Anyone who doubts that global financial markets control national economies need only look at the crisis facing the "tigers" of the Far East. Last year, the value of their currencies dropped rapidly, after investors decided that their economic policies were not strong enough; now the region is suffering slower growth, lower living standards and rising unemployment.
The situation in Asia shows how power has shifted from individual governments to the markets. In theory, governments are free to set their own economic policies; in practice, they must conform to a global economic model or risk being penalized by the markets.
Adjusting to this new "economic order" is proving difficult. In the developed world, and in particular the European Union, globalization is facing widespread public resistance. Critics complain that, without the protection of trade barriers, jobs are being lost to
A. doubt that global financial markets will control national economies
B. fail to follow a global economic model adequately
C. have set their own free economic policies
D. have their power interfere with the markets
Most students arrive at college using" discrete, concrete and absolute categories to understand people, knowledge, and values. " These students live with a dualistic view, seeing "the world in polar terms of we-right-good vs. other-wrong-bad. " These students cannot acknowledge the existence of more than one point of view toward any issue. There is one "right" way. And because these absolutes are assumed by or imposed on the individual from external authority, they cannot be personally substantiated or authenticated by experience. These students are slaves to the generalizations of their authorities. An eye for an eye! Capital punishment is apt justice for murder. The Bible says so.
Most students break through the dualistic stage to another equally frustrating stage—multiplicity. Within this stage, students see a variety of ways to deal with any given topic or problem. H
A. People who assume that there is no right or wrong in any issue
B. People who make unreasoned commitments and stick by them
C. People who believe that right or wrong depends on the situation
D. People who think that all behavior can be accounted for by cause and effect relationships
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