Globalisation good for Dutch economy

4th September 2007, Comments 0 comments

4 September 2007 THE HAGUE (ANP) – “An open economy and globalisation are good for the Dutch economy and therefore good for employment and for the society as a whole.” State Secretary for Economic Affairs Frans Heemskerk said this at a meeting held at the premises of the Social Economic Council on Monday.

4 September 2007
 
THE HAGUE (ANP) – “An open economy and globalisation are good for the Dutch economy and therefore good for employment and for the society as a whole.” State Secretary for Economic Affairs Frans Heemskerk said this at a meeting held at the premises of the Social Economic Council on Monday.

Heemskerk, who is in charge of the foreign  trade portfolio, found the European Commissioner Peter Mandelson on his side. The two politicians feel that with their message they are going against the tide.

“ The public is too often told that an open economy is the starting point of a downhill race, a race that the Europeans cannot win  because the other players do not stick to the rules. Nationalism, populism, protectionism feed these arguments,” Mandelson noted.

Heemskerk recalled that the political parties in the Netherlands that had won in the general elections both on the right as on the left of the political spectrum, are the same parties that are on the defensive and that sometimes even take a negative stand against globalisation and an open economy.

The state secretary admits that not always and everywhere the effects of international trade are only positive. That’s why the government has asked the Social Economic Council (SER) for advice on how to combat the negative effects.

In a few decades the leading position of the Western economy will have disappeared for good because China and India will be the new numbers 1 and 2 in the world economy. This will affect on the public support for globalisation. Nevertheless, Heemskerk is convinced that the business sector, employees and consumers will reap the benefits. But  politicians and business sector will need to monitor this process adequately.
 
International organisations should really make an effort and focus on sustainable development and combat poverty. Trade and industry should see socially responsible entrepreneurship as their task.

“We must not isolate ourselves,” Heemskerk said, who feels that foreign takeovers of Dutch companies are not posing a threat. “One in ten employees are already employed by  foreign companies.”  Heemskerk criticised the US’s reaction to the imminent takeover of oil company UNICAL by CNOOC and the takeover of port management by Dubai Ports World.

[Copyright Expatica News + ANP 2007]

Subject: Dutch news

 

 

 

 

 


 

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