Globalization: How Egypt affects the World

Globalization: How Egypt affects the World

Riyadh : Saudi Arabia | Feb 11, 2011 at 5:24 PM PST
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The President's Export Council Meeting

The globalized world always throws surprises out in the world truly show how connected the world actually has become.

One of the clearest examples of how you can see the world connected is in the stocks. The rising and falling of the stock market based on actions that happen half way around the world.

The crisis in Egypt has scared many investors in the region of the world, because out of fear industry could be halted and business stunted. The investors that have stocks in companies around the world stalled in what had been a very slow two weeks in the stock exchange.

With the resigning of President Mubarak the investors have somewhat eased back into their ways knowing that the people and the area have somewhat stabilized. What amazes me is that a crisis in Egypt can have an effect on the price of oil in the United States.

It is the dealing of the whole interconnectedness of the stock game. The investors thought that the unrest in the nation of Egypt could spread to the major oil producing country of Saudi Arabia. This would hurt and stall oil production on oil in the United States.

Thus with some sort of stability stock brokers are more at ease to invest their money.

A similar situation occurred that prior to the election of Obama the US currency was very poor in the world exchange system. However with the election results and Obama taking the presidency the dollar shot up and was worth a significant amounting more.

This was due to the optimism the world had of the new leadership in the United States. However reality set in and the dollar is once again very cheap when comparing it to the British Pound or Euro.

So the globalization of the world still has me baffled.

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