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Post #1 (October 5, 2018) Globalization in Retreat

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Post #1 (October 5, 2018) Globalization in Retreat

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https://www.foreignaffairs.com/articles/world/2018-04-16/globalization-not-retreat

This article discusses the fact that globalization is approaching a whole new era, where technology is taking over. This new phase of globalization can be postive in the way that consumers have free access to global trade, products, and information. However, many companies and work places must be aware that they are being heavily challenged and at risk of diminishing.

This article reminded me of the class study question about whether or not the world is flat. I think that this article enforces Friedman's belief that the world is flat and leveled in the economic sense. A technological world where all, rich or poor, are able to join the free market.

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Post #2 (October 5, 2018) China's growth model 

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Post #2 (October 5, 2018) China's growth model 

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https://www.economist.com/open-future/2018/06/13/is-chinas-growth-model-a-threat-to-free-market-economics

In this article the economic growth and success of China's economy is discussed. China is assumed to overtake America, making it the largest economy in the world. China is believed to   have possibly created a new model of development, one that in some very important ways opposes economic theory.

This article reminded me of Adam Smith and his strong belief in the "invisible hand."  In this article China is showing that government control can in fact increase the well-being and economic growth of a country. When the market fails the government provides "remedies" proposing that perhaps an economy can benefit, even when it might be "less free."

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Post #3 (October 6, 2018) Zambia's looming debt 

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Post #3 (October 6, 2018) Zambia's looming debt 

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https://www.economist.com/leaders/2018/09/15/zambias-looming-debt-crisis-is-a-warning-for-the-rest-of-africa

In this article Zambia, a Southern African country is nearing, or is already in a trajic debt crisis. Zambia is so vulnerable in its financial crises that countries, and corrupt elites are undoubtedly happy to take advantage and encourage Zambia's irresponsible barrowing. China is especially involved in that a third of Zambia's debt is owed to China.

This article reminded me of Immanuel Wallerstein, and his view of the world system. Wallerstien believes that the system makes it difficult, if not impossible for poor nations to develop. This part of the world system ensures that rich nations can  continue to primarily benefit, and maintain unequal trade relationships, exploiting poor nations. (China in this case)

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Post #4  (October 7, 2018) Chinese Investment brings racism 

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Post #4  (October 7, 2018) Chinese Investment brings racism 

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https://www.nytimes.com/2018/10/15/world/africa/kenya-china-racism.html

In this article Ruiru, Kenya is studied and the growing influence of Chinese corporations. Not only is China bringing their investments, money, and companies, but Kenyans and locals are fearing discrimation and blatant racism.  Kenyans are said to want and need the Chinese economic influence, but without the dehumanizing of their areas people.

This article reminded me of the sociological perspective of development and globalization aswell and the Dependency Theory. Rich nations and those in greater positons of power almost naturally dehumanize those that are vulnerable so as to maintain thier status and dominance.

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Post #5 (October 14, 2018) Trump Embraces Foreign Aid

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Post #5 (October 14, 2018) Trump Embraces Foreign Aid

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https://www.nytimes.com/2018/10/14/world/asia/donald-trump-foreign-aid-bill.html?rref=collection%2Fsectioncollection%2Fworld&action=click&contentCollection=world&region=stream&module=stream_unit&version=latest&contentPlacement=1&pgtype=sectionfront

This article gives insight on U.S.  foreign aid and investment in developing countries. Comments from the beginning of Trump's presidency are discussed and the fact that Trump decided that the U.S. would not provide any aid to countries who were not of any assistance or benefit to the U.S. However, after certain events that decision changed when Trump granted 60 billion dollars in loans.

This article reminded me of the class topic of the Washington Consensus and the principle of deregulation. I think by the U.S. investing in foreign aid and developing countries this allows for access to those countries markets and the resources they may have. By putting a stop to foreign aid restricts the resources and access the U.S. has.

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Post #9 (November 27, 2018) Superstar cities 

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Post #9 (November 27, 2018) Superstar cities 

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https://www.economist.com/finance-and-economics/2018/11/17/superstar-cities-have-a-big-advantage-in-attracting-high-paying-jobs

In this article new information about the large company known as Amazon is given. About one year ago Amazon announced the opening of a second headquarters. Of course the opportunity for a city to host this type of powerful corportaion is greatly desired by all, as the company would create thousands of new jobs and income. However, many were rightly dissappointed when Amazon chose the super city of New York.

This article reminded me about a lecture in class on how these global cities attract high paying jobs because they are more often then not concentrated with higher educated people. As well as low income living people who are willing to take on many of the lower positions for companies such as Amazon to continue to prosper.

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Post #6 (November 23, 2018) Regulators Worry as Banks Step Back  

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Post #6 (November 23, 2018) Regulators Worry as Banks Step Back  

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https://www.nytimes.com/reuters/2018/11/16/business/16reuters-g20-banks.html

In this article correspondent banking  is discussed. Correspondent banking is between different banks in different countries  who rely on one another in the transferring of money. In this case, London is said to be very hesitant with continuing this process because of stricter laws and punishment on terrorist financing.

This article reminded me about a class lecture as well as the King reading about remittances. When banks are facing these issues and no longer accepting money transfers this is affecting many who are relying on remittances from other countries. When remittances are not being recieved lives are not only personally affected, but the possibility for economic growth of certain countries is at risk.

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Post #8 (November 26, 2018) Democracies Need a Little Help  

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Post #8 (November 26, 2018) Democracies Need a Little Help  

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https://foreignpolicy.com/2018/06/07/democracies-need-a-little-help-from-their-friends/

In this article news about the foreign aid of nongovernmental organizations in India is presented. It is said that India's government officials wish to stop much of foreign aid to NGOs because of the idea that it is contrary to what a countries democracy should be, and does not portray self-governance.

This article reminded me of an assigned reading about foreign aid and how this aid does not only consist of funds, but also creates a relationship where cultural norms are able to be transfered to one or each of the countries. In this case the ending of foreign aid to Indian NGOs could also end the ability of activist to continue their work and influence.

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https://www.nytimes.com/interactive/2018/11/18/world/asia/china-social-mobility.html

In this article the idea of the "Chinese Dream" is talked about and how China is exceeding the United States in the sense that the ability to grow and rise out of poverty is becoming quickly more possible. There are still millions living in poverty, but today, they have many more available opportunities, resources, and new hope of the "Chinese Dream."

This article reminds me of the lectures and readings about Friedman's idea that the World can in fact be flat. In the sense that globally, if given the resoures, all can have the same access, information, and same way of life, if wanted, as someone on the other side of the world.

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Post #10 ( November 28, 2018) London-Paris business  

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Post #10 ( November 28, 2018) London-Paris business  

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https://www.economist.com/finance-and-economics/2018/11/17/superstar-cities-have-a-big-advantage-in-attracting-high-paying-jobs

In this article the two global cities, London and Paris are presented and their new business partnership. London and Paris are among two of the world's major cities and the income they both can gain from tourism, trade, and investment as a unit is a great business endeavor.

This article reminded me of the assigned reading about global cities and how these cities maintain their power well beyond their own respected territory. The global cities exert power through maintaining an income within their region, creating attractive events, many activities, and large corporations.