Personally, controversies in global capitalism is one of the most interesting that I have taken so far. After the first module which comprised of different topics, including topic 1 was about introduction: The politics of the global economy, topic 2 was about the history of the world economy, topic 3 was about neo-liberalism & global capitalism and topic 4 was about protesting global capitalism. However, topic 1 was the most remarkable topic in my opinion because it gave me the basic understanding about capitalism and the reasons behind its controversies. There were two readings that I found interested, including ‘Is Modern Capitalism Sustainable?’ by Rogoff and chapter 1 ‘Introduction: The politics of the global economy’ by O’Brien and Williams.
Capitalism is a system where the sole goal is for private owners to gain profit. In the 1930s’ Dust Bowl, private owners, such as farm owners did not pay laborers enough money. In addition, minimum wage laws did not begin until 1938. Wages dropped so low because of the contradicting owner and laborer goals. Moreover, the stock market crash caused demand to drop and jobs to disappear. Overproduction also contributed to elimination of jobs. The wage gap between the wealthy and poverty further increased over time. Despite, the huge elimination of many jobs during the stock market crash, the changing seasons created some cotton and fruit picking jobs because certain plants are ripe for a certain period. However, laborers had to travel to other states or even countries to look for jobs only to face ostracization from the natives. In pursuit of capitalistic goals, the government promoted harmful DDT chemicals and nuclear weapons to keep the chemical and weapons industry alive.
You should choose a topic and write a working thesis statement tonight. Topics and thesis statements will be collected Thursday, November 4 for approval.
The most challenging topic for me was the Unit 6: A Normal World. At first, I had difficulty understanding the Standard scores and Percentiles of a distribution. However, the seminar and discussion posts in Unit 6 helped me a lot to get through and have a better understanding of the Normal distribution.
Chapter Four mainly revolves around three major ideas and/or themes. These are the ideas of industrialization, empires, and war; more specifically World Wars 1 and 2. It starts by explaining the start of the Industrial Revolution in Great Britain in the mid 1800s and how it originated and the events surrounding it. Many of the key ideas in this chapter will aid me in also discussing the economic history of Sweden.
Describe how you think this debate engaged with the course readings. Do you think the debaters dealt with the substance of the readings? How could they have improved their use of the course readings while debating? As you answer these questions, be sure to describe the central thesis of each of the course readings and how the debate topic and arguments related to those theses. Excellent answers will directly quote the course readings. (15pts)
I think what I found to be most interesting about the book was how the United States has dominated cotton production for so long. I am always interested in how rich people make money. It seems as if many people are wealthy because of cotton production. I just find how resourceful cotton growers have been historically to be very fascinating. I find it very interesting how cotton farmers have been able to make a profit at every turn and how they have turned even what at one time waste and byproduct into profit. Perhaps, their greatest achievement was to learn to even harvest the wind that at one point would destroy cotton farms into a source of profit.
My final book review discussion was about the book The Smartest Kids in the World and How They Got That Way by Amanda Ripley. I found this book extremely engaging. The author did an amazing job of presenting her information by engrossing the reader into the story. This style gave a clear understanding of the “how” and not just the “why”. During this discussion, we talked about the fundamental differences about how the different countries styles were different than our own, and why they seemed to be more successful. I was enthralled by how prestigious the teaching profession was in Korea and Finland. One teacher in Korea made four million dollars for his services in one year. In Finland, acceptance into teacher programs in colleges is exceptionally
There are countries with different kinds of parties, such as a communist country, and different types of economic systems. For example, capitalism is one type of economic system, and not every country recognizes or supports it. However, the countries with a capitalism economic system believe that capitalism is the key to the development of the country and creates the wealth of nations. For instance, the book named The Mystery of Capital: Why Capitalism Triumphs in the West and Fails Everywhere Else is written by Hernando De Soto who states that in order for a country to progress and to receive prosperity, supporting the idea of capitalism and using it as an economic system is a solution. In addition, he believes that having a capitalism economic
2. The study of ethics (foundational underpinnings of the course and topic) This is hard to itemize without giving
In the book "The Mind and The Market" by Jerry Z. Muller (2002), Muller discusses the ideas and thoughts held by many European intellectuals along with their stance on capitalism, the market, and the cultural influence on both.
Being an international student, I identified most with the chapter on the cultural sensitivity and diversity of our society. Lately I have encountered various people from different countries with diverse cultural and religious backgrounds. This experience has shaped my view on communication and opened my mind
One of my favorite assignments throughout the course was the midterm. I absolutely loved the documentary Half the Sky specifically because it truly opened your eyes to so many transnational issues. Issues that were not isolated to a specific village or city, but problems that were worldwide. The hardest part of the documentary for me to watch personally was the sections discussing human trafficking. China, Cambodia, and Syria are just some of the countries where sex/human trafficking is a predominant issue. People – typically women – are kidnapped, or sold by their families and then sold to brothels to work as prostitutes. Other forms of human
Learning about the events that lead to the modern global political system and global market defiantly strengthened my belief that the global trade has significant benefits, taught me that economic incentives and potential loss can prevent wars, and money runs the world when it comes to being politically dominant. In the medieval ages the kings were dominant and had power over little except the economy. “The economy was not thought of as a distinct sphere separated from politics but instead as a tool of statecraft which the state could manipulate to serve its own ends.” (Erik Ringmar). Times have changed and medieval kings do not rule all the land but the concept remains the same, countries use their economic standing as a way to make deals, prevent political issues, and push forward their political agenda. This is not always successful especially when it came to the Cold War because the US and the USSR were both economically built
Events in resent history have made a clear statement to the executives of the world that Globalization and Corporate Social Responsibility (CSR) are tightly linked in projecting a positive brand image. Most of the negative publicity surrounding the globalization debate is directed at one key area, the perceived lack of corporate social responsibility in the business culture of the developed world. The European Commission defines Corporate Social Responsibility as, “a concept whereby companies integrate social and environmental concerns in their business operations and in their interaction with their stakeholders on a voluntary basis."(European) As the heat is turned up on firms,
Economic globalization has become the most important feature and a general trend of present world economic development. Globalization is a phenomenon and also a process of development of mankind and human society (Hamilton, 2008). It is the essential feature of the modern age. Globalization is the cross-border flows of capital and goods, including capital, labour, technology and natural resources (Bożyk, Misala & Puławski, 2002). Economic globalization is a historical process, and the germination of it could date back to the 16th century. After the industrial revolution, capitalist commodity economy, modern industry and transportation have been developing rapidly. The world market was fast expanded and the foreign trade was