
That thing called: Globalization!
The aim of this article is to inform the reader about the damage that globalization is doing to the world.
Nowadays Government and the general public are talking way too much about globalization and its positives and negatives aspects, and whether it is an advance for the humanity or otherwise, if it is a step backwards.From the following points you will find a general idea of the side effects of this phenomenon.
Side effects of Globalization
One of the most serious side effects of globalization is the exploit of row materials from Developing or 3rd World Countries. There's a great divide between those who have and those who have not. The 3rd World Countries are grossly underpaid for their indigenous row materials, and when they import the manufactured goods they have to pay a high price so that they can hardly make a profit, and so they go into debt. They have to ask for loans to the Developed Countries, which they cannot return back.
The crisis: The first signs appeared two years ago when overseas companies shut down and consequently a lot of people become unemployed. People who have lost their job couldn't pay the bills nor their mortatges, so they asked for loans from the banks, but they were refused by the bank as they were in the red.So those who have become redundant and they were not entitled to the unemployment benefits, could hardly eat and they almost lost their houses. There is a lot of people who are desperate, who would do anything to avoid going completely under.
In addition to this, the levels of immigrants have rose incredibly over the past two years.
Immigrants come to the Developed Countries looking for a better life, getting a well-paid job, dreaming about buying or renting a house and having a new life with their families, However when they get to the “rich and powerful countries” they find themselves without money, with a job where they are exploited and being hardly paid and in the worst cases, they have to sleep in the street under terrible conditions. This increase in population turns to an increasement of the dole and does not help to stop the economy's recession.
The supposed solution
The Government is going to inject bilions into the economy, as well as launch public employment schemes like jobs in the Department of Defence, Enviroment and Infrastructure, as a means to create employment, Also studying ways to create more assistance to the families in feeding and money.
The Government is going to inject bilions into the economy, as well as launch public employment schemes like jobs in the Department of Defence, Enviroment and Infrastructure, as a means to create employment, Also studying ways to create more assistance to the families in feeding and money.
All of this leads me tho the conclusion that consideration should be given to the side effects of the globalization as they are quite serious because if the economy doesn't pick up quickly the country could be ruined. However the economists forecast that in two years situation will return to normal if the government starts working from now.
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