Wednesday, March 23, 2011

Blog prompt 24th march:Why should we care about events happening in Other parts of the world?

I tend to pay attention to events in other parts of the world. I always pay attention to events in other parts of the world as these events might affect our country'e economy.For example, if the wall street crashes in the USA, Singapore's economy will definitely become weaker within the next few months as many companies in Singapore are linked to companies in the USA. Hence, by tuning in to the news and paying attention to events in other parts of the world, i can make preparations to prepare myself for a possible weakening of the economy in Singapore and start saving money so that i have enough to use in case my parents are retrenched. By paying attention to events in the other parts of the world, i can also increase my knowledge of current affairs. Hence, i can thus debate about these events,such as the conflict in Egypt and Tunisia, with other people and find out their opinions of that particular events and thus find out from them how these events would in turn affect Singapore.

I believe that one should not just learn about and event and not care about it.Many people think that events that happen in faraway countries will not affect Singapore and that life in Singapore would still go on as per normal even though there is turmoil and conflict in other countries. It is important to care about the events that happen in other countries as these events will in turn affect Singapore. Those events might affect Singapore's economy and environment. For example, the earthquake in Japan has forced many foreign investors there to leave japan in fear of radiation from the nuclear plants. Without these foreign investors, Japan's economy will weaken as they will not be able to export and import as many goods as usual. Hence, less production in Japan would also result in less goods and daily necessities being exported to Singapore. This will in turn cause the price of food and daily necessities to rise in Singapore, making life harder for the lower income families. More Singaporean companies that were based in the affected cities in japan will also suffer losses. These losses would in turn affect Singapore's economy.Hence, it is important to care about events that happen in faraway countries.

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