gambar gunung soputan
July 3, 2011 Leave a comment
A Woman's Thoughts on Living & Politics
July 3, 2011 Leave a comment
Filed under Living
Mikyung received a doctoral degree in social science and did research on international trade and industrial production of certain commercial goods. Her research focused on international trade and industrial production of certain consumer goods and the impacts of trade agreement on them from economics perspective. What I learned from my research experience is that when countries engaged in fast, robust industrialization, economic development and growth, they often did so by heavily developing consumer markets to sell their products. Often these countries had poor domestic markets because of their low level of economic developments and low living standard and quality. So, they have heavily relied on foreign markets to export, pursuing “extrovert economic development and growth.” For these countries, “often their governments” have presided in the center of their economic development and export endeavors, because developing export markets, foreign markets often require rigorous, collective efforts of human skills, financial, physical capitals and diplomatic capability, which can be afforded by either larger corporations and governments but not by medium and small companies. Therefore, often their governments have been heavily involved in their national development projects, as we have seen in the Asian Economic Miracle Cases of Japan in earlier days, South Korea, Taiwan, China and later by Brazil. And they have succeeded in improving their economic power, living standards and global status…. In contrast, in the United States of America, the relatively affluent domestic consumer market and economy have incubated domestic businesses to settle down in domestic markets (introvert economic development and growth) and employed relatively relaxed business practices while trying to fend off foreign competition by seeking government protection against foreign imports that have been backed by fierce foreign business entities and their governments as their joint endeavors to promote their exports and achieve economic growth………In the middle of recession and job losses, in the middle of heated inter-governmental trade war for trade-economic-fitness and survivals, domestic argument of politicians for who is fit to be US President is whether he will reduce the government size to smaller and let private business entities rule over the freer market (As a result of this, what happen to this country for the last three years, as a matter of facts for the last four or five years?) one of the heated domestic debates of 2012 presidential election is whether to create a smaller, dwarf government (in competition with Stronger, Mighty, Focused Governments of Globally Rising Competitors !). It almost sounds like this country is desperate to dwindle its economy and internal status in the world economy and trade…..