Many more people world wide followed and celebrated President Obama’s victory on global media world wide than any US election before, almost feeling part of the event. People all over the world will follow President Obama’s path with an intensity that has no bearing on their immediate environment or lives. Or does it ? I do not think the world Governments have accepted the full impact of Globalization, despite the obvious effects of it on the downturn in the global economy. And President Obama will do well to face this head on….<\/p>\n
\n…..There is a wonderful Zen saying ” break a blade of grass and you alter the Universe” – and though it speaks about much more spiritual matters, in a way it applies to Globalization. No longer can President Obama declare that he will give incentives to Corporations that keep jobs in the US, and dis-incentives to those that export jobs. This is not going to be possible without a rash of counter measures by other countries that will be even more detrimental for the US economy. And the US economy is so dependant upon the economic health of the world.
\nLets understand something. For a century the West and other developed countries have been stealing jobs from the underdeveloped countries by importing their vast needs for raw materials. When a country imports oil or raw iron ore from another it is in effect taking away potential of jobs to turn the oil into fuel and the iron ore into steel in the country of origin, and therefore possibilities of economic development.
\nWe live in a vast global market and community now, where poverty in one part fo the world will affect the rest of the world. In economics , or in disease, or in terrorism and militarism. President Obama must know that he cannot make the US economically isolated.<\/p>\n","protected":false},"excerpt":{"rendered":"
Many more people world wide followed and celebrated President Obama’s victory on global media world wide than any US election before, almost feeling part of the event. People all over the world will follow President Obama’s path with an intensity that has no bearing on their immediate environment or lives. Or does it ? I […]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[12],"tags":[],"class_list":["post-447","post","type-post","status-publish","format-standard","hentry","category-current-events"],"yoast_head":"\n