Today was a slow day here in Dublin, but the lecturers were nice and meaningful. In the morning, Mr. Derek Reilly from J.C.I., introduced us to J.C.I. itself and talked about leadership development.
The important point I took away from Mr. Reilly’s discussion was that J.C.I. is a sandbox environment, and there is room to fail and learn from your mistakes. In the real world, there is less room for failure; college grades are critical and failure while on the job could cost you your salary or your job entirely.
We also worked on our essays today in class and considered the Irish business perspective for tackling different problems for our product, StageShare.
Today’s blog response is focused on globalization and how it is positively and negatively affecting society. Globalization is spreading quickly because of the benefits it offers to everyone in the world. Companies and countries are learning to cooperate. Countries have access to more goods at little cost. For example, the United States, a service based country, actively trades with South American countries and China for industrial products. Labor is cheaper, and companies are able to cooperate across borders to make deals to give each country goods and services that they didn’t have before. Overall, more goods and services are exchanged, and the world becomes “smaller,” because products are easily accessible no matter what country you live in.
However, globalization has also hurt different countries. Because borders have been removed, companies have left their hometown to find cheaper property and labor costs. As a result, industrial services move out of more developed nations, causing mass job loss for blue collar workers. Employment is focused more on the white-collared industry. In the United States, the transition to globalization dramatically reduced our industrial output; just look at what Pittsburgh used to be, a vibrant steel town supplying almost all the steel in the world. Workers are displaced and thus a disparity forms between the jobs offered and the education the workers have obtained. In industrial economies, students and families emigrate to find white-collared jobs and leave their home. While we gain from the diversity we are creating, countries also become hyper-focused in a sense, and can be taken advantage of by developed nations.
Ireland is in a tricky position, as it was a small developing nation before the Celtic Tiger, but suddenly skipped over industrialization and moved straight into the service based economy. At the Docklands, there is no industry, but large multi-national companies (Google, Facebook, Microsoft, Airbnb, Intel) have gigantic campuses that house their European Headquarters. As a result of globalization, Ireland has become a hub of tech and tourism, and the Irish government has created a society that has allowed a global industry to flourish. Ireland has encouraged the re-education of their employees and has convinced companies to establish their HQ in Dublin because of its corporate tax rate and because it is the last English speaking country in the European Union. Globalization has helped Ireland for the better but has forced culture and industry to decline. Old Ireland, with its local vibrance, has lost some of its character, but the Irish people still embody the sentiment and culture.