Globalization rocks US ports in DP World deal

By John Cheeran
The United States has been the fountainhead of globalization.
I have no qualms with globalization.
I believe Communism has been one of the powerful forces of globalization.
All ideas are. All faiths are.
To resist globalization is a Herculean task.
Like the United States finding now in the case DP World deal.
The multi-billion deal for the handling of six major US ports, including New York and New Jersey, was won by a UAE firm, Dubai Port World (DP World.)
US senators, cutting across ideological divide, are anxious that George Bush’s move to give the license to the UAE firm will threaten US security and will give Al Qaeda men easy conduit to conduct their dirty deal much more easily now.
Anxiety stems from the backdrop of September 11, when some of the terrorists involved came from the UAE. There were reports that the UAE was the base terrorists used for money laundering.
Critics in the US have termed Bush’s move as “outrageous and reckless.”
New York Times, in an editorial, has demanded the reversal of the contract.
But let me say this. These are the perils of globalization. What is good for DP World may not be good for the United States.
But DP World won its contract through legitimate means, through the conventional ways, through open contracts.
There is nothing wrong in that.
In the era of globalization, national boundaries blur and the highest bidder walk way with the deal, if anything is up for grabs, anywhere in the world.
May be US will propose an amendment to globalization for security reasons.
This, indeed, is a fascinating battle.