https://padlet.com/haseebsaleheen95/ck950pmcfolyhj5w By Mohammed Haseeb C. en-us 2022-12-02 06:59:44 UTC 2022-12-10 05:00:28 UTC hello@padlet.com haseebsaleheen95 https://padlet.com/haseebsaleheen95/ck950pmcfolyhj5w/wish/2406944334 Globalization is the integration of world economy, which is comprised of free trade between interdependent nations.

While globalization has it's benefits, it can often find ways to get in the way of progress but with a little structure the world economy would shift.]]> 2022-12-02 17:30:15 UTC https://padlet.com/haseebsaleheen95/ck950pmcfolyhj5w/wish/2406944334 haseebsaleheen95 https://padlet.com/haseebsaleheen95/ck950pmcfolyhj5w/wish/2407608110 2022-12-03 17:27:01 UTC https://padlet.com/haseebsaleheen95/ck950pmcfolyhj5w/wish/2407608110 haseebsaleheen95 https://padlet.com/haseebsaleheen95/ck950pmcfolyhj5w/wish/2407615627 2022-12-03 17:44:41 UTC https://padlet.com/haseebsaleheen95/ck950pmcfolyhj5w/wish/2407615627 haseebsaleheen95 https://padlet.com/haseebsaleheen95/ck950pmcfolyhj5w/wish/2407653827 2022-12-03 19:24:37 UTC https://padlet.com/haseebsaleheen95/ck950pmcfolyhj5w/wish/2407653827 haseebsaleheen95 https://padlet.com/haseebsaleheen95/ck950pmcfolyhj5w/wish/2407654659 2022-12-03 19:27:25 UTC https://padlet.com/haseebsaleheen95/ck950pmcfolyhj5w/wish/2407654659 haseebsaleheen95 https://padlet.com/haseebsaleheen95/ck950pmcfolyhj5w/wish/2407656918 1.What did you learn about your topic that surprised you the most? 
A. Learning about the effect of the interconnections of countries and how they affect each other. Every country is designed for their own benefit by doing things like fixing exchange rates for example.

2. Provide a real-life example of how this topic is relevant or interesting for you. 
A. I moved countries and noticed the value of currency i used at the time to be worth different at different times.  Being in a global economy and wanting goods, every piece in a completed assembled products is changing value every day depending on the markets.


3. If you could pass on your knowledge to a family member or friend, what do you think is the most important thing to pass on? 
A. The most important thing to pass on would be to teach compound interest and which markets to focus on if global sustainability is a personal goal.]]> 2022-12-03 19:34:17 UTC https://padlet.com/haseebsaleheen95/ck950pmcfolyhj5w/wish/2407656918 haseebsaleheen95 https://padlet.com/haseebsaleheen95/ck950pmcfolyhj5w/wish/2407846883 2022-12-04 07:08:32 UTC https://padlet.com/haseebsaleheen95/ck950pmcfolyhj5w/wish/2407846883 haseebsaleheen95 https://padlet.com/haseebsaleheen95/ck950pmcfolyhj5w/wish/2408279419 2022-12-04 21:27:28 UTC https://padlet.com/haseebsaleheen95/ck950pmcfolyhj5w/wish/2408279419 haseebsaleheen95 https://padlet.com/haseebsaleheen95/ck950pmcfolyhj5w/wish/2408290313 2022-12-04 21:51:40 UTC https://padlet.com/haseebsaleheen95/ck950pmcfolyhj5w/wish/2408290313 haseebsaleheen95 https://padlet.com/haseebsaleheen95/ck950pmcfolyhj5w/wish/2408649954 2022-12-05 05:43:57 UTC https://padlet.com/haseebsaleheen95/ck950pmcfolyhj5w/wish/2408649954 haseebsaleheen95 https://padlet.com/haseebsaleheen95/ck950pmcfolyhj5w/wish/2410068968 A professor of Economics from McMaster University, Atif Kubursi speaks about international economic and trade developments surrounding concerns about globalization.

