MRR1 On GED105

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?

MRR1 On GED105

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

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

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

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

they can lend money that can be loaned.

that or an alternative way.

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