GLOBDEV Entry # 7

The nature of globalization lies in the fact not everyone can be pleased. I guess that's just how the way works. As it is said in economics: "There is no such thing as a free lunch". It is sad when you think about but in reality, it is really true.

There are going to be winners and losers after all. The best that we can do is to reduce its negative effects and to provide more balance but achieving a 100% win-win situation is very difficult and this is so for many reasons. First off, resources in this planet are not infinite and not all of them are sustainable or renewable. With that, people fight to have a share in this limited resources and now the problem lies in how to allocate these accordingly. Then, you have the problem of limitless human wants and desires. We demand more but we are supplied less and thus, the constraints start to appear. Indeed, the wheels of globalization are spinning.

This analogy can be applied to the automotive industry. You initially have the Americans and Europeans who introduced this whole concept of the automobile. Then, later on, the Japanese started entering and their products were crappy at that time but they kept improving. Now, they are dominating the world and  Toyota is leading the pack as of the moment. Unfortunately, there will come a time when Toyota will be dethroned by someone else. Right now, Volkswagen group and Hyundai-Kia group are now at each other to fight for the top spot. With that, let's also not forget about the Chinese auto brands. Right now though, their vehicles are shit in quality and they blatantly copy from other manufacturers. HOWEVER, there will come a time when they will improve and when they've reached that level, they will become something that even the established brands would dare to not underestimate. Indeed, the wheels of globalization are moving once again.

Indeed, we are living in a world that is constantly and rapidly changing. Globalization involves rapid changes and affects many different things. We do have to admit that it is not perfect though because we made this system out of circumstances and conditions that are prevalent in societies today. Ultimately, the roles and responsibilities lie within ourselves. It should be that people should be aware that the structures and systems in place are not perfect and will not please everyone because we, as the ones who created these systems and mechanisms, are not perfect beings. Hence, what we can do now is to make sure that we improve the system and help out in making it work for us better.

It is now our job to make it better so that it can work best with changing conditions and needs of people.