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Post #10 - (November 25th, 2019) - Thailand Villages

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Post #10 - (November 25th, 2019) - Thailand Villages

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Villages in Thailand have recently begun modernizing and expanding development with the income their economy is gaining from the companies of the core nations. Since the trade war had started, many companies looked away from China for cheap labor, and Indonesia was a prime area. Thailand has used the resources they have gained to update villages and make them more safe and productive, making their domestic projects a goal for other nations to strive for according to the U.N. This relates to our class because it shows the benefits of globalization for a periphery nation. Thailand has had trouble keeping up with the modern world, but these business opportunities have given the nation new life and allowed them to pick themselves up and move into the semi-periphery nations.

https://www.nytimes.com/2019/11/19/business/thailand-doi-tung-women.html?searchResultPosition=3

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Post #9 - (November 19th, 2019) - BRICS Nations Vow to Stand Up to Unilateral Protectionism

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Post #9 - (November 19th, 2019) - BRICS Nations Vow to Stand Up to Unilateral Protectionism

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The BRICS nations have stated that they feel the current global climate is leading to uncertainty with the global economy. They are urging the worlds nations to keep trade arrangements open, and to enforce the policy's of the World Trade Organization. They are trying to decrease their dependency on the U.S. dollar and instead create a universal currency for their member nations. This relates to our class as it shows negotiation for a more open global trade network. The trade war the U.S. started has affected all of the BRICS members, most of all China. If they BRICS members can lessen their dependence on the U.S. dollar, the trade war will not effect them as much.

https://www.nytimes.com/reuters/2019/11/14/world/14reuters-brics-summit.html?searchResultPosition=2

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Post #8 (November 14th, 2019) - If People Were Paid by Ability, Inequality Would Plummet

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Post #8 (November 14th, 2019) - If People Were Paid by Ability, Inequality Would Plummet

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Statistics show that workers who work menial jobs who are often have greater intelligence are often underpaid, while those in high paying occupations are often overpaid. However, if people were paid based on their ability, rather than the job that they were working, wealth inequality would drop down to levels matching the European Union. Most of the wealth is owned by the owners of corporations, who have no marketable skills, under this new system they would be brought down to the same level as the rest of us. This relates to our class as it shows domestic inequality, corporations are taking advantage of workers and underpaying them, leading to strikes and protests. These corporations are also not being held liable for damages to people and the environment.

https://www.nytimes.com/2019/11/08/upshot/inequality-paying-by-ability.html?searchResultPosition=11

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Post #7 (November 7th, 2019) - China's Xi Praises Free Trade

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Post #7 (November 7th, 2019) - China's Xi Praises Free Trade

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Xi Jinping is trying to promote China as a nation that loves free trade, and welcomes it with open arms. However, China is having trouble striking a deal with India, as well as continuing to feel the effects of the trade war, people are having a hard time believing that China truly supports that claim. However in a show of good faith, China allowed its own currency to strengthen through global trade. It is unknown if this will be enough to appease the U.S. into ending the trade war. This relates to our class as it shows how global trade networks effect other nations, China is struggling to keep itself afloat with the trade war going on and it is desperate to end it. As long as the trade war continues, China will continue to have economic stagnation.

https://www.nytimes.com/2019/11/04/business/china-xi-trade.html?searchResultPosition=13

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Post #6 - (October 25th, 2019) - Chile Learns the Price of Economic Inequality

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Post #6 - (October 25th, 2019) - Chile Learns the Price of Economic Inequality

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Chile is usually considered a haven for capitalism, however this system has allowed only a chosen few to elevate to the very top allowing for Chile to have one of the worst wealth inequalities in the world. Protests and riots are beginning to occur in the nations capital, while the government sits and does nothing to address the issue at hand. Despite Chile's prosperity into the developed world, it means nothing if its people are unhappy. This relates to our class by as it involved domestic wealth inequality. If a nation has unequal distribution of resources than it can not develop to the same status that most core nations share. It is of the upmost importance that a nation give money back to the people, as a populace that cannot spend will lead to a depression.

https://www.nytimes.com/2019/10/22/opinion/chile-protests.html?searchResultPosition=12

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Post #5 - (October 14th, 2019) - Vietnam Labor Hurt By Trade War

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Post #5 - (October 14th, 2019) - Vietnam Labor Hurt By Trade War

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While the trade war between the U.S. and China continues, the rest of the world continues to feel the side effects in their own economies. To combat the Chinese, the companies that rely so much on cheap labor are beginning to move their factories to Vietnam. It relates to our class as it shows the global trade network fueling the Vietnamese economy, helping their nation grow economically. This will help the Vietnamese economy in the long term, Vietnam is using the resources that are being given by the companies of the world to educate their workforce.

https://www.nytimes.com/reuters/2019/10/11/world/asia/10reuters-vietnam-labour.html?searchResultPosition=9

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Post #4 - (October 7th, 2019) - UK Power Station

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Post #4 - (October 7th, 2019) - UK Power Station

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The UK recently passed a bill that would allow old coal burning machines to be replaced by more energy efficient gas powered machines. The gas fired turbines are replacing traditionally used coal fired machines that have been used in the past. These turbines are also more environmentally stable, as they have less impact on the environment as burning coal does. This relates to our class as it shows domestic development, construction of these turbines will create thousands of jobs for the U.K. workforce, growing their economy. More of these turbines have been approved for future construction, allowing the job market to grow in this area.

https://www.bbc.com/news/business-49960817

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Post #3 - (October 1st, 2019) - America's Forgotten Colony

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Post #3 - (October 1st, 2019) - America's Forgotten Colony

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Ever since the hurricane in 2017, Puerto Rico has had nothing but hardship plaguing its citizens. America has let Puerto Rico sit around and it has done nothing to help rebuild the island. If the island was its own nation, it would be rated as a third world country, which is considered an embarrassment to the world. This relates to our class as it shows what neglecting a nation can have on the U.S. economy, Puerto Rico's main source of income is tourism, and tourism hasn't been popular while the nation sits in ruins, the island contributes more to the U.S. economy than 11 other states. The U.S. needs to repair the island, not only to boost the islands economy, but their own as well.

https://www.foreignaffairs.com/articles/puerto-rico/2019-06-11/americas-forgotten-colony

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Post #2 - (September 23rd, 2019) - Venezuelan Sanctions

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Post #2 - (September 23rd, 2019) - Venezuelan Sanctions

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The Venezuelan government has been oppressing its people, and as such the people are trying to flee the country. The people are starving, in desperate need of medical supplies, and are living in the streets. The U.S. and other countries have placed sanctions on the government in order to force the government to help the people. This relates to our class as it shows what effect other nations have over other nations in the global trade network, when Venezuela is sanctioned, the government gets no money, there fore their economy is in ruins. And since their not getting resources from imports, it makes things worse for the people living there, causing more sanctions.

https://www.nytimes.com/2019/09/23/world/americas/us-venezuela-europe-united-nations.html?searchResultPosition=6

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Post #1 - (September 15th, 2019) - Trade War With China

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Post #1 - (September 15th, 2019) - Trade War With China

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China has been threatening to use their own currency as a weapon in the trade war with the United States. The Chinese feel they had little choice as they are dealing with an emotionally driven leader of the United States, they are using this new weapon to further their own economy. This relates to our class as it involves global trade, the sanctions that the U.S. and China are putting on each other is hurting the global economy as a whole, not to mention the U.S. economy who is losing. As long as the war continues, the world will not see economic growth.

https://www.nytimes.com/2019/08/06/world/asia/china-xi-jingping-trade.html?searchResultPosition=10