Globalization has
generally been accepted as a process of interaction
and integration among the people, companies, and
governments of different nations; a process driven by international
trade and investment and aided by information technology.
Process is a series of
actions or steps taken in order to achieve a particular end or
result.
Interaction is what takes
place when something occurs causing two or more objects to have an
effect upon one another.
Integration is the act or
instance of combining into a whole.
So, people and labor of nations,
companies, and governments of different nations all over the world
are going to interact I such a way that we have an effect upon one
another with the ultimate goal of combining ourselves into a global
whole entity of sorts.
WOW!
Now that is incredibly noble.
And, I must say that it is something
that I would have expected to hear from a contestant at a Miss
Universe Pageant.
Yet, it is exactly what former
President Ronald Reagan and former Prime Minister Margaret Thatcher
had in mind when they set the proverbial ball in motion circa 1980.
Globalization has had several impacts
on Americans:
- Our cost for our quality of life has remained relatively stable
- We have lost many jobs at home due job exporting overseas
- Business have access to global talent more inexpensively
- Our economy has entered a roller coaster phrase
- A greater divide between the rich and poor has developed
- There has been a reduction in the Middle Class
Globalization has had several impacts
on the rest of the world:
- access to more goods and services
- access to more wealth distribution
- access to an increased quality of life
- access to an expanding Middle Class
- access to more opportunities for work
- access to have more of a voice in governments
Globalization has leveled the playing
field in a way...
But, in what way?
Well... in this way...
America was HERE *****
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***** Rest of the world Here
With Globalization...
America is here ***
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*** Rest of the world here
As globalization continues, we will
eventually see:
America
here*****Rest of the world here
What is this tell us?
In order for the rest of the world to
come up in socioeconomic status, American must come down.
Unfortunately, few people see this and those that actually see it,
refuse to admit that is it true.
Let's just take Petroleum Crude Oil as
an example...
What is it used in?
- Gasoline 46%
- Heating Oil/Diesel Fuel 20%
- Jet Fuel (Kerosene) 8%
- Propane/Propylene 7%
- NGL & LRG1 6%
- Still Gas 4%
- Petrochemical Feedstocks 2%
- Petroleum Coke 2%
- Residual/Heavy Fuel Oil 2%
- Asphalt and Road Oil 2%
- Lubricants 1%
- Miscellaneous Products/Special Naphthas 0.4%
- Other Liquids 1%
- Aviation Gasoline 0.1%
- Waxes 0.04%
- Kerosene 0.02%
Propylene is used in the manufacturing
of plastics.
Can you imagine America without
plastics?
Well... guess what?
The Middle Class from the rest of the
world wants plastic items too. That increased demand cannot always
be met which increases the cost of plastic products.
Economic is the study of the allocation
of scare resources that have multiple purposes. Scarcity is said to
occur because suppliers cannot get all the supplies to the
marketplace exactly when the
consumers want to purchase them.
Price is then used to regulate the
distribution of these scare resources.
As we see above, oil has many uses.
When supply goes down, the owners of the refined oil must decide
through price which customer is going to receive what they demanded.
For example, the Kerosene people might
be willing to pay more than the wax people are willing to pay for the
amount of refined oil that they need to meet their customer's
demands.
The global demand for plastic products
will favor those countries where those inhabitants are willing to pay
a higher price for the product than they did previously.
With the middle class shrinking in
America and growing throughout the rest of the world, plastic
products are likely to go to the rest of the world before Americans.
How can we stop this?
Now, this is a great question.
And, my answer is...
WE CANNOT...
As sad as that sounds, it is true...
and, as I said before many Americans do not want to believe that this
is happening... although, they can understand and see a loss of
jobs.
Americans are BOILING FROGS!
Why do I say this?
Because:
- They do not do anything about the bad politicians
- They do not typically vote in elections
- They do not watch the news
- They do not read the newspapers
- They do not want to talk politics
- They do not want to discuss the economy
- They only want to BITCH
Now, about the Boiling Frog.
If you have a rather large bull frog in
your hand and try to put that frog in a pot of water that is boiling.
That bull frog will first pee in your hands and then struggle
violently to get away. But, if you gently place that same bull frog
(after it has calmed down of course) in a pot of luke warm water, the
bull frog will not struggle at all; in fact, you can gradually turn
up the heat underneath that pot until the point that the water is
boiling and the bull frog will not move.
Seriously... look it up on Google.
Americans are boiling frogs because of
our apathy and the heat is being turned up all around us and very few
of us even notice... we go on about our lives in oblivious
contentment.
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