Globalization Research Paper Example | Topics and Well Written Essays - 750 words - 1

Globalization - Research Paper Example Development of international media such as radios, televisions and the international web are examples of avenues towards interconnections. Economic factors also contribute to international connections through demand and supply forces that move resources from their regions of surplus productions to areas that experience scarcity across regional and international borders. Another concept of globalization is its â€Å"rapid and discontinuous change† with time and across regions as indicated by historical data (Parker, 2005, P. 7). The level of developed interconnections for example grows with identified kinks that relates to major economic changes in regions. Different communication efficiencies across regions also identify variation in the rate of globalization across different areas. This is because initiated factors in a region transfers to other regions at different speeds, based on the achieved regional connections (Parker, 2005). Higher number of different participants in e conomic units also defines globalization. Its concept of interlinked domestic economies and developed international transportation and communication infrastructure for example allows more players, who were previously disadvantaged, to gain access and explore foreign markets. The increased number and types of participants also identifies increased level of complexity in the formed networks, a factor of the interlinked cultures and systems (Parker, 2005). Interdependence is another concept of globalization that has largely manifested across territorial boundaries. Economic interdependence has for example led to specialization among countries and international trade for exchange. Political interdependence is also evidence through developed diplomatic ties among nations. Existence of international organizations with regulatory authority over members also identifies dependence as a concept of globalization (Milardovic, Paukovic and Vidovic, 2008). The following graph shows the non-unifor m trend in GDP and imports, indicators of globalization, for the United States. The forecast shows non-uniform but constantly changing trend in the values or GDP an imports in the future short run, an indication of forecasted kinky impacts of globalization. (WTO, 2012) Differences between an open and a close economy The major difference between open and closed economies is their different exposure to international markets. An open economy lacks barriers to international trade while a close economy has strict limitation to international trade. An open economy is therefore vulnerable to consequences of globalization than a close economy. Restricted international trade also identifies lack of exportation, importation, and transfer of assets into a close economy. The elements are however characteristics of an open economy (Arnold, 2008). Advantages and disadvantages of a country with an open economy A country with an open economy has a number of advantages and disadvantages that are ass ociated with the allowed international trade between the country and foreign markets. The transfer of commodities across the country’s borders for example allows its citizens to access varieties of commodities that are produced in other markets. This improves consumers’ utility levels. Available international market also promotes surplus production for higher income. Further, an open economy has associated increased employment opportunities than if

Successful person interview Essay Example | Topics and Well Written Essays - 1000 words

Successful person interview - Essay Example He goes on to add that there has been a general misconception concerning work, that placing family in a place of importance in one’s life hinders their growth in terms of career. He states that when family is in the right place in one’s life, they are happy and content thereby proving a good working environment for them and support whenever it is necessary. This view, is in live with one of Carvey’s 7 habits of highly effective people that states that they must be able to put first things first. He further explains the concept by looking at his life, stating that even before he became a diplomat, he was already a successful man. He explains how his nomination took place, stating that he did not apply for the job, rather his qualifications and diligence put him in a position of recognition and thereby the appointment, what he called the elevation. When asked what he did to be successful, he failed to answer that question, saying that it purported the wrong idea that he was working towards success, rather, he corrected it, to why he was successful. To this, he answered that he was successful because he had applied himself to wisdom and diligence in his work, choosing integrity over corruption and excelling in the little things he did thus achieving success way before anyone thought him to be successful. He further added that he chose to take the high road that involved tough times and hard days of work, persistence in doing what was right and above all prayer. Further asked whether he was a religious man, he said that he was not, rather he was a Christian. Interested in what would cause a man to make such bold statements, I asked him whether he truly believed that his Christianity had anything to do with his success. To this, he answered that it did not have anything with it; rather, it had everything to do with it. He added that even if he knew that that downplayed his role in his success, it did not matter because, it was the truth. He