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Monday, December 3, 2012

Introduction to IBUS551

Good Evening everybody,


It is a pleasure for me to be in the course of Global Economic Environments, a course that I believe should be introduced in high schools, seeing that the topics that it covers (e.g., globalization) are part of our daily lives.
I'd like to share with you some information about my background. I'm Moroccan, and I come from a socio-communist family. I decided to share this information for two reasons.
First, I wanted you to know that I'm Moroccan because Morocco is a totally different country from the US—the country where I live and study now—and from which most of my classmates are. Unlike the US that is a very powerful economy, Morocco is simply a developing African-Arabic country that has a fragile economy.
Secondly, I wanted you to know that I'm coming from a socio-communist family because this course not only represents subjects that are related to Capitalism, but it also supports this political-economic system. So, I let you imagine how difficult it is for me to absorb the information represented, especially the one that contradicts my personal beliefs. However, such information makes me think about my beliefs and what I took as an “Absolute Truth.”

In our first class, we've had an introduction of the topic of Globalization: the phenomenon that represents capitalism on a global, rather than a national, scale. According to what I understood, the advantages and disadvantages that Globalization represents are the core subject of debates between not only economists, but also politicians and other people like you and I. So, I chose to post an article about how the openness of Morocco stimulated its economic activity.
 The title of the article is “Morocco's openness stimulated economic activity, stepped up structural reforms.” The writer is the Moroccan minister of Economy.

I'd like to have your feedback, and know what the case is in your country. Enjoy the reading.

H. AKACHKACH