Event this week Assignment Example | Topics and Well Written Essays - 250 words - 2

Event this week - Assignment Example The context of the article is relevant to the past years when oil prices rose to unexpected levels, leading to low productivity and high cost of goods. This is also relevant to the dwindling Russian economy after the US influenced the price cuts to impose sanctions on the country. However, most industries are shutting down production for maintenance purposes, which reduces the oil demand across the American States. The implication for a broader international development is that the producing countries are crying foul because the reduction in prices will affect their market shares. This is because of the increasing American reserves that take advantage of the fall in prices to store additional oil. For instance, Saudi Arabia expresses fear that the reduced demand will affect future market shares and productions. The contents of the article relate to the course because it analyses the implication of reducing oil prices to economies that depend on its sales. This is evident through the effect of the prices on workers, global economies and industrial production. As a result, the concept of demand and price is clearly

Is globalization a net benefit or disadvantage to the international Essay

Is globalization a net benefit or disadvantage to the international system - Essay Example 23), which is a symbol of unifying entities using selected ideologies. However, so many debates concerning the issues of whether globalization is of any benefits to the world or if it has negative impacts on international systems. So many arguments relate structural violence to globalization. In developed countries, such a situation helps them in overcoming most economic barriers (Guehenno: pp. 28). This notion has brought â€Å"westernization† because such countries have overpowered the international markets. In this case, structural violence disrupts peace globally. In return, such violence gives birth to disparity a catalyst to major conflicts. This could be the reason as to why there is widespread social polarization in the current international system. Through globalization, there is an evidence of imbalance in power in the international systems. Such imbalances lead to suspicions among countries, which in turn increase foreign policy costs and creating new kinds of threats (Baylis, Smith S. & Owens: pp. 110). The assumptions on threats are due to the change in global security. Already, the internet, intercontinental airlines, most media houses and international companies are among the pace setters in globalization. These global landmarks have led to interdependence. For this reason, countries are less concerned with the provision of security to other countries unless where they feel threatened. Nations with a common interest seem to gang up together with the aim of maximizing on the global nature by influencing most security matters. This, according to the arguments made by the Neo-Marxists, leads to inequality. A combination of all these issues revolving around structural violence results to global instability. The status of a nation in an international system is greatly affected by globalization. Through centralization, most states are under threat of losing monopoly