The Global Economy Essay Example for Free

The Global Economy Essay The world economy is mostly described by globalization. Globalization is the growth and development of economies all over the world. This is integration and interactions of world’s greatest economies and the development of the emerging market economies. Globalization is not new, since it has existed for thousands of years in terms of the oldest long distance trade across Asia and Europe. Many large corporations have invested in businesses in other counties (multinational businesses) implying that the current characteristics of globalization existed even before the First World War. The recent technological developments (especially ICT-information and communication technology) and economic policies are the major stimulation factors that contributed to increased globalization (Maddison 2001). Current policies aimed at bringing about disinflation have significantly opened up countries’ economies both locally and globally. This is because after the Second World War, most nations were motivated to start developing their economies since they had lost most of the resources in the war. The most effective policy was the adoption of free market systems which significantly improved the rate and volumes of productivity in their regions of origin and opened up numerous international markets as many barriers to free trade and commerce had been reduced. Economic Growth The world economy is the concern of every nation, because every country has some dependence of others. For such a reason most countries comply with economic policies aimed at improving world economy hoping to improve their own. The world market opened up with the opening of free market in the individual states that had split from the former Soviet Union plus other nations of the Eastern Europe (Maddison 2001). The Eastern Europe was very critical player for increased globalization in the 1990s. Most of the nations in the region joined the world trade organization and played a significant role as a supply foundation in to the western countries. China’s role in the cold war was a swift one and by the time the cold war was culminating, it had established itself in Asia as the economic stronghold serving as a market and supplier to Japan and other developed nations in the region (Maddison 2001). Inflation Structural changes in the global financial market have influenced the international, market environment in terms of prices of consumer products. Development and innovative technology plus anti-inflation policies adopted by many nations also played a significant role in the disinflation development. The inflation rates in the Group of eight G-8 countries (United States, Germany, Japan, Italy, Canada, Britain, Russia and France) countries declined by about 3-4%, these countries are the greatest economies in the World (Maddison 2001). In 1990s the world experienced a change in disinflation rates reflected by a notable increase in the supply of products to the world market as a result of the rapid industrialization in the emerging market economies. Poverty Reduction The developing nations have improved considerably and have found a place in the world economy as critical players. These countries have actually increased the value of global economy as they are rapidly developing in terms of industrialization and are being termed as emerging market economies as well. Example of emerging economies are china an India, which have invested in Multinational firms that accommodate information technology and have a greater influence on the world economy, which is also supported by worldwide economic connection Information technology has played a role in facilitating economic growth in most of the countries but it has also come with some negative features which are a threat to economic growth (Maddison 2001). Globalization Condemnation It is argued that the international corporations like international monetary fund, World Bank and world trade organization have become undemocratic assuming power of decision making about economic policies. Environmental preservation is no longer a priority; detrimental labor practices like child labor and prisoner service have become the order of the day As much as the Globalization Phenomenon has been praised for the improved economies of the world, On the other hand, it has been criticized for economic problems and financial crises in other nations could easily be transferred to other countries as a result of these interactions. This was evident with the Asian currency crisis of 1997 that affected the major economies of the Asian region; the Russian financial crisis that saw countries of former Soviet Union suffer an economic depression and the disintegration of the long-term capital management in 1998 (Maddison 2001). Many countries have now undertaken a process of finding a solution to such occurrences in future and the most notable research is that conducted by the Japanese central bank. Globalization has been blamed for unfair trade by the emerging economies who introduce fake products to the international market especially the Chinese companies. It has also been argued that Globalization has brought about in equality in economies and environmental deprivation. Globalization includes interaction of communities, a concept that has been found to have a negative influence on the environment, culture as well as on political administration of some countries discriminately (Maddison 2001). Economic development has been found to be uneven around the world. Opponents of globalization argue that the creation of free markets only benefits the multi-national companies that are already established from the western nations at the expense of the local companies and people in the developing countries. The so called free and far trade is not fair after all; nations compete for international ventures where they offer low environmental standards as well as poor working conditions and low wages. The free and fair trade arrangements usually snatch power from local governance of host nations to the multi-national corporations. As these businesses are seen to control the economy and hence make up financial policies, economic changes and other corporate manipulations (Maddison 2001). Conclusion Globalization has greatly affected business around the globe and many businesses have benefited from it while others have suffered a down fall. Third world companies have been brought to the international market while inflation in several countries has been transferred to other as a result of free market. Major phenomena that stimulated economic development were agriculture and capitalist economy, but the recent and significant of them was the industrialization which has intensely revolutionized economy. In order to understand the effects of globalization, both those who are for plus those against have to come to a consensus of the effects that have been brought about by globalization. All these interactions proof that globalization is a complex subject for discussion. References Maddison A. (2001). The World Economy: A Millennial Perspective. Organization for Economic Co-operation and Development Centre

