Economic Development In Lithuania
Uploaded by spootyhead on Apr 18, 2007
Economic Development In Lithuania
Economic development is the major topic for discussions and debates in the developing as well as developed countries at the present time. All levels of society somehow make contributions to slowing or, on the contrary, encouraging and fastening the process of economic development. Beginning from the lowest working class and ending with the highest top management level class, development is affected directly or in other ways by these citizens. Apparently, the understanding of what development is and how it might be implemented differs in various levels of classes; however, the goal is the same for everyone, that is achieve social and economic stability by creating opportunities for self improvement and vocational prosperity to accelerate the pace of the development. The modern world at the present time is at a constant stage of liberalization and globalization. These are the key factors that push economy forward.
By the saying liberalization, I mean the liberal worldview that is being shaped in the modern societies. Many developed countries now profess political stream of socialism, for example Scandinavian countries, France and Spain. However, due to the global economic and social life, their worldview is very liberal. And very few countries now prosper propagating a closed system of market. Societies of the modern world become more and more involved in a global market, therefore expanding the attitude of the people about the overall economy. On the other hand, looking at the Asian Tigers example, a controversial outcome can be noticed where dictatorship is positively correlated with economic growth. For instance, China is famous for its stern policies due to liberalization of society. People are still oppressed by constant government control over their lives. However, globalization cannot be avoided at least in an extent of peoples’ social life. No matter how dictatorial governments are, they still invest huge amounts of money into education. Students’ knowledge is expanding therefore affecting their future vision of the country they live in.
Globalization has been showing its power and importance in the world economy over the last fifty years. World Trade Organization has become one of the main pushing forces in global economic environment. It unifies different countries with the goal that every country-member has, that is economic prosperity and expansion of trade.
Globalization affects a...