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Posted by: | Posted on: February 2, 2009

Globalization and Financialization

Globalization and Financialization

The New Approach of Best Corporate Citizenship

Abstract

Globally speaking, the politics of globalization has been enormously debated. Current financial crisis has triggered the unenthusiastic brunt of people worldwide. This phenomenon is substantially caused by the impact of globalization. This paper will seek to understand the current financial crisis of financialization under the spectrum of globalization. The ongoing financial crisis of America and other regions of the world clearly translate the interconnectedness of the new approach of financialization conundrum. This paper elaborates the effect of globalization on financial flows and discovers the casualties from this crisis. The current United Nations Secretary General Ban Ki-moon called this crisis as “Slavery Perpetuated by Global Financial Crisis”.

First, there will be an introduction and some thought of pros and cons of globalization. Second, there will be an explanation of financial crisis, its casualties in our planet. Third, there will be suggestions and recommendations including the structure design to the new approach of best corporate citizenship to shoulder force in tackling this predicament.

Background

Globalization simply refers to the integration of regions into a global sphere. Many factors are considered the substantial proponents of globalization such as political ideology, social, culture, finance, technology, economics and geography that have drastically changed its shape to fulfill the lens of globalization. Many authors have linked current globalization to the belief of it is a repeating world history. Some said globalization has evolved around the expansion of human population and the invention of civilization such as the Sindhu of India, Roman Empire, or Han Dynasty of China. Some found that the historical routs of explorers and colonial agents are initially the links of flow of globalization such as the discovery of North America by Christopher Columbus or the Silk Road of Marco Polo. But the notion of globalization clearly emerged after the World War II when economists and politicians tried to restrain from continuing declining international economic integration and intractable division. The term itself was coined by different scholars interpreting in different periods. But in modern world, globalization has been preferably reiterated to identify the flows of trade, exchange of ideas and knowledge, technology, investment, and financial exchange. In Globalization and Its Discontent, Joseph Stiglitz defines globalization as “closer integration of the countries and peoples of the world which has been brought about by the enormous reduction of costs of transportation and communication, and the breaking down of artificial barriers to the flows of goods, services, capital knowledge, and (to a less extreme) people across borders” (Stiglitz, 2002). Part of this change is due to mobilization of labors and migration, but much of the larger part is due to changes in per capita income that is the “great divergence” as the ratio of per capita income of the richest to poorest nations are widened (Venables, 2006).

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Posted by: | Posted on: January 27, 2009

Some visions from some scholars on post-war Cambodia

“Cambodia’s future is bleak. Democratic forces in opposition to Hun Sen have been impeded by the emerging norm of avoiding conflicts to maintain stability even if stability undermines the development of improved human and civil rights…” — Abdulgaffar Peang-Meth 1997

Sorpong Peou, 2001. “The International Library of Social Change in Asia Pacific: Cambodia”. Ashgate Publishing pp.341. Article appeared in Contemporary Southeast Asia on “Understanding Cambodia’s Political Development”. 19, pp.286-308

“Even in the rosiest scenario, democracy will take a long time to put down firm roots in Cambodia. If it is to have a real chance, however, the country’s political elites must begin respecting norms of accountability and transparency, and must get serious about fulfilling the mandate for democratization that they received from the voters in May 1993”. — Julio A. Jeldres, 1996

Sorpong Peou, 2001. “The International Library of Social Change in Asia Pacific: Cambodia”. Ashgate Publishing pp.349. Article appeared in Journal of Democracy, Volume 7, Number 1, January 1996 on “Cambodia’s Fading Hopes”. 19

“A preliminary assessment of the political economy of the Royal Government of Cambodia evokes a sense of deja vu . Twin themes of continuity and transformation emerge from the analysis, with attempts to transform the economy frequently undercut by the continuity of malfeasance, corruption, and violence. The Cambodian proclivity for violence in the post-Khmer Rouge period is especially disheartening…” —Ronald Bruce St John, 1995

Sorpong Peou, 2001. “The International Library of Social Change in Asia Pacific: Cambodia”. Ashgate Publishing pp.539. Article appeared in Contemporary Southeast Asia, Volume 17, Number 3, December 1995 on “The Political Economy of the Royal Government of Cambodia”.

Posted by: | Posted on: January 25, 2009

The Recommendations of Ta Meas

Today, it is my prestigious moment to have been reading a political, historical personal memos of Ta Meas during the political upheavals of Cambodia in the rival of Annam (Vietnam) and Siam (Thailand). Ta Meas in that time, according to his memos, he was 80 years old in the year of 1828. The book was recompiled and interpreted by Dr. Khing Hok Dy and in his preface, he described that Ta Meas had spent his life gone through at several Khmer monarchs such as Ang Chan, Queen Ang Mey, Ang Duong, Norodom and the beginning of Sisowath throne. Ta Meas’s narrative is simple, folktale style and reflective the destitute conditions of Cambodian people in that time because of internal divisions and outside invasions.

