Global Political Economy Essay

Sustainable go badment is defined as development that allows us to meet our current needs without destroying the means of livelihood of future generations. thither are three basic elements of sustainable development (1) economic branch (2) social development and (3) environmental protection. Undoubtedly, all of these elements concern our world as a whole. Thus, it is essential to acknowledge that the health of the planet is synonymous with the health of the living beings that occupy it. Protecting the health of the planet is the mutual certificate of indebtedness of all citizens of the world.Since the planet is limited with respect to its size and resources, it is a true responsibility of all governments of the world to collectively ensure that all citizens of the ball have somewhat equal if non absolutely equal main course to its resources. There are countless ways to distribute essential resources relatively equally. What is required apparently is more practice than preachi ng that is, governments must be diligently finding ways to overcome global economic and environmental problems, and acting on proposed solutions.There are plenty of global issues requiring spry outcomes and solutions. It would be wise to answer their call with immediate action. The Wal-Mart Effect How Wal-Mart Affects the providence Wal-Mart Stores Inc. is the worlds largest retailer, able to force its small competitors to shut bring business as well as drive down wages. On a positive note, the retailer helps to keep down prices or inflation, and productiveness at a high level. Wal-Mart sells goods at unbeatable prices. It thus strikes fear into the establishment of every new industry it considers stick ining (Shaw et al.). Presently, Wal-Mart is expressing its desire to enter the banking industry in the United States. However, the banking industry is thoroughly intimidated by the kind of competition it would have to deal with. Wal-Mart is certain to be of fiscal service to the low-income consumer if it does enter the banking industry in the United States, full-fledged. At to the lowest degree one-fifth of Wal-Mart consumers are low-income families that cannot afford to pay the high prices charged by most consumer banks and financial organizations in the United States (Weston).Hence, many low-income families do not have bank accounts in the country. Wal-Mart would like to change that, by go unbeatable prices in the banking sector as well (Zellner). Whether the retailer has a greater positive or negative impact on the scrimping is, therefore, debatable. Is Capitalism Good for the Poor? A large number of community around the world are of the opinion that capitalists make profits at the expense of the poor. Others believe that capitalists provide jobs to the poor, thereby raising their standards of living.In first September, 2006, a toxic waste dumping scandal of truly globalized proportions came to agility in the Ivory chute. The Probo-Koala, a tank er chartered by the London-based conveyance company, Tranfigura, set off from capital of The Netherlands carrying four hundred metric loads of petrochemical waste to dump in Abidjan, the port city of the Ivory Coast (Vidal Ivory Coast Toxic tank ship Impounded by Estonia). Tranfigura informed the Amsterdam Port Services that the waste was absolutely conventional (Vidal). However, it was later discovered that the waste contained hydrogen sulfide, which happens to be a poisonous gas, smelling as rotten eggs (Ivory Coast Toxic Tanker). At least ten people lost their lives in the weeks immediately avocation the incident in the Ivory Coast (Vidal). Moreover, seventy five yard people are known to have sought medical give-and-take with complaints of nausea, nose bleeds, breathlessness, vomiting, diarrhea, skin damage, headaches, and swollen stomachs (Vidal Ivory Coast Toxic Tanker).This incident was recognized as an illustration of the growth of capitalism at the expense of the Thir d World, regardless of the fact that capitalists provide jobs to the poor and develop their economies in the process.Works Cited Ivory Coast Toxic Tanker Impounded by Estonia. Environmental peeleds Service. 28 Sep 2006. 13 Nov 2007. . Shaw, Hollie, and Carrie Tait. Wal-Mart eyes banking financial services in Canada Its a way to strengthen ties with its customers analyst. CanWest Interactive. 31 October 2006.13 Nov 2007. . Vidal, J. UK Class Action Starts Over Toxic Waste Dumped in Africa. Guardian Unlimited. 8 Jan 2007. 13 Nov 2007. . Weston, Liz Pulliam. National Bank of Wal-Mart? MSN Money. 2007. 13 Nov 2007. . Zellner, Wendy. Wal-Mart Your New Banker? Wal-Mart Cant Be Or Own A fledged Bank Yet But Its Partnerships And In-Store Financial Services Are heavy(p) The Industry Jitters. Business Week. 7 February 2005.