This is the third post of my “The Pace of Globalization” series. For the previous two posts, follow these links:
The Pace of Globalization I
The Pace of Globalization II
In the first post of this series, I featured the video “Did You Know?” by Karl Fisch, a teacher at Arapahoe High School in Centennial, Colorado.
Mr. Fisch has [...]
In his bestselling book “The World is Flat”, New York Times columnist Thomas L. Friedman - one of my favorite authors - analyzes globalization and divides it into three eras:
“Globalization 1.0 (1492 to 1800) shrank the world from a size large to a size medium, and the dynamic force in that era was countries globalizing [...]
The pace of globalization is increasing. And that is good for all of us. Today, we are more inter-connected than at any other date in history. More people communicate, collaborate and compete with each other than ever before.
Globalization is the driving force behind the progress of the human race. Globalization brings peace and prosperity. Globalization [...]
The world’s second-largest economy is officially in deflation now. The price level is falling primarily because of overproduction (partly due to weak exports) and Japanese consumers expecting a further decrease in prices, therefore delaying purchases and saving even more.
The problem is the Bank of Japan can’t really do much about it because the Japanese central bank’s [...]
has become the world’s number one emitter of carbon dioxide after surpassing the United States.
16 of the 20 most polluted cities in the world can be found in that country
is the fastest-growing economy in the world (growing at 9% per year on average for the past 10 years) and accounts for the largest share of [...]
The most serious threat to the United States?
Well, there are several serious ones, but I agree that the number one threat to the well-being of Americans is indeed America’s lack of fiscal responsibility.
These three videos are part of an insightful documentary on America’s four deficits:
the budget deficit
a savings deficit
the trade deficit
a serious leadership deficit
The documentary [...]
Fall of the Berlin Wall:
On the occasion of the 20th anniversary of the fall of the Berlin Wall, all 27 leaders of EU countries, U.S. Secretary of State Hillary Clinton and Russian president Dmitry Medvedev gathered in Berlin in front of the Brandenburg gate to celebrate and commemorate.
Hillary Clinton gave an excellent speech, introducing a message [...]
Although more and more people seem to understand what enormous potential green energy technologies will have in the future, there is still a considerable opposition to government regulations, incentives and mandates imposed to move the market in the right direction.
It is reasonable to question any attempts by the government to interfere in the market. Usually, [...]
Politico set up a list of Obama’s 10 best and 10 worst moves this year:
http://www.politico.com/news/stories/1109/29149.html
Amidst all the harsh criticism heaped on Obama in recent weeks for allegedly not having achieved anything so far, it is not a bad idea to recall what he has brought about since taking office on January 20th.
What many might not [...]
General Motors decided to keep its German subsidiary Opel and not to sell it to the consortium of Canadian car parts supplier Magna and Russian bank Sberbank.
This decision won’t go down well with the German government which had been involved in negotiations for months to ensure the survival of the Opel brand despite the bankruptcy [...]
