IMF not fair

I feel that the International Monetary fund is not a fair organization. The IMF is a world money lender that lends countries money as short term loans for restructuring their economies. However, I feel that the IMF is doing more harm than good. This is because unlike the UN, the IMF is based on a point system, where the more the money a particular country puts into the bank, the more the money it can withdraw. Although this sounds financially good, it means that many of the poorer countries like African countries that need the money for their development cannot receive it because the governments are too poor to invest money in the bank. I feel that the IMF should be run like the UN where each country gets to vote on financial decision. Things are changing now as China, India, Russia and Brazil are developing very quickly, there share of the monetary system will increase, and thus they like the developed countries will be able to make important financial decision.

I feel that it is interesting to see how culture, values and practices spread from one part of the globe to another. In sociology we were studying how culture and values spread from the more developed countries top the less developed countries. This took place especially during colonization
when many of the curently independent countries have adopted education system and sometimes styles of dressing like the European. However, today, this is beginning to revers. The culture is spreading from less developed countries to western countries. An example of this is Chinese and Asian food that many of us eat regularily. Dressing fashion especially in Europe are coming from South Asia. I think that in the future, we will be a more interconnected world, and as time goes by, we will live parts of lifestyle from different parts of the world.

World Is Flat

I read Thomas Friedman's World is flat, and I though that was a very interesting book. It talks about how technology has enabled places around the world to be connected together. Information can travel from one part of the world to another in a split second. It discusses how due to the technology and the flow of information, many American companies are starting back offices, and even research and development centers in countries like India, China and Mexico. The book explains how Americans must be well educated in order to compete with developing countries like Mexico, China and India. I personally felt the book was interesting and recommend it.

Spread of Chinese culture

I feel that food is a good example of globalization is the spread of food. I feel that the spread of Chinese food around the world is a good example of globalization. Chinese food has become very popular around the world including in different parts of South and West Asia. However, this food is different in different countries. For example, the Chinese food in the United States is more sweet- orange chicken and Sweet and sour chicken. On the other hand, Chinese food in South Asia has many local spices to many it more flavourful and spicy. As people have accepted Chinese food, this Chinese culture has changed as it has crossed boundaries. I think it is very interesting how Chinese food has adapted to different tastes in different countries.