How Globalization Affects My Country - 988 Words

I will graduate this spring, after three years at Union College, and I am looking forward to extending and developing my academic interests in international economics, which is the area of specialty I have concentrated on, in my coursework and research during my undergraduate study. With the experience of growing up in China, I want to explore more about how globalization affects my country. I am currently working on my economics senior thesis – using a macroeconometric model of the Chinese economy to examine how increasing consumption, as a ratio of GDP (C/Y), increases China’s real GDP in a series of short-run steps spread over a number of years. In particular, I am interested in extending my senior thesis to investigate the possibility of duplicating China’s rapid economic growth in other developing countries, especially in East Asian. My interest in International Economics, led me to apply to the Seward Fellows program – an honors program at Union Coll ege – and as part of that program I designed an independent theme minor to analyze China’s trade. Since I applied to graduate one year early when I was a sophomore, I chose to compress my two-term Seward project in six weeks in the summer of second year. My Seward project was to investigate the behaviors of the yuan-USD exchange rate in the past ten years. After evaluating the growth rate of the ratio of China’s foreign reserves over imports from 2005 to 2014, I noticed that the year of 2009 was a turning point; beforeShow MoreRelatedGlobalization and Lower Living Standards for Americans Essay example1364 Words   |  6 PagesKofi Annan, a UN diplomat, once said,â€Å"...that arguing against globalization is like arguing against the laws of gravity.† He is undoubtedly correct in this assessment. Indeed, globalization is no longer something to be skeptical of, it is very real and is changing our world exponentially. The affects of globalization, h owever, continue to be a heated topic for debate. Proponents praise the overall economic lift provided by free trade, the diffusion of cultures, and the spread of democracyRead MoreNegative Impact Of Globalization And Capitalism1278 Words   |  6 PagesGlobalization and capitalism are two systems that greatly influence our world on a political and economical scale. Globalization processes businesses and corporations internationally while capitalism handles the money, ownership, and trades that globalization operates. However, capitalism is often seen as a negative political system and thus I will argue that capitalism negatively affects globalization. But to understand why capitalism has a negative effect on capitalism, it is important to understandRead MoreEffects Of Globalization On Development And Globalization Essay1229 Words   |  5 PagesEffects of Globalization on Development Globalization is a term that is used everyday to explain the expansion of product and cultures all around the world. Globalization can be argued that it either helps or hinders development. Globalization can be looked at on many dimensions. Ecological globalization is one point of view. This can be described as the influences on the environment.   The environment has always been a global issue, but it is not necessarily a part of globality (Steger, 87). AnotherRead MoreGlobalization : A Way Short Introduction928 Words   |  4 PagesThe Book Globalization: A way short Introduction by Manfred B. Steger was a great book. Out of all the books I have to read for classes and etc. this one was one of the best reads. I learned so many things that I never have thought about in globalization. Generally people just know it as spreading one’s ideals into the world. But after reading this book I was able to really learn about the effects and consequences of the globalization. I also le arned that globalization really affects everyone aroundRead MoreEssay on Going Global Presentation965 Words   |  4 PagesThe question of whether the globalization is a myth or reality is easily answered to my mind: it is definitely a reality. But to what extend can we call it a reality? In my presentation I’ll disclose the term of globalization, cover the spheres in which globalization can be applied and dwell on the advantages and disadvantages of it. Finally I’ll come to the conclusion that globalization is an inevitable and developing phenomenon which requires citizens of all countries to find the right balance betweenRead MoreThe Political Of Political Globalization938 Words   |  4 PagesGlobalization refers to the â€Å"process of interaction and integration among the people, companies, and government of different nations†. Globalization can be broken into three parts: economic, political, and cultural. This essay will be focusing in the political p art of globalization. When it comes to the topic political globalization, we tend to think of countries coming together to discuss global issues that are affecting every single individual in this world. Indeed, it is true, political globalizationRead MoreGlobalization in Thai1612 Words   |  7 PagesGlobalization in Thailand Nowadays, many countries around the world have established gradually closer contact, which is the result of unprecedented changes in communications, multinational company, transportation, and deregulation market. This phenomenon is known as globalization. Globalization causes changes in cultures, economies, laws, migrations, and politics across the globe. There are many people from the West who know Eastern culture. For example, Asians use chopsticks to eat and bowing isRead MoreThe Drawbacks Of Globalization920 Words   |  4 Pageslove it. Globalization. Has its benefits and has its drawbacks. Do the benefits overturn the drawbacks? Benefits include the spread of new culture, jobs, diversity, as well as careers. It improves the global economy, expands knowledge of foreign cultures, and free trade equals a happy economy. Drawbacks of globalization include, taking jobs away from locals, people move country to country wherever they can make the most money and leave the poorer countri es which in turn makes the poor countries poorerRead MoreNations Should Promote Localization, Not Globalization Essay1590 Words   |  7 Pagesthe precise costs and benefits of both globalization and localization can be difficult. The difficult part is deciding which has the most beneficial or disturbing affect upon a country. If a country implements either theory - the outcomes will vary depending on the actions taken to implement them. Granted if the wrong concept is attempted in the wrong country, the affects it will have in the long run can be extremely harmful to the citizens of the country and all of its aspects. And in the otherRead MoreThomas Friedman’S Introduction Started With A Brief History876 Words   |  4 Pages Thomas Friedman’s introduction started with a brief history of how we found out that the world is round. He then went from talking about the 1400s to the present time and finished his paragraph with â€Å"The world is flat.† (Pg.33). Obviously, we all know that the world is round, so this caught my attention because I wanted to understand what he was about to explain. He spoke about how technology and globalization changed people’s lives and many people didn’t realize it. His first two paragraphs were