Life and Debt Response

Life and Debt Response Paper Taylor Sun 9/29/2011 St. Johns University globalisation has been a controversial topic for decades fol let looseed by the industrialization. The debate of whether it is supportive or prejudicial for the humane race has caused much divergence, consequently spark advance to vast conflicts between assorted cultures, populations, and peoples. Although globularisation brought convenience to the lives of a a a few(prenominal)(prenominal) on a daily basis in the industrialized countries, it likewise brought about solid ground power monopolies controlling the trade transcription, exploitation of chokeers in developing countries, and victimizing the societies that be un able-bodied to self sustain.In the 21st century, signs of globalization are everywhere, in both industrialized and developing countries. When you take a sip into that freshly picked coconut brought home from a local supermarket, do you think of the farmers in Malaysia that had grown the tree, the Japanese operated shipping company that had flown the freight to the United States, or the Ameri raft manufacture company that had packaged the luscious fruit, and had delivered it to the supermarket near you for your convenience?Or, every time you compress ready and locate on your brand new sneakers that you had just purchased from a department storage do you think of the shoelaces made in Mexico, sowed together in the sweatshops in China, and the British founded brand that designed your sneakers? My guess is no. We as the intimate iodines do non recognize these traces of globalization anymore in our routine lives, because we are so accustomed to the way of life made feasible by globalization.However, the less fortunate ones in the another(prenominal) parts of the public struggle everyday to make ends meet without enjoying the benefits of globalization, except quite an they are the majority that are sacrificed in the process of making the lives of a few effortless and comfortable. Before viewing the film Life and Debt, like most people, I had never really thought about the pros and cons of globalization either, just now after watching this documentary, I was stunned at how globalization groundwork affect peoples lives in much(prenominal) a negative way.In the film, vast corporations and organizations such as the introduction Trade establishment and the existence Bank act as antagonists for the Jamaican thrift and its people. possess World Bank for example i extendistically, debt assistance would be given to the low profits countries by the World Bank. It is countries like Jamaica that the World Bank should circumscribe about a fundamental position to engage in recreation by workings with regimens, and guaranteeing a strong authority and control. If these programs are not carried out, attracting abroad and domestic investment would be more complicated and difficult consequently, globalization would descend on itself. h owever is that really the case? According to the documentary, Jamaica soon owes more than $4. 5 billion to the IMF, the World Bank, the Inter-American Development Bank, and many an(prenominal) other leading add companies in the sphere. The significant advance that these loans project set out to accomplish has not yet, and probably never would deliver its purpose. In the film, the World Bank has been portrayed as a deceiving and misleading world power, dominating the world economy with almost absolute control.Because Jamaica claimed the loan so urgently from the lending agencies, that the agencies were able to negotiate a reciprocally beneficial relationship with the Jamaican government. Jamaica had no choice but to fall and have sex to terms with the new deal that the World Bank has gloweringered. The deal was of high interest, similarly high of an interest to be paid off by just relying on the Jamaican economys exchanges. It is in any case of low wages for workers in hop e to increase the employment rate, too low of wages to make ends meet for these workers.This almost forces the Jamaican government to turn to foreign trades to barely attain its in set out. This space also gave opportunities to the large companies to exploit the workers with less than minimum wages. If the people are in poverty struggling to put food on the table, how can there be peace and prosperity? Poverty and violence almost always come in pairs. Efficient legal clays and a healthy financial dust are crucial to the success of a nation and its economy. If Jamaica doesnt get out of the debt crisis roughlyhow, it can never advance into a prosperous nation.The World Trade Organization plays another key role in this phenomenon that is not only taking place in Jamaica, but also occurring in many other countries in development. It has almost become a global government in the sense of regulating the entire worlds merchandise systems, controlling the wealth travelling in and out of countries. In rate for the Jamaicans to change this system of invisible power over their straight off independent country, Jamaica must earn the majority of the vote in the World Trade Organization to gain permission to alter the balance of the trading system.The majority of the votes are held in European nations whom are benefiting from the devastating situation of the Jamaicans. The percentage of votes each country hold are determined by the impact and size of its economy. The United States world the largest economy in the world holds as many as 17% of entire worlds votes, making it the single largest vote holder. Japan comes in second, followed by Germany being third. This is going to be a never ending cycle that the Jamaicans wint ever be able to get out of without some kind of policy change or outside assistance.With this situation, Jamaica became a nation forever cast in the shadows of debt. Without denying its contributions, globalization has brought the world better feeler to goods that were not even imaginable before its existence. It brought competition to the market therefore decreasing the price for consumers. It gave numerous opportunities for business to flourish and brought wealth and prosperity to many nations. It is the beginning form of a new world order for humanity to progress and advance as a single subject. As we all know, no plan is perfect. In the process of executing this idol of globalization, many nations are sabotaged as well.Poverty, violence, corruption, unemployment, large disparity between the well-off and poor, and underdevelopment of education and health care systems are the defects of globalization just to create a few. Although prejudice and inequality almost come hand in hand with the practice of globalization, but can we really abolish it at once? From a morality stand point, globalization is no different from owning slaves in the sense of forcing less privileged people from developing countries to work for lar ge monopolies, with disproportionate wages for the workers in contrast to the profit that these ompanies generate. But I believe from the standpoint of the advancement of the human civilization, globalization is inevitable. Without globalization, the human race cannot advance as a whole therefore, slowing deplete the development process of humanity. We might not think of this matter this way, but globalization has only been in the existence of the entire human memorial for a very brief period thus, the structure of this global system has not yet fully organized itself to prevent any defects in its practice.A perfect example is the more micro Chinese economy in terms of the macro globalization. As we all know, China has been one of the fastest growing countries in terms of finance and economy. There were many loopholes within the government regulations for businesses in comparison to already developed nations such as the United States and Great Britain in the past years, providing opportunities to cheat the system resulting in a generation of overnight millionaires. With the realization of this situation, there have been changes made to prevent this from happening any further.If one nation is able to adapt and adjust its system to improved and recover from the flaws, why cant the World Trade Organization change its ways to come up with a better arrangement and structure to eliminate the injustice and immoralities? Globalization has brought many things to the table for everyone, both negative and positive. We human beings need to focus more on the macro result of globalization rather than the relatively micro side effects of this phenomenon.I believe with the passageway of time and the recognition and understanding of the issues of this matter, we will be able to modify and progress our ways to recover and prevent future occurrences of the problems we face at present. Globalization will not always be what we know of it in todays society. In time, it will el iminate its flaws and achieve its ultimate polish of uniting people of different backgrounds, cultures, and nations into one group of people working towards a better tomorrow.