You are on page 1of 2

Q1. What 3 questions come to mind as you read the article .

1. The first thought that came to mind was a question about the relationship between the concept of
market liberty and the independence I have in my own life.

To put it differently, can one accurately assess one's degree of self-freedom based on one's potential to
collect money and accumulate wealth?

With this question, I began to consider the market's power dynamics and the myriad ways in which it
was used to impact the lives of others.

2. The follow-up question that came to mind was how we came to embrace a single system of values
that is preoccupied with financial gain and materialistic things.

It appears to me then that the current economic situation has led to a system of values that is solely
focused on the accumulation of money, resulting in significant inequality and poverty

3.Who is in charge exactly?

This was the final question that came to mind.

Governments? People?

It appears that a tiny number of highly powerful corporations and individuals dominate the economy,
while the general public is largely excluded from the decision-making process.

It is of curiosity to me to understand how the market's power dynamics have evolved over the years and
how we can build a fair, equitable, and more just system.

As a result of your questions, the market's power dynamics and the ways in which it impacts our lives
have moved to the forefront of my mind . It is critical for me to understand the factors that contribute to
poverty and inequality, in addition to the means by which we can design a more equitable and just
system.
Q2. Explain how you came up with the question and why it interests you.

One question that arises is, what are the features of those TNCs that grow in power as globalisation and
international trade continue?

There must be inherent characteristics in these corporate entities that allow them to be more powerful
than other TNCs.

If these characteristics are identified, they may help to level the playing field for all TNCs.

How much impact should a TNC have on a domestic country's economic, social, and even political
issues?

Is this a disaster for the aforementioned domestic country?

If these TNCs gain too much power, their interests may overpower domestic countries and seize the
status of actual sovereign states; that is not the reason for allowing trade agreements. Because
developed countries' TNCs have more clout in WTO meetings, they can impose import restrictions.

The United States and the European Union, for example, have stringent sanitary as well as
phytosanitary guidelines for agricultural products from developing countries.

Is it fair to charge rates higher than those set by the WTO in order to promote free trade?

You might also like