Dynamic of Global Apparel Complex

Dynamic of Global Apparel Complex

            For an event to have any impact on the global economy, it has to be able to significantly affect the exchange of goods and services on an international scale. The dismantling of the Berlin wall on 11/9/1989 and the terrorist attack on the world trade center on September 11^th, 2001 are two such events. The events of 11/9 positively impacted the global economy whereas the events of 9/11 negatively impacted the global economy. This paper provides a discussion on how the feelings of memories and dreams and hopes and fears when related to the events of 11/9 and 9/11 impacted the world economy.

 Memories and Dreams

 The dismantling of the Berlin Wall in 11/9 symbolized the opening up of the entire East Germany to the world. This event was very significant because with it came a lot of dreams that could be realized. Trade between East Germany and the rest of the world could be increased dramatically as the exchange of skills and goods between East Germany, and the rest of the world was made easier through this event.

 The collapse of the Iron Curtain made it possible for people living on the two sides of the curtain to interact freely and this lead to new dreams which served to increase the productivity of Germany and enhance world trade. Unlike dreams which spur growth and development, memories especially negative memories tend to inhibit growth and development. Memories keep people focused on past events and stop them from focusing on the future. After the 9/11 event, the U.S government took stringent measures of regulating business in the country and got engaged in two wars.

 Because the U.S is the world’s largest economy, their engagement in two wars and the stringent business measures that they implemented negatively impacted the world’s economy. Memories of this event have forced other governments around the world to implement stringent business and travel regulations in order to prevent such an event from happening in their country. This has negatively impacted trade between countries and in turn the global economy.

Hopes and Fears

 Dismantling the Berlin wall on 11/9 provided the residents of Germany and the whole world with the hope that these events will open up the markets to new possibilities. This increased the number of individuals and countries who were engaged in trade thus leading to growth in the global market. The hope also spurred people to be more creative leading to the development of new technologies that lead to market growth.

 The fear caused by the events of 9/11, on the other hand, forced most countries to impose stringent migration and international money transfer policies. This is because most countries that were Allies with the U.S feared that they too would be victims of a terror attack. The actions that resulted from their fear served to reduce the quantity of trade between countries thus negatively impacting the world’s economy.

 Conclusion

Hopes, therefore, can be described as a person's desires to achieve a certain objective. On the other hand, fear is the factor that inhibits the individual from achieving his/her set objective. Fear serves to restrict a person’s imagination hence limiting his ability to dream and come up with new concepts. Hope provides an individual with the self-assurance that achieving a particular goal is plausible and thus serves to spur him/her towards the goal. The difference between memories and dreams can be loosely described as the difference between what has been achieved and what is yet to be achieved. Institutions that have more dreams than they do memories are more likely to be successful because they focus on future achievements and not past accomplishment.  Therefore based on the information provided, hopes and dreams help to strengthen the world's economy. Fear and memories on the other hand, limit productivity thus negatively impacting the economy.