Sunday, April 29, 2012

Part II Reflection

1) What does the history of the location of the textile industry illustrate about global economics?
  • Global economies prefers a place with the cheapest labor, lowest restrictions, and greatest production, like China, for example.
  • The textile industry informs about gender equalities between the sexes, where women were preferred to men because they had the skills to do so.
  • China has the greatest population where people are available and desperate to work.
2) Industrialization brings both positive and negative consequences. How do you view these trade-offs. Use specific examples from the text to support your view.
  • "Cotton textiles led the industrialization of a region" (pg.100) - Japanese female workers worked 12-hour days and two day off per month and lived in boarding houses. (crowded)
  • BMW manufacturing facility - they lost the race to the bottom but those countries became the most advanced economies in the world today.
3) Choose one passage from this section of book that you found particular informative. Explain why it was interesting.
  • The quote that I thought the most interesting the book was "women's labor was cheaper than men's, women more easily induced to undergo severe bodily fatigue"(pg.95, The Long Race to the Bottom) because it distinguishes gender differences of work that had to be completed within a period of time. This was due because women and children were less likely to cause trouble and were productive than that of men.
  • Gender equality at the time was very different because women were paid less than men because men worked more hours outside of the home. The men worked in the public sphere whilst the women worked in the private sphere where they were not allowed to work outside of the home. They were preferably worked inside the home, taking care of children and their family. This separated the lives of the women and the men, focusing on different aspects in job opportunities.

Thursday, April 26, 2012

The World is Spiky

Question #1 = How does the author see globalization?
  • Globalization is "spiky" not flat and becomes more spiky as it progresses
  • It is economically competitive on a global level.
  • Globalization is devastating for areas of low population density.
Question #2 = How does this late to central place theory?
  • Densely populated places have more variety and specialization of medical, food, entertainment and other services.
  • It also clusters the population in one area 
  • People are able to build connections with another area for business purposes such as trading and economic interactions.
Question #3 = For your foreign travel plans, locate your city within the hierarchy of central places. Provide examples of nearby places that would be lower or higher on the hierarchy.


Seoul, South Korea
  • The capital city and the largest metropolis of South Korea.
  • Seoul has a population of 10,464,051 people.
  • It is the largest city proper in the OECD developed world. courtesy of wikipedia.
  • It is well known for tourist attractions, museums, shopping centers, and major business hubs (LG, Samsung, Hyundai, SK, Kia)

Town: Goseong, South Gyeongsang 
         : It has a population of 60,374 people.
         : The town is known for fossil sites, church, and family market.
Small City: Uijeongbu, Gyeonggi-do
                : It has population of 420, 000 people.
                : It is a growing downtown district and is known for its Korean and American military bases. 

Regional Metropolis: Daegu, Yeongnam 
                               : Daegu has a population of  2,446,418 people.
                               : People can visit Buddhist temples, theaters, and hospitals.




Friday, April 20, 2012

Transportation Systems

Water Transportation
1,608km (most navigable only by small craft) as of 2010
Busan Port Authority
Mukho
Pusan Newport International Terminal
11 ports and harbors
Operates one of the largest merchant fleets serving China, Japan and the Middle East
Land Transportation
railways - 3,381km
              - KTX provides high speed service
              - Korail provides frequent train services to all major South Korean cities
              - subway system is the oldest system in the country  
roadways - 103,029km
                -  freeways and national roads
                - almost all freeways are toll highways and expressways are built

buses - "high speed" express bus or "suburban" intercity bus
Air Transportation 
116 airports as of 2010Incheon International Airport = largest airport
Gimpo Domestic Airport, Pohang Airport, Busan Airport, Ulsan Airport, Jeju Airport and Yeosu Airport

Thursday, April 19, 2012

Shipping Container Response

Interesting Section
  • I though that the high efficiency transportation system was interesting because it impacted consumers and producers importing and exporting the containers                                                               
  • I did not know that it would be an impact toward the economy as much as I thought it would            
Shipping Container -- Globalization

  • It made the shipping cheaper and could hold more containers 
  • It was interesting to understand how goods were transported without having to unpack
Impact on National Income


Short Term
  • I think that the investment of shipping will increase
  • The export will be cheaper since people are willing to ship it elsewhere
Long Term
  • It would be easier for people to take part sending goods to other folks across the world because it is now easier to store items and ship it without taking days after days
  • I think it will increase the national income because people will invent technological innovations to better facilitate moving containers from one place to another 

Friday, April 13, 2012

Answers to the Three Questions

1)  How do the markets Rivoli discusses differ from an idealized, pure market theory?

