GLOBALIZATIONBy Manuel CereijoFor the first time in the history of mankind, we are in a situation where any product can be...
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GLOBALIZATIONBy Manuel CereijoFor the first time in the history of mankind, we are in a situation where any product can be sold anywhere and everywhere. This means, in a capitalist economy, every component, every activity, which is more efficient and convenient, and sold more market where profit is obtained. Today, the factors of production-natural resources, capital, technology, and labor, and products and services are moved around the world, and technology is used where it produces more money.The jump of a national economy is a global economy, many times, a very big jump. Hence, the regional free market that exist in the world today. The central conflict in this global economy is the struggle between the forces stun, static, and business forces that break world trade deal. These corporate forces have joined an explosive expansion of international investment; they leave behind all kinds of economic nationalism.The belief that the good fortune of others is eventually good fortune of oneself is not easy or invariably the human heart. It is, however, a golden rule, and which we must always remember. It is the key to peace and prosperity, a source of progress results. Is the anti-envy. This golden rule is its scientific basis in the mutual gains through trade, the demand generated by the engines of supply, in the expanded opportunities created by growth.National wealth and it is very important that we understand this is not a zero sum game, meaning that some have more, others will have less. No, national wealth can and should be increased, giving everyone the opportunity to thrive. Wealth does not make the poor a country. Not only the wealth does not bring the general poverty of a country, but a major cause of a country that is economically unsuccessful existing between the people of this country the notion that poverty brings wealth. This misconception is added hate the rich, the desire to expropriate, nationalize, the concept that property is proceeds of theft. A country cannot do without their own initiative, of individual responsibility. Man and society for whom nothing is sacred are falling morally. A global economy and globalization means that factors of production-natural resources, capital, technology and labor, goods and services move around the world. It means the acceleration and intensification of economic interaction between people, companies, and governments of different nations.There are two main forces driving globalization. Since the last two decades, governments have greatly reduced trade tariffs and associated corporations have signed agreement with foreign corporations, forming an international industrial structure. The other factor is technology. Advances in telecommunications, computers, and the development of the Internet have completely transformed the opportunities for production, services, trade.A characteristic phenomenon of what is known globalizations as the price factor equal. That is, the prices and values of commodities, rents, salaries, interest, etc tend to equalize. For example, the wages of labor tend to rise in countries that are low. This greatly benefits developing countries.One effect of globalization has been the enormous growth of international trade, of $ 320 billion in 1950th $ 7 trillion in 2001. As a result, consumers have at their disposal a wider selection of products. Globalization has also made possible an increase in per capita income, has created more jobs, and increased the purchasing power of the workers
Material Type:
Reference Material
Author:
Manuel Cerejio
Date Added:
Oct 31, 2012
Date Modified:
Oct 31, 2012
