Cultural geography has changed my view of the world Essay

Cultural geography has changed my view of the world - Essay Example nd that the main reason for the growth of the international business in the global economy from the 20th century is due to transport and communication improvements brought about by globalization. This explains the increased business relations of between various countries across the globe. The economic and cultural interdependence seen in the world is also because of globalization. It has also enabled me to understand the aspect of westernized world and why it has been influential across the globe. It has helped me understand that the process of westernization joins the western influences and interests with parts of those countries that are affected. These affected countries or communities are often trying their best to understand and change towards the westernized society in search of the western life or some of its aspects. Cultural geography has also helped me understand that there are three categories of landscapes ranging from those built by humans, others that have evolved organically, and others that are associative or valued due to religion, art, or cultural dimensions. Initially, I thought globalization had done the world more harm than good due to the economic hardships witnessed in some countries. These economic hardships resulted into increased difference between the rich and the poor. However, globalization, according to cultural geography has enhanced increased the levels of communication and transportation thus increasing the levels of international business in the global economy (Ritzer, 2010). Moreover, I had the notion that western countries are less affected in the aspect of westernization of non-western countries. However, such western countries adopt various changes either cultural or psychological in the event of establishing contacts with various other groups in non-western groups in the globe. They adopt changes, which are in line with their lifestyles, physical appearances and other aspects and shifts in the cultural patterns. Moreover, I

Degrauwe Essay Example | Topics and Well Written Essays - 750 words

Degrauwe - Essay Example The EMF must, therefore, employ a more intelligent approach than that previously employed by its predecessor. During the period the EFSF was in existence, the interest rates charged were extremely high. For instance, in the case of Ireland, the interest rate charged by the EFSF on the Irish rescue program was up to six percent. The effect of this was very unfortunate: first of all, it made the Irish government experience hardship when trying to reduce its budget deficits that would consequently reduce the debt accumulated. Secondly, the EFSF charged Ireland an interest rate that was three percent above what had been charged on Germans, Dutch, and the Austrian government, which is a risk free rate. Simply put, what the EFSF did sent the signal that with such rates there was a risk of default. Meaning, the government of Ireland was not in a position to recover and put its budgetary situation in order. This should explain why the financial market developed mistrust that led to them also charging high risk premiums that consequently led to a high risk of default (Degrauwe p12). It is not easy for governments to borrow money from the Eurozone in their own currencies. This is because there are quite a number of challenges that countries face by going this direction. One major challenge is that the European debt crisis is treated as a series of a country’s individual problem and not as a collective responsibility that has occurred as an outcome of systematic problems in the Eurozone. This makes the economic sovereignty of a member state become vulnerable whenever they are in debt. This is because unfavourable market sentiments can force them to default. This may lead a country to a situation of being in unstable as a consequence of high interest rate. The high interest rate on a country means that domestic lenders will also have to demand high interests on borrowers and this is what leads to economic crisis (Degrauwe p12). Another