The article brings to mind the topic of development, as it is defined as economic well-being. The United States is one of the riches in the world. Investing in childhood poverty and building effective support systems will help individuals contribute to economy and help prevent high poverty rates. 

Global services highly depend on digital technology; schools now need to teach basic digital skills like computer coding, engineering, and statistics in grade school. This article really brings up the question, is globalization good or bad? That depends; globalization is the development of technology, economy, and society growth. The new era of globalization brings new challenges to individuals, businesses/corporations, and countries, high competition, but will bring new opportunities and great ideas as well. 

      This article is relevant because it conveys Scotland’s growth in FDI. Scotland has shown and held such support in FDI growth, which causes high competition on FDI projects but to maintain its leading position Scotland must continue to work hard in partnerships with private and public sectors. With their hard work, skills and continuous of FDI growth, they will continue to see their businesses and economy grow. 

 

After reading this article, it reminded me of GDP and our recent discussion on geography of globalization and global cities. When I think of global cities, I think connectivity, financial flows and exchange, and mobility to see development within the countries. GDP as it is one of the most important measures for development and based off the size of our economy. Majority of the economy is lower and middle class. Italy is trying all they can to get out of this debt crisis and see development because if there's no growth in GDP then issues on poverty and income inequalities on the lower income families and elderly will continue to grow.  

  Retailers in the UK already find it risky to sell their products at a bargain price. Losing sales traffic and profits causes retailers to further expand their sales to drive more sales. This year, retailers have seen more sales drive, as shoppers are receiving the same promotions from a few months ago before the black Friday deals. This article is relevant as it talks about the financial spending in the UK to boost aggregate demand. As the UK is struggling with the decline in sales drive, retailers are promoting black Friday sales months before to attract more sales. They are thinking more of the short-term gain over longer-term gain and growth because by pushing more bargain sales on items, in the long run they are losing more money and profiting less. 

This article brought up the topic of advanced technology and how developed countries and developing countries compare to one another. Many people may start to worry on the machinery and advanced technology advantages that countries have and will eventually take over jobs.