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How Globalization Affects Discrimination

How Globalization Affects Discrimination

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Published by Joshua Ioji Konov
Such economic growth succeeded by the Most Developed Economies affected gradually the rest of the world by opening countries and markets to the ongoing globalization and by raising constant attention to the unacceptability of any discrimination: after the fall of the Berlin Wall and after the China entering WTO, after the succeeded economic growth and development by China,
Such economic growth succeeded by the Most Developed Economies affected gradually the rest of the world by opening countries and markets to the ongoing globalization and by raising constant attention to the unacceptability of any discrimination: after the fall of the Berlin Wall and after the China entering WTO, after the succeeded economic growth and development by China,

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Published by: Joshua Ioji Konov on Jul 04, 2010
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02/28/2013

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How Economics affects DiscriminationThe economics of trickle-down Capitalism has proved to the world its powers to create jobs and the consequential Middle Class of the modern day society. In times of relativeeconomic growth with short self adjusting cycles, supported from “easy” business lawsand regulations, in times of supply driven markets this system performed fine by buildingand maintaining such industrial powers as US, Germany and Great Britain to succeedhigher then everywhere else’s Standard of Life and reduction of poverty, and generalliberalization by constant fight against discrimination because of color, religion or nationality; such liberalization was brought and was supported by consistent continueseconomic development. Thus how in the US from slavery a few Centuries ago PresidentObama was elected, thus how in the current German National Soccer Team some of the best players are from foreign descend; thus how London has become international Mega- polis; in this very developed economies the constant fight against any discrimination hasrisen people consciousness to higher levels when the economic conditions have givenopportunities to people from different descend and background to succeed in life becoming productive members of their societies.Such economic growth succeeded by the Most Developed Economies affected graduallythe rest of the world by opening countries and markets to the ongoing globalization and by raising constant attention to the unacceptability of any discrimination: after the fall of the Berlin Wall and after the China entering WTO, after the succeeded economic growthand development by China, Brazil, India and many more countries around the globe theacceptance of any discrimination as something normal has become less and less tolerable.It also became obvious that discrimination works against economic growth on a pure practical level by creating poor market conditions by destabilizing these markets by theresistance of the oppressed and by the resistance of the societies of the Most DevelopedEconomies to accept import from places and countries that tolerate discrimination ontheir territories. It is obvious from economic stand point that for any countries to developits economy a open border trade policies from the Most Developed Economies is neededfrom one side access to high technologies in manufacturing and from another side accessto their markets are paramount. Thus the global processes of liberalization of countriesand reduction of discrimination are most definitely to continue.However, the Great Recession of the 21
st
Century had a very negative effect on theongoing liberalization and the consequential reduction of discrimination of manycountries. Because of the economic stagnation: lack of Fiscal reserves and fast shrinking National budgets the minorities that usually are in the bottom of these countrieseconomies were greatly affected bringing waves of national sentiments to the majoritiesof these impoverished nations: from North to South from Easter Europe to East to Westin countries like Rumania, Bulgaria, Spain, and Ireland there have been less patiencetoward minorities and immigrants, even in countries like Nederland and Great Britainimmigrants were becoming less tolerated by law or by the societies as a whole. Theeconomic crisis has shown to people how negative effect economic conditions could haveon the general liberalization from excessive nationalism and xenophobia, and even to turn back many succeeded already liberties and ante-discrimination practices: such an
 
