-^-for posterity-^-

.i teach a business class in the foreign language center. the students are all members of the government in one way or another. some of them work for the people's committee and others work in state run enterprises. we've been talking about globalization and all the characters involved.

i asked them to form groups and decide how globalization would affect this country over the next few years. here were their answers.

economically:

positives:

-enliven the economy
-benefit the poor by providing cheap goods and services
-increase investment
-more loans available
-more jobs
-gdp increase
-more new technology

negatives:

-erode resources
-local enterprises will suffer from foreign competition
-more homogeneous
-division between the rich and poor will grow

culturally:

positives:

-learn about new cultures
-more opportunity to study
-media development
-educational development

negatives:

-it will take away from this culture
-bad fashion
-youth will be worse off
-this tradition will be invaded by other inferior traditions

politically:

positives:

-international cooperation
-avoid economic wars

negatives:

-change many laws especially laws relating to foreign currency exchange
-ideological shift