The nature of this blog is to build awareness about the interconnectivity and interdependence that has emerged, in this era of globalization, between local economies and the global market system. I am a strong believer that local economies like Maine’s will increasingly become more intertwined with the global market system, and less dependent on the New England economy and the national economy. If this is true, and I am convinced it is, then citizens should be more informed about the dynamics of globalization. New generations should be introduced to this reality early on, policy makers should be focusing and strategizing around this emerging dynamic, and business leaders should be projecting their long-term strategy toward this inevitable path. Nevertheless, we remain in constant denial. We still believe that we live in our own little bubble, protected from the impacts of globalization.
Our energy grid, once a public asset, is now controlled by Spanish and Canadian interests. Central Maine Power, a subsidiary of the Spanish public multinational electric utility company, Iberdrola, controls a considerable share of the market. Emera Maine, a subsidiary of Emera Incorporated from Nova Scotia, Canada, controls the other portion of the market.[1]
When you go to the grocery market, the chances are that you are shopping in a supermarket owned by a foreign company. When shopping at Hannaford you are actually doing business with the Netherlands-based company, Ahold Delhaize. If you prefer to buy your groceries at Trader Joe’s then you
Article source: http://glocal.bangordailynews.com/2019/07/10/home/welcome-to-maine-open-for-international-business/
