that it puts our
  technologies at risk of being copied or stolen.
• He feels that we cannot stop globalization but we
  can definitely make it more equitable by putting
  in place some important policies and strategies.

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Thank YouJay Sawyer, Northbrook