Society & Culture & Entertainment Cultures & Groups

Globalisation: The recession effect...

What is Globalisation? The simplest explanation one can think of is that Globalisation refers to people and by that sense means that their groups (societies) or functions (operations) are unified as one.
Let's put some examples behind Globalisation:

1) Economy: uniformity in economic transactions such as banking, financial transactions, stock trading, capital flow etc.

2) Science: international collaborations between researchers, research platforms, global knowledge databases, multi-national experimental projects etc.

3) Technology: internet, space exploration, GPS etc.

4) New age: sociological trends (terrorism, online communities), e-crime, hacking etc.

Just to name a few... (The list can go on and on and on...).
One thing is for sure, Globalisation is inevitable as long as technology advances and computing power increases. It has its pros and cons.

Nowadays, the most popular word in the street is: recession. But how did recession hit us? Is it coming from the sky? Is it enorchestrated from a "dark" power centre where powerful people are thinking of world domination? Is it caused by our activity?
My answer is that to a certain extent we (simple people) played a major role for this to happen. Along with the help of the "Golden Boys" which made sure that we will not fail to our mission!

My rationale is simple, the economy by definition is how we manage (term: -nomy coming from Greek: nomos = law = ruler = manager) our home (term: -eco coming from Greek: oikos = house). Since contemporary management of one's house (extending this term to: a business or an economic activity) is subject to a lot of parameters apart from what is really necessary for its sustainability, like social recognition, excessive wealth creation, imbalanced procurement of goods, other interested parties (like stakeholders or shareholders) then it becomes complicated!

In plain words, we do not have any power over the developments of our own economic environment and gradually we are becoming dependent on other factors influencing it (i.e. interest rates, oil prices, real estate market, political conditions etc.).
In any period of time, we will face a different challenge. This period is dealing with recession, in another point of time we will be talking about booming or stagnation.
The way we nurture our perception about our surrounding environment (society, economy etc.) has a direct impact in our everyday life. No need to seek for scape-goats before we can assess our (daily) managerial abilities!

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