Sunday, February 3, 2008

Globalization

Globalization is good(video).....

http://video.google.com/videoplay?docid=5633239795464137680&q=globalization&hl=en

Globalization has impacted the world in a whole lot of ways. In the past 50 years around 3 billion people have been lifted out of poverty. Since the embracing of globalization, poverty rates in Taipei and Vietnam have been cut by 50%. In Kenya the situation has however been different, >50% of the population works on lands and the Kenyan government is hesitant to give them property rights. Kenya has closed its doors to globalization and therefore poverty is prevalent due to lack of growth and reform. Personally I feel that globalization is good, since it leads to economic freedom and democracy. As said in the video, “Globalization leads to economic freedom on which the rocks of democracy are founded.”

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