I used to think that globalization was something that good for everyone since it brought along with it a lot of opportunities as promoted by WTO. Sadly, there are many downsides when it comes to the topic of economy, especially that of poorer countries. On the downside of…
This causes prices to fluctuate. Exports raise money for the exporting country but the amount of money the government makes is low. There are also environmental and cultural issues that cause negativity. Pollution and a loss of cultural identity impose a threat to many developing countries.
However, my very biased view was quite challenged when I read about Koffi Annan’s UN program for the 21st century. I was enlightened by the fact that globalization can be used as a tool in alleviating poverty in a poor country. The power of technology can be harnessed to improve agriculture and like the Anglo American corporation, many firms can be socially responsible to employees who are not exactly their fellow citizens. In fact, globalization can make MNE’s help a state or government to provide services indirectly to constituents.
A2. As of now, Colorado is also experiencing recession. Many firms have closed due to bankruptcy. Nevertheless, there are still measures that can be done to make globalization work for the said State. Below are my suggestions for the governor. However an in-depth study is required behind each suggestion.
A. Economic – Focus on industries that can compete globally. These industries must be innovative, dynamic and must be able to provide good manpower to other companies that need outsourcing. Industry trends must be analyzed carefully so that academe can prepare or train anticipated workforce of the future. ( long-term priority)
D. Education – There should be a close collaboration between the industry and the schools. Colorado must be able to match the graduates with the upcoming industry brought about by global companies that may invest in the State. ( long-tem priority)
A3 . Indeed, the United States has begun to keep a low-profile in international events. However, it doesn’t mean that it is carrying a big stick. It is just being ...
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