Lysistrata :: essays research papers

Aristophanes play Lysistrata takes place during the Peloponnesian War and the women of Greece are tired of their men being at war. Greek women want to preserve the traditional way of life in their community. With this in mind, Lysistrata calls all the women of Greece together and devises a plan. She argues that if the women all participate in two activities, their men will end the war. Her proposals are that the women hold a sexual strike against the men. She urged the women to dress in sexy clothing but refuse sexual activity with the men. The second part of her proposal is that the women take over the acropolis. The old women are to do this first, while the younger women are having the strike. In order to accomplish this, the women challenge the masculine role model. They take on masculine characteristics and attitudes and defeat their men physically, mentally and above all strategically. By portraying the opposite sex, the men are better able to view themselves, leading them to think more about their role and importance in the community. Men are a vital part of a stable environment and have many responsibilities to their wives, family and society. The women make it clear to the men how they feel when they are abandoned, with no sex, no company and no support. This proves that neither side benefits from war; just that one side loses more than the other side. Fourth century B.C. Athenian women would get distressed when their men went to war. Most Athenian women married in their teens and never had to be on their own, and probably wouldn't know what to do if they did land on their own. The men leave for war and some do not return mostly because of death. This creates hardship for the widow who finds herself on her own, most likely with children, and no one to take care of them anymore. The widow has few prospects. If she is young and attractive enough with the right domestic skills she might be able to remarry. But her situation is not too promising. After all, why would you want a widow, when you could get a "fresh" wife to "break-in" the way you want and start a family from your own seed? At the time, women were property. They were something beautiful to own, look at, and kept around to fulfill sexual needs.

Interview with a preschool teacher

She was able to give me more Insight on what Is deed to be done to become a teacher and what Is required of her. The person that I interviewed was Ashley Humphreys. She is a lead teacher and the administrator of the united Local Head Start Preschool program that is operated by the Community Action Agency of Columbian County. This is her first year teaching with the program. Before she could become a teacher had to get her Bachelor degree and her preschool license. She graduated from Kent State University in May of 2013.While she was working on her degree she had to do student teaching. She was able to complete it at the following schools: South Range in kindergarten, Southern Local in kindergarten, and United Education Service Center Preschool. Along with having to get her degree Ashley is required to have twenty hours per year in continuing education hours. She also is required to be certified in CPRM and first aid. Ashley has a lot of duties for being the lead teacher and administr ator.As a lead teacher her duties include: making lessons plans weekly, maintaining contact with parents, keeping the children's file updated, entering notes into Teaching Strategies Gold (TTS), riding the bus to either pick up or drop off students, and much more. Administrator requires her to keep all the staff files up to date, maintain safety logs, maintain ratios at all time and much more. A normal day for Ashley would be arriving to school by seven every day. Her While waiting for the students to arrive Ashley is getting everything ready for the day ahead.She would either getting things ready for small groups, get the music ready for the day or she might be cleaning up anything that might be still laying around from the day before. Once her eighteen students arrive at eight A. M. She lets them play with table toys for about ten to fifteen minutes. Breakfast is served at eight fifteen. Once the children are done eating breakfast the children go to centers and are called to brush their teeth while they are playing in center. Once centers are done the children come to the carpet and then do music and the calendar.Once the students have completed those activities they go to small groups. This is where Ashley has each group set up and they are set up to help meet the individuals needs of each child. The individual's needs are indicated on the lesson plans. After small groups the children go back to the carpet and Ashley or her assistant will read a book o the children or have a group discussion over the project they are working on. Lunch will be served then gross motor and then it is time to say goodbye for the day.Ashley loves working with the children. She loves that she can enhance the lives of the children. She enjoys her co-workers. She loves that she has co-workers that think on the same page. It makes it easier when planning activities for the children. Even though Ashley loves her Job there are things about her Job that she dislikes. There are several things that she dislikes about her Job. One of the things she dislikes is owe the laws are changing and it is hard to keep up with the changes.She also dislikes that she is having a hard time find a Job, in a Public school, within her hometown or close to her home. If she would be able to get into a public school she is finding out that her pay rate could be based on test scores. If her class would get lower score on state testing then she could get a pay cut. The only thing that Ashley dislikes about working for Head Start is they pay you very low for all the work they require from you. There are not enough hours in the day to complete everything they sky of you.

Essay on U.S. Influence on Latin Culture - 989 Words

Since the beginning of the United States intervention within the affairs of Latin American politics in the beginning of the twentieth century, and since the advent of a U.S. effort towards the modernization of Latin America, influences aimed at empowering communities and bringing about democratic movements among Latin American countries have been accompanied by various forms of exploitation and cultural decimation (Leonard, 1999). Efforts at modernization of Latin America have been carried out partly in opposition to the influence IberoCatholic culture (of Spain) which is reported to deprive the Latin Americans of the essential tools for progress: a future vision, a work ethic, the importance of education, a reward for merit, a sense†¦show more content†¦imposes (Mcanany, 1986). More recent and developed theories of the way in which cultural and economic manipulation are intertwined show that: ...the historical evolution of markets in different parts of Latin America... reveal the complexity of the process and the extent to which the state actors served as social engineers [emphasis added] in creating and shaping them. Indeed, the historical record shows that markets were not just locations of exchange or price-setting institutions but sites for different contests and conflicts over interests the complexity of which is not expressed adequately as economic. Although the effects of United States economic influence upon Latin America can not be separated from the cultural effects, my task is to focus on specifically cultural effects. However, as it turns out, Latin America, and particularly Brazil (Reiss, 1999), has been very successful in protecting its media from the potentially destructive forces of U.S. and global influence by maintaining control within governmental and private domains (Stevenson, 1994: 34). Music from the United States is also influential in Latin America. Cali, Columbia is reported - to some degree - to be a site of cultural identification with the phenomena and meaning of Rap music, and this serves as a positive example of U.S. influence. The significance embedded in this issue is very complex of course, involving the history of slavery, as well as currentShow MoreRelatedThe Latino And Hispanic Group1025 Words   |  5 Pagestoday in the U.S. and has a variety of different groups. According to the U.S. Census, a Latino/Hispanic person can be black or white when considering race. 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