Competitiveness Globalization Is an Extremely Essay

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Third, massive investments should be made in research and development of alternative sources of renewable energy. 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.

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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 is based on oil exports (Royal Embassy of Saudi Arabia)). 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them that they would not be financially disadvantaged as they would be offered subsidies that help them replace the outdated technologies.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......

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