Globalization: Never Mind the Gap, it’s Not a Problem, or is it?

The three (3) things I significantly learned from the reading are: first, a certain

country grows dependently as the world of business continues to rapidly expand, and as

the technologies continue to develop. What we have today in our economy is based on

how our technologies develop in a way that it is somehow the cause of the evolution of

the trading system in the world. Second, because of the fast pace of development in

technologies, it gave a lot of benefits such as the transportation of exchanges in different

countries from various nations. That compared to the previous years, today's trading

transactions are much cheaper. The trend made the countries to take the risk in investing

and trading their goods to other places despite of the culture as people are gradually

accepting it. Investment and merchandising system are the most important in economic

globalization. In terms of the businesses, it became self-sustaining. However, in terms of

the countries, it made them to not be known as who they are. Due to this, they lose their

identity as that country. Lastly, there may be pros, but there are also cons of it. The

countries who benefit from economic globalization are the developed and powerful ones.

They have the money sent to them back and forth, however, this is not the case on the

countries that are developing and can’t afford to be developed yet. The space between

those countries resume to expand as the dominant nations didn’t consider the condition

of the developing states. As the dominant nations continue to be greedy.

The three (3) things that are still unclear to me are: first, the part where a certain

corporation was mentioned as it was said that it converted as the first exporter of the

economic globalization. Second, it was said that the process of it is same as the
development of global industrial. That as the science and technology continues to expand,

there are parts where some will also be upgraded. I think that with it, the expenses will

also be costly, causing the businesses to expand their capital just because they’re trying

to expand their possibilities. Third, organizations shall play the important part in the

operation of economic globalization. It was said that those groups should commit on

some rules were like showing openness shall be implemented. That they should act as if

they can lend money that can be loaned.

I used to think that there are minimal effects of having a dominant nation to

growing countries. Like, yes there are bad effects, but it can’t be that much. There are

things that will surely left the improving countries in the dust once the powerful countries

decided to team up, merge, to squish the ones who doesn’t have the power to fight back.

For sure, there are nation who only thought of themselves because they are that greedy

with money. If they do so, if it continues, then it would also affect them in such way there

are only limited countries who can afford it. Meaning You may have taken down some of

your competitor, but you won’t have buyers that much. It might be their downfall, or it

will be successful. I think it would depend on the customers whether they would choose

that or an alternative way.

The three (3) questions that I want to ask about the reading are the following:

first, it was stated that the government should help the companies in its jurisdictions on

how to improve their productivity, and how to be globally competitive. It that’s the case,

how will they be helped when the government focuses on other irrelevant things? When

the government showed very little care to its very own corporations? Second question is
also about the government in industrial structures. If the government spends its fund on

something else and not about how to evolve the science and technology, should the

country let it and just let establishments from other countries to take over? Do they have

the power to do something if the highest department chose to ignore it? Lastly, the

international economic groups shall be known as a lender. If its about lending a money

to the starting businesses, how would they know that the company won’t run with its

money? Or is there any classifications that needs to be checked before giving a help?