The global economy

When we think about the global economy, we can distinguish between three views: global, local and personal.

Global view

We live in a global world and our physical location gradually becomes secondary. No matter where a business is now, it can relate with clients from everywhere. There are cultural differences, but they are chances to find commonalities and understand our thinking and behavior. There is still a division between developed and developing countries, between rich and poor people. Every time one gets richer, there is another one that gets poorer. But the attempt to isolate these two categories of people led to the worldwide lack of trust we've seen today. Rich corporations treated poor customers bad, forgetting who enabled them. As a result they are now reorganized or disappear.

Large differences in the standards of living created demographic problems as people emigrated. This led to a very dangerous resource centralization and high inequality as countries couldn't develop themselves in a more balanced way to achieve better economic results. So they felt the need to introduce special regulations to protect their borders. Their debt grew disproportionately to their income, which created imbalances. Even financial injections can't compensate for them, because more countries start to demand such grants.

Local view

We live in countries, which have different advantages and disadvantages. Not all are equally competitive or equally good for living. It's an illusion to think that people will voluntarily go back to their birthplaces during the recession, when they have invested so much time and resources abroad and have lost contact with their own countries' culture and people.

Cooperation between countries could still improve. The European Union is an attempt to go in that direction, but it unites too many participants with opposing interests. Their is no surprise then that solutions to problems take a long time until implemented. The fiscally strongest countries often introduce rules that support their own growth at the expense of smaller countries. That's why the euro is the only thing in the European Union that functions without any troubles so far.

Countries often don't know what their national priorities are. Going in the wrong direction has direct consequences for their competitiveness on the markets. Because of the high fragmentation, people are less mobile and couldn't relocate easily to where suitable opportunities are. Countries are also dependent on each other for the goods and services they can't themselves produce. An economy, heavily based on imports is highly dependent and less flexible.

A German politician once said: "The political effectiveness of a government is measured by how it treats its most heavily affected people". A country without people is no country—it's a shadow. And yet, too many countries banish their people through their politics.

Personal view

We are humans before anything else, no matter what profession, education level, religion, race, sex, martial status, income, etc. we have. We can't close our eyes for the problems around us—we should tackle them. We can support other people in a way that brings positive, sustained results. The change starts with us, when we aren't waiting for it to come and we aren't active only on Christmas and New Year.

In the midst of global change, more and more people feel left behind and unable to deploy their full potential. When the last person starts to feel helpless, the world has officially come to an end. It's our duty to prevent this.

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