Globalization makes the richer gets richer and poorer gets poorer?
This can be done by standardization of policy for the world market. Collosal giant companies can enter any country and competing with a local companies with minimal economic resources. Can the local company win? If they loose, who will gain from the competition?
EU
European Union is a union which members are from 27 countries and 15 of them are using the same currency in europe. It is a body to standardize and liberalize economical policy in europe. The GDP of countries in EU is totaled up to USD $16.8 trillion in 2007. US GDP is USD $14.3 trillion, China $6.3 trillion followed by Japan and India. Therefore the union has captured the most economic wealth in the world market. The first asian country ( ranking number 16 ) within the IMF 2007 list was Indonesia. Does it mean Asian countries must adopt the EU principles. I cant imagine using the same currency as Singapore..
The Conspiracy Theory
War in Iraq and 9/11 WTC attack was a strategy for USA to capture the oil market. After the invasion of US troops in Iraq, there is no evidence of weapon of mass distruction, but why are they still there? For 9/11 WTC attack, it was a set up made by US intelligence to invade Afghanistan. These 2 countries are oil rich.
Exam
Yeah and I have an exam tommorow and yet i manage to find time to update my blog.
