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Post #10 (December 7, 2016) - MNCs, The Good and The Bad

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Post #10 (December 7, 2016) - MNCs, The Good and The Bad

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http://www.nytimes.com/2016/12/07/world/americas/in-cuban-town-that-hershey-built-memories-both-bitter-and-sweet.html?ref=world

Milton Hershey built a town in Cuba, where he built sugar refineries that provided infrastructure and high paying jobs to the locals. The industry left the town after Hershey’s death, the sugar refinery was nationalized, and the collapse of the Soviet Union caused the refineries to close. This shows that multinational corporations could bring good to developing economies, like this village in Cuba. However, it shows what could happen when those multinational corporations leave because often times when that income is taken away, not only do they fall into poverty, they can’t maintain the infrastructure.

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http://www.economist.com/blogs/buttonwood/2016/11/great-convergence

Richard Baldwin talks of many topics involving globalization in his book, “The Great Convergence: Information Technology and the New Globalization.” He talks of how developing nations need to accept foreign investment in order to be included in “global value chains,” which would involve their economy in the global market. He also talks of how the old theories, the ones we went over in class, on how developing nation’s can deveop their economy are outdated. His solution for a developing nation is to focus more on “skill intensive industries,” instead of “labor intensive industries,” by investing in education.

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Post #8 (December 4, 2016)- Trump vs. Globalization

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Post #8 (December 4, 2016)- Trump vs. Globalization

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http://www.nytimes.com/2016/11/25/business/international/trump-leans-on-carrier-to-keep-2000-us-jobs-from-moving-to-mexico.html

During Donald Trump’s campaign he preached preventing jobs from going overseas and bring jobs back to America. Now as president elect, he is working with Carrier to prevent them from moving two Indiana factories to Mexico, which would result in the loss of 2,000 U.S. jobs.  Many view globalization as negative because of companies moving production out of the U.S. for a cheaper cost. This is a dark side to globalization because of the loss of jobs for many and these towns where factories once were end up becoming impoverished and rundown.

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Post #7 (December 4, 2016)- The Threat of Syrian Refugees

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Post #7 (December 4, 2016)- The Threat of Syrian Refugees

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http://www.bbc.com/news/world-europe-38103375

Turkey has threatened the EU that it’s “border gates will be opened” if the EU continues to freeze talks of Turkey joining the EU. Turkey has almost three million migrants, most of them from Syria, and letting them travel to the EU is what Turkey means by opening the gates. This article speaks on the topic of migrants, in this case there’s a massive flow of Syrian migrants to Europe seeking refuge. In this case it is also an issue because these migrants have no place to stay, no money, and are considered a ‘burden’ to many European countries.

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Post #6 (November 21, 2016)- Trump and Tourism

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Post #6 (November 21, 2016)- Trump and Tourism

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http://www.nytimes.com/2016/11/10/travel/trump-travel-tourism.html?rref=collection%2Fsectioncollection%2Ftravel&action=click&contentCollection=travel&region=stream&module=stream_unit&version=latest&contentPlacement=15&pgtype=sectionfront&_r=0

Donald Trump’s campaign has been filled with anti-immigration claims such as the closing of borders to Muslims and building walls along the Mexico-U.S. border. The question addressed in this article is, how will Donald Trump’s presidency affect tourism coming to or leaving the U.S.? In class we talked of how tourism expenditure provides a significant amount of money to many countries’ economies, including America. If Trump follows through with his anti-immigration ideology, it may have a negative impact on tourism, and will result in a significantly negative impact on the U.S. economy.

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Post #5 (October 14, 2016)- FDI, allowing German Autos to Invade China

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Post #5 (October 14, 2016)- FDI, allowing German Autos to Invade China

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http://www.bbc.com/news/business-37652464

Volkswagen is seeing a recovery from the decline they suffered due to the emission crisis that was discovered last year. The German car company saw a 7.1% increase in deliveries in the month of September. The shocking fact is that out of the 947,600 deliveries worldwide, 382,300 of them went to China. This is a prime example of FDI, it’s a good example because it shows how FDI affects companies and countries in other ways then just economically. This action carried out by China makes a statement, that says they trust the German automobiles, as a result this helps Volkswagens image.

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Post #4 (October 8, 2016)- The United State's Populist Opinion on Globalization?

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Post #4 (October 8, 2016)- The United State's Populist Opinion on Globalization?

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http://foreignpolicy.com/2016/10/06/a-dismal-day-for-obamas-desperate-push-to-pass-his-asian-trade-deal/

The Obama Administration is making their last push for the Trans Pacific Partnership, TPP, which is a trade deal with eleven other Pacific nations that is looking to be unsuccessful. Obama brings up the question of how the U.S. has gone from a nation benefitting off of immigration, to one that’s now anti-immigration. From our discussions in class, we have determined that the U.S. is pro-globalization because it is one of the top contributors in world trade and commerce. Yet, this article argues that there’s a populist majority in the U.S. that are anti-trade, anti-immigration, and as a result anti-globalization.

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Post #3 (October 3, 2016)- Two Sides of The Same Coin: Is Foreign Investment Good or Bad? 

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Post #3 (October 3, 2016)- Two Sides of The Same Coin: Is Foreign Investment Good or Bad? 

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http://www.nytimes.com/2016/10/01/world/asia/china-us-foreign-acquisition-dalian-wanda.html?ref=world&_r=0

The U.S. Congress is starting to raise questions about China's foreign investment in U.S. media and entertainment companies. The fear is that the Chinese will carry out a personal agenda in the U.S Media, however Chinese investors argue they’re investing strictly for profit. This is directly related to the question raised in class, is foreign investment good or bad? If you ask both parties I believe you’d get mixed responses, the Chinese investors would say it’s good because of their financial benefits and most of the U.S. would argue the contrary because they wouldn’t want Chinese influence in their media.

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Post #2 (September 26, 2016)- The UN's '2030 Sustainable Development Goals'

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Post #2 (September 26, 2016)- The UN's '2030 Sustainable Development Goals'

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http://foreignpolicy.com/2016/09/26/the-u-n-is-sending-thousands-of-refugees-back-into-a-war-zone-somalia-kenya-dadaab/

The UN refugee agency (UNHCR) is sending thousands of refugees a day back home to Somalia from their safe refuge in Dadaab. The UN claims it to be a voluntary repatriation program, however many refugees claim it to be involuntary and that the support being given isn’t the support that was promised. We talked about the UN’s 2030 Sustainable Development Goals and I find it interesting that we see the UN, in the dealing with these refugees, contradict their own statement that they would “facilitate orderly, safe, regular and responsible migration and mobility of people…”(Goal 10.7)

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Post #1 (September 25, 2016) - Puertican View on Globalization

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Post #1 (September 25, 2016) - Puertican View on Globalization

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https://www.foreignaffairs.com/articles/2016-08-25/unwanted-help-puerto-rico

In Puerto Rico, President Obama passed an act that would put together a board that’s in charge of helping with Puerto Rico’s 70 billion dollar debt issue. The act is called PROMESA or the Puerto Rico Oversight, Management, and Economic Stability Act. Puerto Rican’s were opposed to this and this is related to the question brought up in class, do people like globalization? Puerto Rico has seen negative outcomes of countries having outside political help. As a result, I don’t think they liked that aspect of globalization, but I don’t think they’re opposed to globalization as a whole.