These devices include televisions, the Internet, telephones which are not only forms of Information Technology, but also mediums of 'Entertainment Technology'. In our world today, various modern technological devices, which are modes of information technology, have developed networks and channels operating internationally throughout the world amongst states and countries. Therefore it is important for us to maintain healthy relationships with most countries in the World in order for us to develop rapidly. Small countries like Singapore depend on other countries for even the basic necessities like food and water. It is up to the countries to use the advanced globalization, to forge healthy bonds with other countries. Information rapidly spreads and so does help. All this was possible because of the globalization of the World. When the tsunami struck, almost all the countries including Singapore aided the affected countries such as Srilanka and Indonesia. On the other hand countries can also end up as allies to help each other in times of difficulty. The nuclear technology today enables a country to fire a nuke to even other plants. It can also occur between countries very far apart. The US Iraq relationship goes to show that quarrelling need not be only between countries beside each other. There are also many examples of on going fights between countries.
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And India is having an on going war with Pakistani terrorists. Singapore is not in very good terms with Malaysia. If we take Singapore or India for example they too have political enemies. Although there might also be other motives to control Iraq, all these reasons come to show that no country is individual and on its own. This is the reason why America is politically involved in Iraq. This terrorism might work against America and result in another bombing similar to the September 11 bombing of the World Trade Centre. Bush is afraid that since Iraq is building it may become room for terrorism. Whatever happens in Iraq affects America a nd so Bush is very concerned about it. Although this gives less power to the Iraqis themselves, President Bush feels that this is necessary. He has sent political leaders to help Iraq organize the country and also to provide support to the prime minister of Iraq. This article states that President Bush of America is happy about the political progress in Iraq. In this reflection I am going to talk about this article about Bush praising political progress in Iraq. This is my last post on globalization as a political expert. Once again, determining whether globalization is beneficial is not as simple as listing out the various advantages and disadvantages because everything has two sides to it. So while there might be international organizations to help alleviate the problem of poverty, the creation of cartels such as OPEC brings problems back to square one again. Since oil is so important to every country, even poorer countries have to purchase the oil at these prices as well and this has a major impact on their economy, given their weak financial capability. But, there are also cartels such as the OPEC who worsen the situation by setting sky high oil prices. They are able to set prices as high as they want, since it is certain that there will be demand for oil while there are currently very few feasible alternative sources of energy.Īs I have mentioned in my first post, organizations such as the IMF and World Bank aid poverty-stricken countries ease their way out of poverty. The oil producing countries are making lots of money because the demand for oil is high and supply is relatively low.
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I would like to think that they are 'The Organization of the Petroleum Exploiting Countries'. They are the sole players and manipulators of this industry, because they are the only countries which have the ability to do so. As such, the cartel, The Organization of the Petroleum Exporting Countries (OPEC) has been formed to allow them 'to regulate production, pricing, and marketing' of oil. The oil industry is an oligopoly, given that there are limited numbers of countries producing oil. However, there will also cartels which exploit globalization to their purpose, so as reap profits through the global economy.
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Globalization brings about international organizations that are set up with beneficial purposes to the world, such as the UN, WWF, and WTO etc. Oligopoly - an industry with few producers, each recognizing their interdependence.Ĭartel - A combination of independent business organizations formed to regulate production, pricing, and marketing of goods by the members.