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9 Mar 2011
School
Course
Professor
POL 208 Feb 2 2011
Lake Victoria on TanzaniaDarwins
Nightmare
Egypt…. Structure of Egyptian economy
Inequality- poor live under 2 dollars per day…
40 % of the entire population… High level of
unemployment
Analysts say national economy as a whole has
been improving in Egypt
Political Regime  Economic condition
Underdevelopment
Trusteconomic globalization – labour
movementstill high restrictions
Impact of political border
Liberalization of capital float
Why does it matter? Allows capital to
exit If capital doesnt like the local
environment; like the local labor laws,
etc, It now has a viable exit option”
Substantial impact on politics and
economy
A Race to the Bottom?
-Taxation, labor laws, environmental
regulations, health regulations can
induce capital to move elsewhere 
exit!
-Canadian workers compete with child
labor in LDCs (Least Developed
Countries)
Ultimate result. Eroding, degrading
restrictionsA Race to the Bottom
Ex) reducing taxation… social legislation..
minimum environmental condition;
sweatshop
-The government has less autonomy to
set a policy according to local values,
needs and tastes
Will there be a convergence on the
lowest form of regulation?
One of anti-globalizationalists
motivations
Not only cheap, but healthier, educated laborers
more divergence is possible..?
*** Capital has a great impact on politics?
Ex) WalMart has larger economic entity
than many other nations
The State and the MNC; Multi National
Corporations
Is the state becoming powerless?
What are the ethical implications?
Does it force us to reevaluate the
winners and losers & with it the theory
of free trade?
Anti-globalization! Collection of
different interest groups with a variety
of concerns and agendas; focus on
redistribution, externalities (unwanted
side effects of international economic
interactions), democracy
Regulation from below??? Fair Trade
Certified…
Is there an alternative?
Rodriks Trilemma
Economic Integration
Race to the Bottom Global
Federalism
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Document Summary

Inequality- poor live under 2 dollars per day . 40 % of the entire population high level of unemployment. Analysts say national economy as a whole has been improving in egypt. Trust economic globalization labour movement still high restrictions. Allows capital to exit if capital doesn"t like the local environment; like the local labor laws, etc, it now has a viable exit option . Taxation, labor laws, environmental regulations, health regulations can induce capital to move elsewhere exit! Canadian workers compete with child labor in ldc"s (least developed. Eroding, degrading restrictions a race to the bottom . Ex) reducing taxation social legislation minimum environmental condition; sweatshop. The government has less autonomy to set a policy according to local values, needs and tastes : will there be a convergence on the lowest form of regulation, one of anti-globalizationalist"s motivations. Ex) walmart has larger economic entity than many other nations.

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