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Global Economic Issues - Learn the Benefits and drawbacks of Having a Global Economy

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International Social Mutual Aid Network (I-Sman) can be a platform for folks where they could share their financial resources amongst themselves and grow up as a residential district together, yet living in different continents of the world. I-Sman will be the Common Man's Fight Against The Unfair Global Economy System. I-Sman is the new worlds crowd-funding and crowd-investing platform. I-Sman


Globalization

To be able to acquire a deeper comprehension of the worldwide economic issues resulting in the present global recession we have to look at the history, things that work, and also the stuff that have harmed our planet's economy in general.

Because of the downfalls of your global economy depending on capitalism, there are entire activist movements spending so much time to stem the tide of third world countries being consumed with this global economy. Continue reading and I'll explain a few of the basics.

History

A global economy is not actually a brand new idea. People have been traveling by sea to trade goods for hundreds of years. At the center Ages, traders would travel over the Silk Road connecting China and Europe. I-Sman Malaysia

Through the Industrial Revolution with the late 1700s, steam engines triggered faster production machinery in addition to steam powered boats enabling individuals to produce, deliver and trade goods considerably faster than in the past.

Following your 1980s, however, globalization really picked up speed. Events just like the NAFTA (North American Free Trade Agreement) and the formation with the WTO (World Trade Organization) exposed the markets dramatically. These and other factors allowed the complete global economy to become held under one system for the first time ever.

Pros and Cons

Globalization allows nations to produce the things they're doing best. If your country can get cheap coffee from another country, they are able to focus their agricultural efforts on a crop that's more appropriate to their climate. The increase from the overall market size can benefit consumers by providing cheaper and much more easily obtainable goods.

Now, for your down side(s). Industrialized countries experience significant unemployment when corporations outsource or relocate to areas of cheap labor. Nevertheless the biggest and perhaps most upsetting downside is globalization, as we have approached it in the last three decades, directly results in the poorest countries growing poorer. These countries get gobbled up by corporations quickly quite often having their most important resources, including water that is clean, being taken from the citizens for privatized production and employ.

Continuing to move forward

The protest groups carry on growing and organize, using current global economic issues as evidence that everything has gone terribly wrong. However the problems lie not merely with the ethical concerns of globalization. Indicators are beginning to show which our current global financial crisis is about to get much worse. The best thing it is possible to is always to educate yourself, form your own personal opinions and discover how to protect your financial future.

 

Posted Nov 07, 2014 at 10:52am

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