example are the open employment policies that numbers were either reduced or totallydismantled by many countries in the conditions of this economic dismay, other exampleare the financial policies for when before the Great Recession fiscal shortages were muchmore tolerable and the inter-financial system in European Union worked very smoothlyin time of economic growth with the change provoked by the recession such fiscalshortages exampled by Greece, Ireland, Poland and Portugal have become intolerable,thus even when the European Union established a Fund to help these countries in case of major default the accent was not their development or growth but their fiscal discipline by reducing substantially their budgets, and because the minorities and immigrantselsewhere are always on the bottom of these societies the prompted budgetary cuts firstand at most affected these unprivileged lower classes of minorities and immigrants.Gypsies and immigrants, colored and any different from the majority individuals could beon religious or descend were becoming less tolerated and accepted because of the GreatRecession; the economic consequences of the Great Recession of the 21
st
Century hasturned back history by the change of ongoing at the time liberalization and acceptance of difference; economic struggle has brought back not only poverty to many minorities andimmigrants, but also it has brought back excessive nationalism and xenophobia to some people that were totally away from such feelings; general unemployment and economicstagnation, difficulties to meet the ends, business reduction are affecting anyone in oneway or the other reducing tolerance and philanthropy; the effect economic recessionshave on individuals and whole countries is very regressive indeed.Under the pressures of the European Union to maintain low deficit Countries as Bulgariahave cut their Medical and Social expenses to the bone depriving many from basicmedical and social services where such drastic cuts have affected at its most Bulgaria’sGypsies who even before the cuts were on the bottom of the society but after these cutsthey have become so impoverished that actually such conditions were not seen maybe butin the beginning of the Last Century. The lack basic needs of food, medical help andutilities are becoming vital for them to survive: the discrimination is not into physicalviolence by the majority by the economic such that came as a consequence of the GreatRecession, and when these hardships affects the majority of Bulgarians in one way or another the “tools” that could take the minorities out of their current situation such aseducation and economic development are becoming more obscure by the day.Therefore to talk about tight budgets and fiscal restrains is synonymous of to talk aboutrising discrimination against minorities and immigrants.In time of rapidly improving high technologies prompting rising productivity, fastglobalization and fast industrialization of vast economies of China, India, Brazil andVietnam the expectations of industrial development of many countries around the worldmay prove futile; even in most industrialized economies outsourcing of manufacturingand capital toward China may well shrink their fiscal reserves or at least reduce the sizeand speed of economic growth, that consequentially might devastate even farther the lessdeveloped economies fiscal reserves, that could result into rising discrimination againstminorities, immigrants, and the poor overall. When at the moment industrial production
 
adds to the majority of most economies GDP and Fiscal reserves the relation betweentheir budgets and industrial production is direct. Such direct relation is supported andmaintained by the Global Financial System of the World Bank, IMF and WTO whichsystem works very well in time of short cyclical global economic growth but performsvery poor in time of long term recessions and shortages of demand. When lending done by the Global Financial System is smooth when lend capital is returned after shortrecessions and helps economies revival when industrial production has generally shiftedand moved away from many economies of European Union and North America and at thesame time improving technologies have reduced employment even when manufacturingemployment still remains their that possibly of positive effect from high interest lendingis a delusion. Even farther, with the deepening fiscal shortages for many economies theseeconomies ratings come down and they start borrowing on even higher interest rates. It isobvious that such “double jeopardy” Global Financial System may finally contribute for the impoverishment of many countries and markets and their demise instead of their economic development that lack of economic improvement will directly affect the issueof discrimination against minorities, immigrants and anyone different by somehow.Other factor that affects discrimination is the rising energy prices: the diminishingquantities of Crude Oil, Natural Gas and other natural recourses has had devastatingaffect to the less developed economies by rising utility and transportation expenses whenat the same time lack of industrialization has prompted their fiscal shortages, thus howmany economies have lost their ability to maintain fiscal reserves and budget to deal withthe lowest levels of their socio economic structure where the minorities and immigrantswere.
Foster
Fuels are diminishing by time and these are priced on a Global marketplacetherefore less developed economies deal with such rising prices much harder then themost developed economies do. Such Global stagnation does not affect only lessdeveloped economies but it most definitely affects the most developed too: rising crime, poverty, shrinking consumption and expanding emigration in process in less developedeconomies reduce export, industrial production supported by rising immigration theground for intolerance against anything different is growing too.The dangerous Global pollution levels ask for prompt action to use technologies for lowemissions and maintain clean environment for the Earth to survive, but these newrequirements require a lot more expenditures by all countries, and because most of renewable technologies are quite expensive and with low productivity they mostly gotoward expanses then toward profitable industrial production; such technologies reducecompetitiveness to even Most Developed Economies on the open global marketplacewhere even without it lower employment expanses in other parts are more then enough totrigger outsourcing, but the needed such expanses are totally out of reach for many lessdeveloped economies with constantly shrinking standards of life and fiscal reserves. Thusthe expenses for cleaning the Earth environment will put additional pressures to the fiscalreserves and the impoverishing of minorities and immigrants will go even farther.Putting in context all of the above a natural global growth in the conditions of currentlyused Global Financial System is quite improbable to reduce poverty and enhance fiscalreserves for many economies to respond in constant lack of outsourced industrial

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