Reference no: EM131182350

Discussion 1

The International Monetary Fund (IMF) and World Bank have played a major role in globalization and socio-economic reform. Tax incentives to many developing countries in exchange for making economic reforms have helped widen globalization. The Liberalization, Privatization, Globalization (LPG) approach received a big boost due to IMF and World Bank policies. The GATT (General Agreement on Tariffs and Trade) also played a significant role in ushering in globalization-minded economic reforms (IMF, 2008).

China, Romania, and India have successfully implemented economic reforms in the era of globalization. China's economy has been socialist in structure while India holds to a traditional, agriculture-oriented, feudalistic economy (The World Bank, 2015). Both economies implemented numerous reforms over recent years. The results in both cases have been highly encouraging and have set a high standard for other developing economies. On the other hand, Greece has not faired out as well. Read a "A very short history of the crisis," located here (https://www.economist.com/node/21536871)

Next, go to CNN's Website and read the article titled, "Q&A Greece's financial crisis explained," located here (https://www.cnn.com/2010/BUSINESS/02/10/greek.debt.qanda/)

Provide your opinion on how the Greece-Euro became such a big problem. Determine who is most exposed if Greece defaults and speculate on what a Greek default would mean for you. Recommend two potential policy solutions to the Greek debt problem. Provide a rationale for your response.

"The Global Environment: A World Problem"

Discussion 2

Environmental governance is a concept in political ecology, environmental policy, and international global administration. Environmental governance advocates for sustainable development for the managing of all human activities - political, social, and economic. It views natural resources and the environment as global public goods that benefits everyone, that is, everyone is entitled for clean breathable air, and a stable climate, and continual biodiversity. This is accomplished through several government agencies, mainly the World Meteorological Organization (WMO) that works on climate and atmosphere, and the International Atomic Energy Agency (IAEA) that focuses on nuclear security (Brandes & Brooks, 2005, p. 8).

The world may someday "collapse" due to accelerating environmental problems. Agree or disagree with this statement and list two reasons in support of your position. Provide one example of how global corporations alleviate environmental problems and one example of how global corporations contribute to environmental problems.