Cyprus

The advertisement that I selected is a very fresh ad that just came out after the Olympic games. It opens with a girl in her youthful years holding a Samsung Galaxy S7 Edge singing the anthem of another country while gazing out into the vast open sea. She commences singing an anthem, soon afterward, the scene shifts and jumps over into another country with another person singing a different anthem. Each anthem comes with a new location which is different from the home of the anthem. At the…

Rise in globalisation and increased in multilateral trade raises issues for balance if trade and differential treatment are involved in nations since the post World War II period (Holmes 2003). The efforts of increasing fair trade practices and gaining the balance of similar multilateral trade rights and obligations for all nations in developed and developing countries become a prominent challenge (Khor 1999). The major change is observed in the trade policies of developing nations since 1980s…

Within about half a century, the economic development of various major regions on this planet have seen tumultuous change not yet seen in the past millenniums, with overall positive result. This of course came from policies after the second World War which include reduction of global trade restrictions, more open international diplomacy, and increased telecommunications; which can be summed up as a process called globalization. By these means, here has also come several externalities which were…

To understand how poverty came about in today’s reality, we are required to look back, at least five hundred years ago, when the Europeans adventures themselves, sailing around the globe. They hoped to find places, colonies, that they could use as means to sustain themselves, whether by exchanging goods, like they did with India, or by carelessly exploring the resources, like they did to Brazil. The creation of colonies led European nations to accumulate wealth on the expenses of the countries…

If the movement of people, food, and manufactured goods can have such a negative impact on public health, should steps be taken to reduce these flows? I do not believe that the global flow of people, food and manufactured goods should be reduced because limiting or reducing this flow would do little or nothing to help improve public health or to curb the spread of global diseases (Globalization101, pg. 20). Globalization has contributed to the spread of disease globally, and thus has proven to…

All the products that surround the American person are most likely labeled “Made in China.” Globalization, which is defined as the process in which businesses or organizations develop international influence or start operating on an international scale, is to thank for this. Though all of the products we enjoy today are magnificent, some come at a cost. The price we purchase goods at might be rather low, but the price the world is paying for globalization is immeasurable. Globalization is…

Consumerism is something that is inevitable for every individual including myself, as we are encouraged and peer pressured into buying the latest commercial goods. This is something which various individuals such as environmental activist David Suzuki, (Suzuki et al, 2007) mentioning the rise of a consumerism worldview. Other fellow thinkers like, Victor mentions how the unprecedented economic growth leads to rapid changes in benefits and costs with respect to the environment or in general the…

At least half of the global population live in poverty with half of this population living in complete destitution, living on a dollar a day and at risk of death by starvation or disease. One billion people live without access to safe drinking water and two billion people live with no sanitation. (Ukpere, 2014) Global poverty is an increasing problem in the world and the goal of ending poverty is elusive. Solutions to poverty cannot be based exclusively on economic policies as there are both…

The Colonial Period consisted of European countries going to countries within the Eastern World and imperializing many countries within Africa and Asia. These European countries imperialized those countries to compete with fellow European countries, gain raw materials from the Eastern countries, and have access to a larger market. The legacies that the imperial world left was destruction of the culture of African and Asian countries, a rapid growth for the countries of the colonizers and…

We have talked a lot about political institutions as a way for a country to increase per capita income, and although that is very important, economic institutions are often as big of a factor. I’m a strong believe that in order to see sustained increase in development strong political institutions need to be in place. With that being said economic institutions play a huge role in the long-term success of sustained development. In Friedman’s Capitalism and Freedom, he argues that economic freedom…