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Globalization and the Market Economy Globalization and the Market Economy

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Globalization and the Market Economy Globalization and the Market Economy

One of the many challenges to globalization I mentioned in the previous forum was the
effects of the anti-western sentiment since 9/11 resulted from the following wars in the Middle
East. For me and my family this problem has the greatest impact in our lives since I am
currently on active duty, and with every negative diplomatic exchange and the possibility of yet
another conflict, anxiety and uncertainties get elevated in our life. One student last week pointed
out about the negative consequences of the housing market crash in 2007 on globalization, and
for me that event was also very significant because that was a driving force behind my reasons
to join the service.
I honestly don’t think there is anything besides the second coming of the Jesus that could
possibly undermine the globalization process. Communism tried and failed miserably. Fanatical
religious causes attempt to bring down the imperialists but will never succeed. Brexit is not a
war on globalization but a case of identity and nationalism. From the Hong Kong protests, I see
defiance in the face of a powerful communist nation but not an attack on globalization.
What I see as a problem are the severe consequences of climate change as temperature rises
throughout the planet, sea levels rising, coast lines engulfed, longer droughts and other changes
APUS CLE : IRLS392 B001 Win 20 : Forums 1/21/20, 7(11 PM Page 2 of 2
that will affect food production and distribution. Climate change is a byproduct of globalization,
and for countries under development that are heavily dependent on export of agricultural
products and other natural resources, the impact will be harder and will trigger massive
migrations to regions not affected. In a globalized economy, economic changes in one country
affect all others.
However, on the same hand that it can be destructive, it can also be positive as it will force
government’s hands through the development of new, renewable technologies and sustainable
actions. A few decades ago, Co2 emissions and the reducing levels of Co2 were considered a
threat to humanity, but after a consensus among nations the danger has since been
extinguished. The dangers associated with climate change can become a positive incentive for a
globalized economy to renew itself and improve once again the quality of life around the world.

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