It's a small world after all

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globalisation blues

You can't hide in your bed;
You can't hide in your head.
They'll run over you; you'll be worse off than dead.
I'm talking about globalisation, globalisation.
Drug dealing, money stealing globalisation blues.
They say forget your suspicions;
Work in sweatshop conditions.
Sew some more sneakers and guard these munitions.
It's globalisation, globalisation.
People bashing, job smashing globalisation blues.
They say your country's in debt
And you've got to pay.
If you want to eat then do what we say
That's globalisation, globalisation.
Slave made, world trade globalisation blues.
Since you can't get away
Better fight them today.
From Seattle to Prague, Manila Bay to LA,
It's globalisation, globalisation.
On the street, we're gonna beat the globalisation blues.

the experts

Deborah, Rimiko, Rong Qi, Qi Long, Xiu Yu

TemasekJC

2A'06

groupTHREE

about globalisation

It's all about the Process, Phenomenon and Philosophy.

themes of globalisation

- Development of technology and shrinking of the world
- Ecological interdependence
- Cultural homogenisation
- The crumbling of national boundaries
- Development of world market
- Economical interdependence and dominance

Entries

Saturday, 12 May 2007

ECONOMIC POST 4.
The tiny red dot. She was once a fishing village and now a bustling city which will make much more progress in the near future. She will be the proud owner of the Singapore Flyer, she will be housing the next Grand Prix F1 race, she will have the very first double helix bridge and she will build two casinos at one shot. She has also been described as the country with the most intellectuals per unit area, she has also won top spots for people who walk the fastest.

She isn't just that tiny red dot anymore, she has been opened her doors to the world and it is globalisation that drove her this direction.

Should we rejoice or whine?

Whine for the influx of other cultures, whine for the coming of foreign talent (who ~~apparently~~ steal jobs), whine for the faster pace of life that we are continuously trying to keep up with? I think globalisation has guided us the right way. We are not self-sufficient, we do not have the resources and enough talent by ourselves. We have to rely on others.

Coming out with new gimmicks to attract foreign dollars has become rife in today's society. With Singapore unrolling her plans to construct two casinos, Taiwan has also started discussions on having four.

The globalised world today is a continuous rat race, only the fittest survives.

By attracting tourists to the enclaved red dot, we are tapping into the economy of other countries. The world is not becoming smaller physically, but physocologically. You know that you will have to take a twenty hour flight to New York, but you can buy the shares of any listed company without having to go there personally.

Talking about stock exchanges, they can be said to be the most economically globalised area. By buying a few shares from a company overseas, you are a shareholder of the company, or in other words, you own part of the company. Buying and selling shares is actually a virtual action, yet this is one of the greatest cause of bankruptcy. In addition, IF the US stock exhange Dow Jones crashes, the world will be left in dire straits. Yes, this is the power of globalisation, economic globalisation.

Back to the topic of the little ~~seemingly insignificant~~ red dot. She has globalised, but in a good way, hopefully. Free trade agreements with other countries all over the world has led her onto the track of promotion to being a developed country. She is prosperous, and I believe she will continue to, thanks to economic globalisation.

DEBORAH SIM signing off

- because there's really no need to, anymore... 3:40:00 pm

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