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Competitiveness Globalization Is An Extremely Essay

This will positively impact not only the environment, but also the socio-economic conditions of numerous international players. Relative to the financial crisis, this should be addressed from its roots -- the real estate and credit crisis. In this line of thoughts, the mortgages should be bought by the U.S. Government, rather that having the borrowers executed. The measure would ensure a relaxation of the credit operations, meaning that liquidities would again enter the economy to support the growth of all industries affected -- real estate primarily, furniture, electronics and so on -- all those that fell like domino pieces with the credit crunch.

The petroleum exporting countries might find it unsettling to obey to the new environmental legislation and they could even feel that their economic stability is threatened by the development of renewable energy (about 75% of Saudi Arabia's economy...

In order to get this country, as well as other states in similar situations, on board with the new agenda, the international powers should assure them that they would not be financially disadvantaged as they would be offered subsidies that help them replace the outdated technologies. Also, emphasis should be placed that new uses of their land and natural resources would be found so that the countries do not suffer.

Sources used in this document:
References:

Friedman, T., the Lexus and the Olive Tree: Understanding Globalization, Knopf Publishing Group, May 2000

Sachs, J., Common Wealth: Economics for a Crowded Planet, Penguin Group USA, March 2008

The Kingdom of Saudi Arabia -- a Welfare State, Royal Embassy of Saudi Arabia, http://www.mofa.gov.sa/Detail.asp?InSectionID=1516&InNewsItemID=1746 last accessed on April 2, 2009
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