With apologies to anyone who took Econ101 in college and at the risk of oversimplification, here’s why:
- The global economy is not a zero-sum game.
- Trade benefits buyers and sellers
- Rising incomes and wealth are good for the environment.
Ergo, globalization is mostly green.
This may seem self-evident to some but as I follow the conversation about business, the economy and sustainability in a number of venues — from the sparring over China in last week’s presidential debate to Mark Bittman’s musings about an ideal food label to the argument from some enviros that what we need is not economic growth, but “degrowth” — I’m surprised by lack of understanding of the benefits of trade, globalization and growth. [click to continue...]