.Tuesday, November 14, 2006 ' 10:25 PM Y
Today was a good day to b out at the beach. Enjoying the light sea breeze, great sunshine, applying some suntan lotion to my Sigh-its-ugly body. I NEED TO SUNTAN!! Ok. that is the ideal situation that i hoped to be in but sadly i am on my way to the library.... Even if i aint, i would most probably be working my A** out in the office.
I am quite thankful for this module that im taking on Globalization and how it affects International Business. It has made me take notice of what is going around the world. Like the recent HOT issue in United States, the Democrats has taken control over the House of Representatives and The Senate. This was a huge loss to the Republicans. You may think y am I discussing this. Have you thought of how this issue is affecting us in Asia? US bilateral ties with Asia, which has been ongoing under the Bush administration, are affected. For example, Democrat Senator Charles Schumer of New York and Republican Lindsey Graham has recommended a Bill that imposes a 27.5% import tariffs. However, this Schumer-Graham Bill has been on hold during the Republican-led Congress. Now that the Republicans have taken over the Congress, it is easier to impose this Bill and two dozen over Bills on imports.
I thought to myself, this is on a Global View, but how does it affect me. Now that the talks on a Free Trade between America and Malaysia is on hold, this means that I still need to apply for a VISA if i want to visit the US. LOL.... but that does not stop me from going there in yr 2007! The only thing that is hindering me apart from having a hard time saving up for it, is getting leave for the trip. Should I go alone? Mayb I would end up backpacking there, but of cuz mommie would definitely not agree to letting me go alone... oh well.. lets see how
Actually, events that are going around the world has both direct and indirect impacts on all our lives. How we choose to keep up with what is going on is solely up to us. For me, after keeping up with the recent happenings around the world, I realised how vulnerable one can be in this world right now. The biggest thing to happen is the China-ASEAN Free Trade Area which is ongoing at the moment. They are targeting to meet WTO's deadline to form this FTA by 2010. Once again, you would think how is this going to affect us again in Singapore? Singapore among all the nations is the most industrialized nation. In the short run, Singapore is going to be the biggest loser as it open up its doors to Free Trade in the China-ASEAN agreement. People in Singapore may face a high chance of losing their jobs or even keeping their jobs when this happens. (LOOK OUT IN YEAR 2008). Thus it is really crucial for us to constantly upgrade ourselves in order to keep up with this trend that would make us vulnerable. It is a Dog-Eat-Dog world, we have to keep ourselves afloat in this big ocean. Most importantly, never give up!
