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Global Economic Issues - Discover the Pros and Cons of getting a worldwide Economy

Categories: Blog November 7, 2014 @ 12:48 PM 0 Comments      

International Social Mutual Aid Network (I-Sman) is a platform for individuals where they could share their money amongst themselves and also be as a residential area together, yet living in different continents of the world. I-Sman will be the Common Man's Combat The Unfair Global Economy System. I-Sman will be the new worlds crowd-funding and crowd-investing platform.

To be able to acquire a deeper comprehension of the world economic issues ultimately causing the present global recession we must look at the history, things that work, and also the things that have harmed the earth's economy overall.

Because of the downfalls of the global economy based on capitalism, there are entire activist movements making an effort to stem the tide of under-developed countries being consumed with this global economy. Read on and I'll explain a few of the basics.


A global economy is not actually a brand new idea. Individuals have been traveling by sea to trade goods for thousands of years. In the centre Ages, traders would travel along the Silk Road connecting China and Europe.

Through the Industrial Revolution with the late Eighteenth century, steam engines led to faster production machinery in addition to steam powered boats enabling individuals to produce, deliver and trade goods much faster than ever before.

Following your 1980s, however, globalization really acquired speed. Events like the NAFTA (United states Free Trade Agreement) and the formation with the WTO (World Trade Organization) exposed the markets dramatically. These along with other factors allowed the whole global economy being held under one system the very first time in history.

Pros and Cons

Globalization allows nations to make what they do best. In case a country can get cheap coffee from another country, they can focus their agricultural efforts on a crop that's more suited for their climate. The rise of the overall market size can benefit consumers by providing cheaper plus more easily obtainable goods.

Now, for the down side to this(s). Industrialized countries experience significant unemployment when corporations outsource or relocate to regions of cheap labor. Nevertheless the biggest and perhaps most upsetting negative thing is globalization, once we have approached it over the past three decades, directly contributes to the poorest countries growing poorer. These countries get gobbled up by corporations quickly quite often having their most significant resources, including water that is clean, being extracted from the citizens for privatized production and make use of.

Continuing to move forward

The protest groups carry on growing and organize, using current global economic issues as evidence that everything has gone terribly wrong. Nevertheless the problems lie not merely with all the ethical concerns of globalization. Indicators start to show our current global financial crisis is getting ready to get much worse. A good thing you can is to keep yourself well-informed, form your personal opinions and learn how to protect your financial future.

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