Though there are many disadvantages, the main advantage is that countries were not forced to buy goods and services produced in their own countries. By doing so it gave the companies the chance to shop for those services at other countries to save money. 
The security of a secure supply comes with a cost of higher inflation. Buying from more expensive producers, raises the inflation level in the long term.
The main current factor for inflation is COVID-19, soaring international energy prices and U.S.'s high tariffs to undermine globalization on the grounds of so-called national security.

Atif Kubursi of McMaster University hopes to have an optimistic future for all with a balanced economy, but globalization takes a while to balance out the unpleasantness.


]]> 2022-12-06 03:06:25 UTC https://padlet.com/haseebsaleheen95/ck950pmcfolyhj5w/wish/2410068968 haseebsaleheen95 https://padlet.com/haseebsaleheen95/ck950pmcfolyhj5w/wish/2410078847 Globalization and price gouging has caused businesses to inflate their prices. Factors such as greed-flation, shrink-flation and price discriminations had led to steep rises on every product. 
This video focuses on the fact that simple household goods for example the cost of cheesecake has gone up 27% since 2022. 
In brazil shoppers are informed about about packaging improvements or price changes and they do not have to guess which product is more beneficial and financially smart.


]]> 2022-12-06 03:16:21 UTC https://padlet.com/haseebsaleheen95/ck950pmcfolyhj5w/wish/2410078847 haseebsaleheen95 https://padlet.com/haseebsaleheen95/ck950pmcfolyhj5w/wish/2410140979 Being connected to the global economy, Canada will be feeling the ricochet of it all. The recession predicted in the video by the reporter is mentioned to be short lived and a shallow one. Even with high hopes a scenario can sometimes fail to get under control.
Bank of England in United Kingdom has reported an increase in their recession from 2.25% to 3% since 1989. Avoiding recession is possible but it is always harder to make an early move based on speculations.
Loss in the global market can also be seen in the reduction of sales in general. In a recent trend among some companies, it was found that there was an increase in profits even though there is a decrease in sales. In BC, produce is one of the top 3 best sellers that made the highest profit for Loblaws. Loblaws had a profit of a million dollars more than their recorded number.

I chose this video because it highlights the fact of how different sections in Canada are affected by the world economic changes. There has always been a cost for higher healthier living but when greed-flation becomes a norm, it benefits corporations more than volunteering consumers.


]]> 2022-12-06 04:32:08 UTC https://padlet.com/haseebsaleheen95/ck950pmcfolyhj5w/wish/2410140979 haseebsaleheen95 https://padlet.com/haseebsaleheen95/ck950pmcfolyhj5w/wish/2410162599 This video focuses on tough economic choices Canadians come across. The president and founder of a leading global research group, the Eurasia Group, Ian Bremmer, is a guest on the show.
He focuses on how globalization has put Canada and the world at rest and states that 2023 will be a tough year with evolving changes happening in the background. The reason for this global unrest is the fact that we went through two major global crisis, first was the pandemic and second are the stimulus checks given out to the people.

I chose this video because it shows how we as a society prefer to sustain a balanced lifestyle, that benefits the economy and community as a whole. During the pandemic we briefly went from recession to depression and big pieces of the global economy started to crumple. Even under pressure the fiscal stimulus seemed like too much but was great for the time as it helped keep major sectors from shutting down completely.

