Related issue #3:
To what extent does globalization contribute to sustainable prosperity for all people?
Economic Globalization gives us great potential for sustainable prosperity. Globalization needs to be harnessed if you will, in order to really sustain world environmentally and consume the benefits of sustainable prosperity at the same time.
A excellent example of how globalization has affected a country to be sustainable in a positive way is china. Your probably wondering how well through economic globalization china has reformed their economy by bringing in market oriented changes, like a small amount of private ownership as well as a centrally planned economy. Now China is one of the most powerful nations in the world because they employed free trade and used globalization to their advantage.
A excellent example of how globalization has affected a country to be sustainable in a positive way is china. Your probably wondering how well through economic globalization china has reformed their economy by bringing in market oriented changes, like a small amount of private ownership as well as a centrally planned economy. Now China is one of the most powerful nations in the world because they employed free trade and used globalization to their advantage.
This is a case where a country like china has been affected by globalization in a good way. But it might not be so positive for its people living in the country. A prime circumstance of this would be the maquiladoras of Mexico. In Mexico maquiladoras account for a large percentage of government income. Unfortunately though for the maquiladoras workers their wages are much lower than average, maquiladora people work much longer work weeks, up to 20 more hours than people in developed countries. These maquiladora are the south Asia of North America. They are what happens when a government must compromise the sustainability of their people for their own prosperity and sustainability.
From this me must learn, that we can't be closed minded to new things such as free trade. Most of all, we as a whole need to realize that unless we change the way we allow globalization to effect the sustainability of the earth, as well as the sustainability of all peoples well being. There will be consequences that follow.