 Rivioli states that markets differ from a pure market theory in that markets are not based only on market supply and market demand. The buyer would set a price and the seller would agree because they did it for themselves and for their family. Also, the Farm Bill that was passed in 2002 "increased the farmer's income by 72.24 cents per round." Therefore, the government protected the farmers by subsidizing and sharecropping.

2) Choose one specific example of culture interacting with economics from these chapters.


 Wherever people live, different cultures will interact with different economies, which would play a significant role in the production of goods. Rivioli discusses the importance of interactions between cultures in that United States was better off in productivity and technology than that of West Africa. "On average, US cotton farms produce more than 400 times the cotton than the typical African farm." (pg. 62) 

3) What surprises you in this section of the book?

Chapters one to four was an interesting read. I never thought that United States was booming in the cotton industry. I also did not know where t-shirts came from and how the government prevents the cotton industry. Not only did it impact the cotton industry but other important industries as well. I was able to understand the 
economies of cotton very well.

Sunday, April 8, 2012

Korea's Virtual Shopping Guidelines

 Courtesy to http://www.guardian.co.uk/commentisfree/2012/apr/01/south-korea-recipe-for-unhappiness

Britain's deputy prime minister, Nick Clegg, with Samsung Tesco CEO Lee Seung-han, tries out a virtual store at a subway station in Seoul. Photograph: Bobby Yip/Reuters




http://sitchnews.com/610/worlds-first-virtual-store-opens-in-korea

According to the video clip posted stated that "Koreans are the second hard working people in the world. Shopping once a week is dreadful to them. In order to approach the busy, tired people," the virtual store opened in subways and grocery stores like Homeplus. People can download the Homeplus app, then scan the barcodes of "food, electronics, office supplies and toiletries." After people finished shopping, the bought goods are delivered to their house right after. "The store would come to the people" instead people walking into the stores to buy things. There are currently "seven pillars and six platform screen doors" at the subway station, creating an easier access for the people to shop. Almost all the foods at the grocery markets are available like milk, eggs, digital camera and more. The virtual store is efficient and effective because people can grocery shop as they are waiting for the subway to arrive.

The technological improvements of smartphones and androids allowed people to communicate among each other and to increase the production of goods. This way it provides an efficient way for people to shop online without having to line up for the first customer to finish. Homeplus workers can deliver the goods in a split of a second, though it takes some time to all the people. People can shop quicker than before where that was not an option. If virtual shopping popularize over the world, it would create a more effective, efficient way to use their time at subways or grocery stores.

The virtual store looks efficient for quick purchase but it is time consuming in the long run. People may take about 5 to 10 minutes to buy 5 goods but are they willing to wait that long in the middle of the subway station? It takes time and do not think that people will spend hours and hours shopping virtually because they have other activities they can do in their time, like the saying goes "time is money." In order to improve the situation, there must be at least 4 Homeplus workers who are willing to deliver the goods so it can be delivered to the people quicker and more effective.

Overall, Korea's expediting virtual store opening in August.31.2011, the amount of people willing to purchase goods increased extremely. It is a convenient despite the time it takes to deliver to people's homes. About 10,287 consumers visited the online shopping center, online sales increased 30% and Homeplus has currently been number 1 in online market. Because of the technology improvements, such change could be made: more and more people are interested to buy goods from their smartphones at subways and where there is a virtual store available.

Friday, April 6, 2012

The Importance in the Business World

Major Themes:
In the business world, it is important to note that responsibility of each country's are crucial to determine the country's success: social and business responsibilities as well as political factors, principles and consequence. Friedman divided the article into these sections where he specified the roles of what people do at their jobs. People should change their attitude based on where they are at the moment in time; whether at business or social locations to do the better of a community.