Dr.Khing Hoc Dy pointed out that this memo was published by French Protectorate with the first arrival of Printer Publishing in Khmer in 1907-1908 and the writing structure was slightly disorganized before the introduction of Cambodian first official dictionary in 1938. The significances of Ta Meas’s memo intrigued my thought to the disintegration of Cambodian nation and her territory integrity. Ta Meas was well aware of the distinction of Cambodian race upon the political interfering of Annam and Siam in that time. His brilliant point of view to seek other outside international partners to stabilize and neutralize Cambodia is fit well to the current survival of Cambodia.

There are many countries he mentioned in his memos that King sought to take their hand. Those countries including Europe, England, French, Portugal, Holland, Java, Sumatra, Singapore and Spain. His description is moving with the King’s international expanding to find supports and Cambodian King saw French as his important supporter to get rid of both Annam and Siam.

According to many academic researches of Post-Colonial countries and politics, there have numerous emerges of national identity, nations and nation states. Those are including new emerges of nation-states without linking to its past line and nation-states that has been strongly inherent to its glorious past. Cambodia has resurvived again in the continuity of Khmer race from Angkor era to present nation-state.

Penny Edwards, in her book “Cambodge: The Cultivation of a Nation 1860-1945″ fascinatingly articulates the regeneration of Cambodia to become a nation-state. Penny assumed the language, cultural, monumental and religious factors as the substantial premises leading to the formation of Cambodia. The compartmentalization in each of these factors was well prepared and built by French Protectorate. French has played important role in building a fragile Cambodia into a modern nation-state, Penny assumed.

I recommend every one to read The Memors of Ta Meas, it is really joyful reading book. And if you have time, please read Penny Edwards’s.

Orkun

Posted by: | Posted on: January 15, 2009

Things of connectiveness of nationalism

1. Identity

Individual/personal identity, collective identity, and national identity

2. Push factors, pull factors of immigrants

Historical push and pull factors, geographical push and pull factors, economic push and pull factors, political push and pull factors, social push and pull factors

3. Understanding of nation

Language, ethnicity, culture, religion, geography, relationship to land, spirituality, politics, shared value and beliefs

4. My loyalty to (contending nationalist loyalties?)

a person, a cause, an idea, a value, a nation, a community, myself

Religious Loyalty, Regional Loyalty, Ethnic Loyalty, Class Loyalty, Cultural Loyalty

5. Think…Participate…Research…Communicate, Recall…Reflect…Respond

6. Should nations pursue national interest?

National Interest and Foreign Policy (how do national interest and foreign policy shape each other?), Nationalism and Ultranationalism (how can nationalism lead to ultranationalism?), Ultranationalism and Crimes Against Humanity (how can ultranationalism lead to crimes against humanity?), National Self-Determination (should national self-determination be pursued?)

7. How does ultranationalism developed?

Countries in Crisis, Charismatic Leaders, Instilling Ultranationalist Values

8. Should internationalism be pursued?

Nations, Nation-States, and Internationalism: does involvement in international affairs benefit nations and states?

Foreign Policy and Internationalism: should foreign policy promote internationalism?

Internationalism and Nationalism: does promoting internationalism affect nationalism?

Internationalism and Global Issues: how effectively does internalism address contemporary global issues?

Key terms: needs, wants, isolationism, unilateralism, bilateralism, multilateralism, supranationalism

9. How internationalism benefit nations and nation-states?

peace and security, economic stability, self-determination, internationalism and humanitarianism,

10. How can nation-states promote internationalism through foreign policy?

promoting peace, peacekeeping and internationalism, international laws and agreements, foreign aid and internationalism

11. Global Challenges

poverty, hunger, disease, debt, climate change, human rights, conflict

Key terms: absolute poverty, odious debt, civil society

12. National Myths

Myths can also represent a nation’s identity. Many cultures are founded on a creation myth — a story that tells how a place, a city, or a nation and its people came into being. These myths provided ancient peoples with a foundation for their future and a reason for their laws and traditions. They also helped unify the members of the community.

Today, myths are still used to unify a people and to promote national identity. National myths are stories that promote national values and perspectives. They can include ancient myths, such as stories of the Greek gods of Mount Olympus, and ancient religious texts, such as the Hindu epic poem Ramayana. They can also include versions of historical events and personalities.

13. How can individuals promote a national identity?

musicians, painter, story tellers

Derived from Margaret Hoogeveen 2008. Understanding Nationalism. McGraw-Hill Ryerson Publishing. macgrawhill.ca