Overall do you think the new global economy is a good thing or a bad Essay

Overall do you think the new global economy is a good thing or a bad thing - Essay Example The new global economy would not be a positive thing to United States economy, which operates a free- market capitalism. The increased production in numerous growing economies such as China and India will infiltrate the United States leading to the decline of the exportation income. Dahlman and Renwick (483) state â€Å"The United States has generally eased import restrictions in hopes that U.S export to other countries will increase†. The dwindling exportation created by the new global in the United States would adversely affect many industries, which may cause some employees to be laid- off. With the wide- ranging areas of production in China and India, the new global economy would highly benefit these emerging economies. The youthful generation augmented by a growing population in both China and India would stretch the production and utilization further, which would encourage these countries to absorb much of their production, while importing more from other

Personal Essay Example | Topics and Well Written Essays - 500 words - 6

Personal - Essay Example I would be able to realize my potential as a businessman and live life to the fullest. All because my grandfather ensured that the future generations of his family would have the chance that he never had in life. So after the properties were sold and I got my share of the inheritance, I felt so rich. I know I only received $25 thousand but to me, that meant I was in the league of Donald Trump. Unfortunately, with the money that I inherited, I decided to live like Donald Trump did also. What a big mistake that was. The first thing I did was to resign from my job and enter into a silent partnership in a business with my best friend. He assured me that the business would have a 100% return on investment in a years time. I also put a down payment on a house in one of the upper middle class neighborhoods in our area and bought my dream car. It was second hand, but it was still my dream car. My parents and other relatives kept on reminding me to set some money aside for investments and liquidity and i kept telling them not to worry, I was in control of the situation. I was not going to lose the money I had. I was too shrewd and careful to do that. I had business advice coming in from my friends and they all had various investments that I could go into quite safely. Being my friends, I did not think twice about entrusting my money to them. All was well for a period of time. I was living the high life and getting dividends from my stock investments and loans that I gave to my friends. The business seemed to be doing well also. I will admit, I did not know anything about business. All I knew was that I was promised money in exchange for letting my friends handle my finances. I know realize what a big mistake that was. The Wall Street crash of 2008 happened in the blink of an eye. Just like everyone else in the world, my finances were severely affected. Suddenly, my friends who invested my finances were