Cultural Values:
I believe that Friedman's most important cultural values are high individualism because people are responsible for making their own decisions on any situations and like to be independent. People like to solve their problems on their own rather than in a collectivist country where the focus is on the group. In the article, Friedman states that "he is spending his own money not the money of his employers." This clearly states that the boss highly values on himself more than others. Also hierarchy plays an important role when it comes for the authority to take charge of the underclassmen. Note that whatever job a person has determines their status in life because every one is competing against each other to attain the spot in place of another, their rival.

Conflict Between Business and Social Responsibility
I do not think there is a conflict, however, when the line is drawn, there is. Business responsibility defines as when the main goal is to conform to client's needs and provide the best quality goods and services for the citizens.Social responsibility means that people and organizations have a positive impact on development contribution, environment, and the business society. In different settings, its important to determine whether one lies within each other. I say it does not because business and social factors are practiced differently and are of different concepts.

Tuesday, April 3, 2012

The Importance of Culture in Today's History

During our Monday's class, a professor from University of Chicago, Richard A. Shweder, gave a lecture about "robust cultural pluralism," a term that he established the moral foundations of cultural societies of the first, second and the third world countries. In his lecture, he discussed about the three prophecies which he thought was the most important: ethical community and power, globalization of free trade, and modern nation states, respectively.
A)
The first on his list was ethical community and power which determined how a society act culturally and historically. David Miller, a leftest politician of the New Democratic Party mentioned that 'nations, cultural groups stretch backwards to the past to determine the robust pluralist culture. It is the community of obligation, where social membership is a free choice and is a living culture. Shweder wanted people to understand it is a sense of obligation where people had no choice in going about saying something about their own culture. Shweder attended two meetings which specified about culture and gender norms in a society. The first was "Culture Counts" which was held in Florence, Italy, in 1999. The conference allowed people to realize that culture plays an important role to find their identity, values, and well-being. Shweder described how some first world countries are better off than other countries, which was based on cultural inheritance of how people communicate, interact and learn from each other. The second was "Gender and Justice of Africa," a meeting held in Washington, DC. This conference was about the

The second on the list was globalization of free trade, where countries of different backgrounds, history, and culture. Free trade is when groups exchange their goods fairly amongst each other by trading modern technologies, economic institutions, and school system for the disabled people. "Boundaries determine culture," meaning that how people act, behave and build trust with each other. History repeats itself by going through the cultural and historical changes in life that brought the countries together. This created a homogeneous territories and diverse communities in the region. The income equality in Georgia and Slovenia was discussed by Shweder that 'linguistic diversity" has a equilibrium trade point to tolerate more inequality of ideological difference in different countries. 

The last prophecy that Shweder discussed was about modern nation states. He briefly touched the last bit that global empires will be better than the Ottoman Empire. Since there is local control, and has no standard family life, and the way of life is compared to cosmopolitan lifestyle that the "world will turn to a global empire in the end" because of these characteristics. The hazards appointed with these are that it is a federated structure and allow local groups to operate the culture historically, politically, and culturally.

In conclusion, Shweder explained that culture affects countries in different ways whether it is in first, second, or third world countries. The expansion of new ideas change the way countries view each other through ethical power, free trade and nations. 

B)

Some of the indicators for global change is due to technological and social changes. People invent new ideas and skills that would make their country better off than others. "Why makes some countries rich and others poor?," it depends on the country's standard of living, income, technology, and population.

C)
Culture is important in shaping economic outcomes because of certain factors in the society such as cultural and historical factors so yes, it is important. Cultural examples are based on network and trust among similar cultures. For example, in international business, I learned whether you are from a individualistic or a collectivist country, culture defines as who you are in the society.Culture impacts based on cultural preferences and expectations. People have their own styles of acting and behaving in certain situations such as negotiation or with friends. I am from a collectivist country, where we highly value relationships among each other and with foreigners. In negotiation, we like to get to know each other first then go right into business. Also I am from a culture where we respect people who are older than us. This can be understood by people in my country who experienced it before. Others might not be aware of the relationships but South Koreans highly believe in respect and building long lasting relationships. History speaks for itself, we as people of history understand how our country became what it became today through economic, political, historical, and social changes in life. Culture defines us as who we are in the society we are from.