Wednesday, August 27, 2008

Globalization Helps Win Olympic Golds Aplenty

On Monday, The Wall Street Journal published a terrific commentary by George L. Priest and Minor Myers III entitled, "How Freedom Turned Talent Into Olympic Gold."
Promise me you will read every word. It's a wonderful detail about how nation-against-nation, Olympic ranking is deceptive because the achievements of athletes seldom derive purely internally from within a single nation. Maybe Olympic games are a metaphor for globalization? Many athletes, as noted by the authors, have crossed borders to perfect their skills. Even the market for Olympic coaches is affected by globalization.

"Olympic achievements are evidence of the benefits of globalization," the article states. Read it here where co-author Mr. Priest teaches a "Capitalism" course at Yale Law School.

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