I would like to work in future
For the purpose of this assignment, I have selected the articles based on my interest in the industries that I would like to work in future. Articles selected were also based on my previous working experience in an audit firm and me as an entrepreneur. Therefore, most articles chosen ranges from the managerial and leadership perspectives.
Vandenberg, P. 2003, ‘Globalization and Its Discontents’, ASEAN Economic Bulletin, [Online]. vol. 20, no. 2, pp.93-95, Available from: Proquest / ABI/Inform [18 September 2003] ‘The author expresses his opinion in reviewing Joseph Stiglitz’s book entitled “Globalisation and its discontents”, which was actually criticising the roles of the IMF. Due to his numerous experience as an academician, a respected economist and had worked with World Bank for several years, Stiglitz analysis emphasised that many of the IMF policies do not support the economic development, are often destructive and not serving their actual purposes.
Although Stiglitz was criticised because of his lack of knowledge in the real world policy-making, he showed a great determination in criticising not only to the economic policy but also to the secretive nature of their decision-making and the lack of meaningful debate with World Bank officials, country economists and the public. Stiglitz’s book has given us as an outsider the opportunity to visibly articulate that much of what has been said in the past about the IMF is in fact true.
On the other hand, the article could be more useful if it would more precise in suggesting the weaknesses of the IMF as well as suggesting ways for the IMF to clear its name and start to reconsider in its main roles in the globalised economy. ‘ Schneider, G. E. 2003, ‘Globalisation and the Poorest of the Poor: Global Integration and the Development Process in Sub-Saharan Africa’, Journal of Economic Issues, [Online]. vol. 37, no. 2, p. 389, Available from: EBSCOhost / Business Source Elite [20 September 2003]
‘At the beginning of his research, the author explains the history of African countries towards globalisation. It is believed that African countries were hit by the ‘globalisation economy system’ as early as the 16th century by means of slavery endeavoured by the Dutch East Indies Company and other European mercantilist. His studies indicate that Africa proclaimed its development in 3 stages; during the colonial era, during 1960-1975 and post 1975 with each brought little changes to the African countries in embracing globalisation.
But the most significant acceptance towards global integration was during the era of structural adjustment programs (SAPs) in the 1980s and 1990s when the IMF and World Bank had given their consent to lower trade barriers and exchange rates, and financial liberalisation. However, little is known that greater openness does not mean an increase in the actual realisation of global integration and diversification.
Only four countries from the African continent, namely Ghana, Mauritius, Mozambique and Uganda perceived the sustained economic growth after moving to greater openness. Some other African countries still live in such poverty due to lack of institutions and networks capable of getting there. Perhaps, it could be more helpful if more research is done to unite the African countries to have greater flows of foreign investment and greater exports of African-made goods. ‘