Assignment 1 Example | Topics and Well Written Essays - 250 words - 17

1 - Assignment Example The impact of globalization on developing and emerging nations is said to be minimal. The policies that are affected by globalization are of special consideration as they determine how a country performs in global affairs such as trade. Policies needed to reduce negative impacts of globalization on developed nations are suggested in the paper. Policies touching on immigration, employment, and foreign competition are of interest to the paper (Gokhale, 2010). In my opinion, globalization has not reduced poverty because, even if, it has boosted exports and foreign investment in countries, it has provided for a ground on which developed nations are abusing these merits of globalization. They take advantage of the cheap labor in developing nations, dump pollutants there, and the international companies are only after their gain of profits and not for the alleviation of poverty. An example of globalization in the US is that of the US Federal Reserve Bank. The US dollar is the global reserve currency; this has allowed the US to control global interest rates and investment trends (Goldberg, 2013). Hence, this has had a positive impact on the inner cities and rural areas of the country by providing financial stability in the country. Financial stability allows for growth in local start-up businesses and companies that are revenue sources for the rural areas and inner cities. Globalization is rooted in economics to the extent that if one currency in the globe does poorly, or a country is in recession, or the oil prices rise or fall, then nearly all countries are affected by these economic trends. Each country is affected in a unique way depending on their standing in the global occurrences. Goldberg, E. (2013, March 12). The Globalization 5 -- How Globalization Changed America in 2013, and What It Might Mean for 2014. Retrieved October 7, 2014, from Huffington Post:

Introduction to Economics Dissertation Example | Topics and Well Written Essays - 250 words

Introduction to Economics - Dissertation Example There are several advantages and disadvantages of low-cost health insurance. The advantage of low-cost health insurance is that it would help cater for the health needs of lots of people, it would also make the poor people and the elderly people benefit from the programs, the low-cost insurance program would also save the people from the financial hardships that is caused by the high-cost insurance schemes. The disadvantage of the low-cost health insurance program is that it might not really cover the costs associated with the healthcare of the people as it has several limitations. The reason that people invest in low-cost health insurance program is due to the fact that these set of people live on low-income earnings and they are compelled to invest in low-cost health insurance schemes that would cover their entire household. The poverty level of different countries is also the reason that these people invest in low-cost health insurance programs (O'Sullivan, Sheffrin & Perez, 2010) . The reason for the golf boom that is experienced in China is not far-fetched. The reason for the golf boom is due to the commitment of the Chinese government towards developing the sport.