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Post #10 - EU approves Ireland’s early repayment of last of IMF bailout loans (November 27, 2017)

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Post #10 - EU approves Ireland’s early repayment of last of IMF bailout loans (November 27, 2017)

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https://www.ft.com/content/832e51b8-f6fb-3d99-ad87-d4defac42cf5

When Ireland's bank systems failed during 2011-2013, The International Monetary Fund loaned the country 4.5 billion dollars. It is interesting that repaying money would have to be approved, but that is just how the system works. Many countries do not pay back loans early but in Ireland's case, paying the loan back early will help the countries overall debt sustainability. In class, we talk a lot about the IMF and about the vicious cycle of these huge loans that they give out. A lot of countries that obtain loans from the IMF will need another loan to pay back the first loan. It is nice to see that this is not the case for Ireland.

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Post #9 - The third wave of globalisation may be the hardest (November 27, 2017) 

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Post #9 - The third wave of globalisation may be the hardest (November 27, 2017) 

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https://www.economist.com/news/books-and-arts/21710240-first-free-movement-goods-then-ideas-momentum-may-stop-free-exchange

This article analyzes how the first wave of globalization un-bundled production and consumption and that a lot of demand was based on foreign demand. Globalization also significantly changed when the internet was introduced to the world in the 1990's. Information began to become more accessible and the amount of time to retrieve information also became faster. It is implied that the third wave of globalization is the aspect of outsourcing. Companies are outsourcing their labor to cut cost to make their products while still have the product at the same price. In China Blue, we witnessed the conditions of a sweatshop that was making jeans for an American fashion company and the effects of outsourcing.

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Post #7 - Globalization for all (November 30, 2017) 

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Post #7 - Globalization for all (November 30, 2017) 

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http://www.ejinsight.com/20171012-globalization-for-all/

This article analyzes how trade is the key factor in helping sky rocket global economic growth. This article also recognizes that globalization should be readily available for small businesses and firms so they can participate in the global economy like the big dogs. The article also recognized that because of the climate in 2017, a lot of people do not have knowledge of trade and the effect it has globally, so it is the perfect time to educate the masses. Unfortunately current policies that want to be in place would like to reverse the progress that globalization has enforced over the past 30 years.

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Post #6 - The Invisible Hand Struggles to Help Healthcare (October 11, 2017) 

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Post #6 - The Invisible Hand Struggles to Help Healthcare (October 11, 2017) 

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https://www.deseretnews.com/article/865690226/Op-ed-The-invisible-hand-struggles-to-help-health-care.html

This article visits how the invisible hand, a term coined by Adam Smith doesn't help the health care industry. We talked about the invisible hand throughout class and the health care industry isn't a free industry and shouldn't be handled like normal markets that prescribe to the invisible hand concept. Healthcare in regards with the invisible hand concept will not work because when helping provide better and more efficient healthcare, the market behind that should be hands on.

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Post #8 - The globalisation counter-reaction (November 27, 2017)

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Post #8 - The globalisation counter-reaction (November 27, 2017)

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https://www.economist.com/blogs/buttonwood/2017/06/1914-effect

The first era of globalization is categorized as being from 1870-1914 and when it was introduced to the New World and to Europe, it is important to know that it caused tremendous growth among New World and European countries. Migration also helped European countries but not the New World. Increased migration means more workers to contribute to industry. During the second era, the benefits of globalization were reversed due to the the first World War. The third era, globalization disrupted power structures and governments have since began to campaign against globalization to selfishly protect global trade for their country and their country alone.

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Post #5 - UN chief outlines strategy to reshape global finance for sustainable development (November 29, 2017) 

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Post #5 - UN chief outlines strategy to reshape global finance for sustainable development (November 29, 2017) 

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http://www.un.org/apps/news/story.asp?NewsID=57539#.Wd-sp1tSzIU

This article reminds me of discussions in class relating to the goals of the United Nations by 2030. The United Nations had 17 goals to achieve globally by 2030 although large goals they are attainable but not only does it take global participation, it takes money. This article discusses the financial aspect that will need to be put into place by the United Nations to help achieve the 17 goals by 2030. The United Nations manages around 300 trillion dollars and the money will need to managed well enough to contribute to things like their goal of no poverty and clean and affordable energy. The UN came up with a three part strategy but the most important part was when he said that he will help enact change and financial systems to harness more investments in the UN 2030 project."

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Post #4 - World Bank warns technology, trade changes disrupt manufacturing-led development (October 10, 2017)

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Post #4 - World Bank warns technology, trade changes disrupt manufacturing-led development (October 10, 2017)

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http://www.chinadaily.com.cn/business/2017-09/21/content_32279965.htm

This article reminds me discussions we've had in class about job security and how technology is replacing low-skilled jobs. Replacing low-skilled jobs with computers or robots will slow or halt manufacturing-led development in countries. This will also increase the amount of job skill you need to acquire to get any job, especially jobs that were once classified as "low skilled" jobs.

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Post #3 - IMF Calls for Fiscal Policies that Tackle Rising Inequality (October 5, 2017)

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Post #3 - IMF Calls for Fiscal Policies that Tackle Rising Inequality (October 5, 2017)

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http://www.straitstimes.com/business/imf-calls-for-fiscal-policies-that-tackle-rising-inequality

This article is relevant because of how it recognizes how globalization effects development, which is the theme of our class. The article highlights how globalization and technology advancement masks global inequality and has given more wealth to the 1%.

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Post #2 - Why Asia is the Champion of Globalization (October 4, 2017

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Post #2 - Why Asia is the Champion of Globalization (October 4, 2017

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https://www.theglobalist.com/asia-globalization-development-china-united-states-eu/

The article is relevant because its parallels to globalization as development discussed in class. Asia is dominating Globalization according to statistics and has more than 50% positive impact on their society in comparison to Western countries where it has less than 50% positive impact.

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Post #1- Ending Inequality Between Countries: Not By Trade Alone (October 3, 2017)

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Post #1- Ending Inequality Between Countries: Not By Trade Alone (October 3, 2017)

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https://www.theglobalist.com/income-inequality-globalization-migration-united-states-china-europe-africa/

This article reminds me of the Bornschier, Chase – Dunn and Rubinson's article that we discussed in class relating to Foreign Direct Investment and how it effects income equality for countries short-term and long-term. Ideas on how to end income inequality between countries are mentioned but it may take a century for said inequality to lessen.