]]> 2022-12-06 04:58:25 UTC https://padlet.com/haseebsaleheen95/ck950pmcfolyhj5w/wish/2410162599 haseebsaleheen95 https://padlet.com/haseebsaleheen95/ck950pmcfolyhj5w/wish/2411677991 2022-12-07 04:57:57 UTC https://padlet.com/haseebsaleheen95/ck950pmcfolyhj5w/wish/2411677991 haseebsaleheen95 https://padlet.com/haseebsaleheen95/ck950pmcfolyhj5w/wish/2415319668
Globalization has allowed us all to compete and be a part of the economy. In this image they mention a relation between average hourly wages and consumer prices. 
Consumer prices have been recorded to stay close to the average population's wage which speculates that with every company making profit, the employees get to have bigger cheques to spend.
I chose this image because I also think there is healthy competition in the market 
 ]]> 2022-12-09 07:36:13 UTC https://padlet.com/haseebsaleheen95/ck950pmcfolyhj5w/wish/2415319668 haseebsaleheen95 https://padlet.com/haseebsaleheen95/ck950pmcfolyhj5w/wish/2416194195 Globalization has always played a role in determining the cost of goods. The article states that in the latest forecast of the global economy report by the Organization for Economic Cooperation and Development (OECD), the global growth is estimated to decline to 2.75% by 2023.

The war in Ukraine and COVID-19 has put a massive strain on the global economy. Canada has however as stated in the article has mostly recovered from the pandemic but the Bank of Canada insists on raising its policy rate to have a better shot at managing inflation. Currently Canada is at 6.8%, which is the highest it's been since 1991.

I chose this article because it is relevant to the times and it shares a lot of data from Statistics Canada about Canada's position in the global economy post pandemic.]]> 2022-12-10 04:02:45 UTC https://padlet.com/haseebsaleheen95/ck950pmcfolyhj5w/wish/2416194195 haseebsaleheen95 https://padlet.com/haseebsaleheen95/ck950pmcfolyhj5w/wish/2416209353 Moving into 2023, the Canadian economy will continue to recover from it's pandemic era in 2020. 

Supply chain issues and rising costs post COVID-19 has put every entrepreneur on edge , causing them to learn to adapt. Shortages has been seen across several markets and it's seen translated directly into the final cost. With many companies stopping production of raw materials because of lack of goods and situations like shutting down the Suez Canal in 2021 for 10 days, plays a massive impact on  the global supply chain as goods are not delivered to locations on time. Delays cause a massive disruption in the chain and losses all around.

I chose this article because it brings together the world as a whole and compares Canada's economy among the rest.  While Canada had a good recovery in 2021 because of effective vaccination efforts, the economic activity in the country is still improving slowly. Pressure on the supply chain could desynchronize the market and affect labor shortages and inflation, the article however states that the outlook for Canada in 2022 and moving forward is slow but bright.]]> 2022-12-10 04:25:42 UTC https://padlet.com/haseebsaleheen95/ck950pmcfolyhj5w/wish/2416209353 haseebsaleheen95 https://padlet.com/haseebsaleheen95/ck950pmcfolyhj5w/wish/2416213073 Globalization is necessity required to promote connectivity and care for the community. The article mentions how globalization has a massive impact on societies, that lead to many factors. While globalization has led some to make more money, others have been forced to urban or lower income area.

I chose this article because while globalization might have it's negatives, it has provided a lot of good and equality to the consumers. Having a choice in deciding how much to contribute to the economy, lets the consumers save and direct their funds wisely, which will result in Bank of Canada to fix rates to benefit the economy. ]]> 2022-12-10 04:40:34 UTC https://padlet.com/haseebsaleheen95/ck950pmcfolyhj5w/wish/2416213073 haseebsaleheen95 https://padlet.com/haseebsaleheen95/ck950pmcfolyhj5w/wish/2416215781 2022-12-10 04:51:52 UTC https://padlet.com/haseebsaleheen95/ck950pmcfolyhj5w/wish/2416215781 haseebsaleheen95 https://padlet.com/haseebsaleheen95/ck950pmcfolyhj5w/wish/2416216691 This image is a representation of the global economy since the 1870's. The article with the image states that reversing the damage of the losing economy will be difficult but it is likely it can recover over years, as seen in the image as example. 

I chose this image because it shows that the economy was doing bad before because of situational circumstances, but over time as goods were sourced smartly and effectively, the economy started to see a shift. ]]> 2022-12-10 04:55:26 UTC https://padlet.com/haseebsaleheen95/ck950pmcfolyhj5w/wish/2416216691