Week 7Chapter 3 and 4 Analysis of Global Transformations
Week 7 Chapter 3 and 4 Analysis of Global Transformations
I honestly had a hard time this week connecting the two reading chapters to the team project. The reason I had a hard time making connections to the two chapters Global Trade and Global Markets and Shifting the Patterns in Global Finance they both do not directly relate to our project, ageism and ableism. There is no discussion on the affects that ableism and ageism had on the global market? Also or how do the global markets affect these two issues? Both of these chapters wanted the reader to know and understand the background of the global markets and the shift of finance patterns in the world. I have to say these two chapters were hard to read at times if this is your first introduction to detailed economics, which it is for me. I do not have a background in micro or macro economics and I think the book is calling the reader to have a background in this discipline. This discipline would help the reader absorbs and critique the information which is being presented to the reader.
Both chapters give a strong historical account of what has gone on throughout periods of financial influence. There is a question is the global market really global or it is regionalized to specific continents? There are three areas that help with global trade, the Americas, Europe, and the Asia-Pacific. There is skepticism to whether trade is actually global or regional. “Regionalization as opposed to globalization implies that trade flows are clustered between similar countries which tend to be geographically contiguous and that markets within a region are (at least) partially insulated from the rest of world.”(168) Japan exports their cars and technology to the United States as much of the coffee trade comes to United States from the South America. The United States export much of the many soft drinks to other countries as well as the example of MacDonald’s starting in the US and moving to global market. Through all these imports and exports to different parts of the world, the world is continuing to grow at a fast rate. We literally have to the power and luxury in the western world at the touch of a button to talk to someone at the other end of the world without any difficulty. This is a great convenience, but I wonder with all these advancements in the global markets is the world getting smaller? Will oral traditions become obsolete because we as a people group do not have the patience to sit and listen to others around us? Will the older generation be more engaged in the practices of ageism around them because the youth have lost value in them as great teachers and the importance of the elderly giving back to society? These are the questions which arose as I was reading these two chapters in Global Transformations.
I honestly had a hard time this week connecting the two reading chapters to the team project. The reason I had a hard time making connections to the two chapters Global Trade and Global Markets and Shifting the Patterns in Global Finance they both do not directly relate to our project, ageism and ableism. There is no discussion on the affects that ableism and ageism had on the global market? Also or how do the global markets affect these two issues? Both of these chapters wanted the reader to know and understand the background of the global markets and the shift of finance patterns in the world. I have to say these two chapters were hard to read at times if this is your first introduction to detailed economics, which it is for me. I do not have a background in micro or macro economics and I think the book is calling the reader to have a background in this discipline. This discipline would help the reader absorbs and critique the information which is being presented to the reader.
Both chapters give a strong historical account of what has gone on throughout periods of financial influence. There is a question is the global market really global or it is regionalized to specific continents? There are three areas that help with global trade, the Americas, Europe, and the Asia-Pacific. There is skepticism to whether trade is actually global or regional. “Regionalization as opposed to globalization implies that trade flows are clustered between similar countries which tend to be geographically contiguous and that markets within a region are (at least) partially insulated from the rest of world.”(168) Japan exports their cars and technology to the United States as much of the coffee trade comes to United States from the South America. The United States export much of the many soft drinks to other countries as well as the example of MacDonald’s starting in the US and moving to global market. Through all these imports and exports to different parts of the world, the world is continuing to grow at a fast rate. We literally have to the power and luxury in the western world at the touch of a button to talk to someone at the other end of the world without any difficulty. This is a great convenience, but I wonder with all these advancements in the global markets is the world getting smaller? Will oral traditions become obsolete because we as a people group do not have the patience to sit and listen to others around us? Will the older generation be more engaged in the practices of ageism around them because the youth have lost value in them as great teachers and the importance of the elderly giving back to society? These are the questions which arose as I was reading these two chapters in Global Transformations.
posted by Katrina @ 5:50 PM
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