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¶ … Rich Man, Poor Man" in the Economist deals specifically with the theme of the conflicts between the world's needs and expanding change within the United States. This article explains that globalization has become a double edged knife for the United States and other first world nations. Although overall prosperity has increased for both developing nations as well as developed nations, this prosperity is not equally divided. As a consequence of outsourcing and off shoring, many jobs that were formerly secure blue and white collar jobs are now in the hands of Chinese and Indian workers. At the same time, executives on a global level are now wealthier than they have ever been before. Executive compensation has now reached the level of 110 times more than average income. This article brings up several important lessons that we have discussed within our lessons. The first is that globalization is a device to increase world prosperity. Therefore it is one of the primary needs that the world faces within the next ten years to keep up its current level of economic growth. However, this same prosperity is also changing the employment market and the way corporations, governments, and other organizations operate on multiple levels. The benefits of globalization are profound because it increases the overall global wealth, but at the same time it has harmed many industries and destroyed the jobs of employees everywhere. This means that an evolution is taking place where workers must now redefine themselves and their skills in order to stay competitive and to pursue job opportunities that were not present in the previous market. The lesson of this article is simple, that with the onset of globalization we are seeing profound changes within the world and the majority of these changes are positive. However, because change causes short-term damage on many different levels, we are observing a heavy backlash. Only time will tell whether protectionism will be overridden by the general prosperity increase that the world is seeing in this newly globalize world. http://www.economist.com/opinion/displaystory.cfm?story_id=8554819
He might have become an industry leader in a specific business sector and he might have become wealthy, but he would not have been able to accumulate the highest wealth of any men alive. And this is due to the nature of the U.S. market place, which does not condone the actions of Slim. The market is opened and the entry barriers are decreased; the market is liberated and
However, Andrew Carnegie did give, and his money has indeed benefited many millions of people all around the world, and people today can make use of the many libraries that he has built, in order to acquire knowledge and thereby better themselves. It must be remembered that Andrew Carnegie had a strong belief in the meritocracy of the United States of America, and also that his free libraries would
Man's Ability To Treat Humans Like Animals It is a vivid fact that the feelings of cruelty, discrimination and racial distribution are embedded well in to human nature since its very inception. This world depicts several cases where humans treat other humans like animals and ignore their right of living peacefully and according to their own will. This article highlights the work of several writers who have depicted the different ways
At this precise time, a young communist named Mao Zedong popularized the idea of land reforms and focused his attention on the issue of poverty among peasant class. He convinced his fellow communists that the only solution to all problems lied in strengthening the agricultural sector by introducing land reforms. He worked ceaselessly for the peasants but his party was driven to remote corners of North China during the
Social and financial inequity continue to grow in modern society, and while Hugo may have had deep down hopes for improvements in the future, it is evident throughout most of his work that he was ultimately pessimistic about the future of justice and equality. As it turns out, unfortunately, his pessimism was not misplaced. Les Miserables is exactly as its title implies, which is why the "dismal, lurid, grotesque imagery"
Natural Resources: The Leading Development Trap This paper argues that the natural resources trap is the main cause of poverty among billions of people in the poorest countries in the world today. Paul Collier (2007 p 4), in his famous book, Bottom Billions, thoroughly explores and discusses the causes behind the grueling poverty of a billion people in the poorest countries. At the outset, he narrows down the Millennium Development Goals of