Future Issues
The world has experienced very recent economic battles and booms. Oil continues to tear politically unstable nations apart and the countries that depend upon this resource. Underdeveloped nations become lost in poverty, hunger, and disease as the economy brings wealth to a few. People all around the globe are deprived of just wages, working hours, and basic rights as sweat shops still very much exist as a part of global economy. The discrepancy amongst rich and poor in even the most seemingly fit nations tear at the very foundation of the economy as unemployment is an issue. The economy is ever changing. Nations experience severe deficits, turmoil, and struggle only to be followed by periods of growth, development, and rebuilding of foundations.
These patterns are destined to continue so long as certain issues about globalisation remain undecided. Foremost is how the practice should be regulated in order to be both fair and economically conscious. Reviewing the recent past, the changing job market under free trade agreements throughout the world has opened doors for some and closed doors for others. Particularly in nations where there is a high average per capita income, jobs are being lost to other areas that can offer equivalent labour at a lesser cost. Unemployment rates in nations losing jobs are reaching multiyear highs because of this practice and while some remark that the realised outcome nationwide will be prosperous, many have doubts.
Nonetheless, nations do have an understood responsibility toward one another which, while represented in such ways as free trade agreements, is still far from maximum development. In order for this latter stage to occur, nations must be willing to extend themselves generously to those in need. The efforts put forth need not aid directly in helping a nation's economy; however, they should respond to the basic human needs of the people within each society. For instance, diseases spread almost uncontrolled in areas where there is insufficient medical coverage and while grants from international groups have mitigated the overall severity, the problems still persist. Globalisation implies complete global cooperation, a difficult concept in many cases given that the status quo of economic relationships worldwide and the basis for life itself is found in competition.
Thus countries must find common grounds between one another and on a more local realm, governments and corporations must learn to do the same. Yet this latter necessity raises key questions about the kind of involvement that should occur between public and private sector. These two groups are occasionally the antitheses of one another, each striving to ensure the best for their respective constituents. While there have been dialogues between the two in the past, there will inevitably be argument about how to integrate government in the decisions making process for large organisations without causing one group to incidentally devour the other. There must be better understanding for international intentions and countries must be encouraged appropriately to aid in the execution thereof.
However, all these issues remain undetermined, unconcluded, and altogether lacking of necessary action. But as the globe still "experiments" with the meaning of truly global economy, this impedance is only to be expected. The issues of the present must be addressed --- and will inevitably be addressed --- for as globalisation becomes ever-present in our society, nations shall rise and fall as the world's economy continues to evolve.