Gadling

“Does globalization help or hurt the poor?” Good question and an interesting topic for a case study analysis.

If you remember a few years back, In December 26, 2004 a major earthquake measuring 9.0 (magnitude) struck the western end of Indonesia's Sumatra Island which flatten many buildings and sent a wall of water higher than tree-tops into many towns and villages around the region.

This 9.0 (magnitude) earthquake produced a series of tsunamis that devastated coastal towns, fishing villages, tourist resorts, and communities from Sri Lanka to India to Thailand to Malaysia and killing more than 130,406, displaced 504,518, and left 36,836 people missing in at least nine countries.

Many global organizations from abroad came together to aid in the recovery and reconstruction projects in this earthquake-tsunami effected region.

I believe a country’s economic growth-stability may depend on the overall desirability of its goods and services and how well total quality is managed.

In today’s competitive business environments, some organizations thrive in an international free trade structure.
However, different countries may implement laws and economic policies that prohibit certain growth in some areas.

I think most business managers would agree creative ideas, new technological advancements, speed, product quality, and cost competitiveness will continue to influences-stimulate future markets.

Organizations like KFC and McDonalds have done extremely well in overseas markets because their restaurant menus are customizes to a particular geographic region.

Another organization that has done extremely well is MTV, which is viewed in more than 164 countries and produces programs in many different languages.

Remaining competitive in today’s global business environments is not an easy task. Frequently changes in market prices have considerable affect on consumer demands and people’s lives.

Products and services must be desirable to a particular region, well marketed, and ethically managed by building trust within the community.

The Science of Economics is to evaluate the different methods of production, distribution, and consumption of goods and services.

According to one of the most influential economists of our time, John Maynard Keyes (1883-1946), his theories suggests, “the ideas of economists and political philosophers, both when they are right and when they are wrong, are more powerful than is commonly understood. Indeed the world is ruled by little else. Practical men (or women) who believe themselves to be quite exempt from any intellectual influences, are usually the slaves of some defunct economist.”

Hmmm...Interesting words by John Maynard Keyes.

Within the past few years (2005-2006), the U.S. has been the main economic engine behind world growth. China and many countries in Asia also have strong emerging economies.

Japan, Europe, and countries in Latin America have seen growing economies as well because of low interest rates and increase domestic spending.

However, in recent months the recent global financial crisis has caused unemployment rates to rise in some countries which caused many to review their own fiscal policies.

What will the future hold?

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