Three Examples of Globalization in Uganda:
1) The UK and Uganda trade with each other. The United Kingdom, according to Uganda High Commission London, is in the top ten of Uganda imports, providing Uganda with cars, medicine, and more. In addition, it seems that many in the UK have invested in Uganda-then, Uganda gets the capital it needs and the UK receives the benefits of any of the economy that is successful. Uganda also exports goods to the UK; however, when compared with the value of goods being imported, it is only about a third of the imports (UK to Uganda). Obvious benefits to this trade partnership is the exchange of goods-each country gets what they need (products or money). However, one site shows what they call as "trade imbalance" (Uganda High Commission London). This isn't good for the Ugandan economy. Even so, the site also notes that technology-related imports are better for their economy and many of the imports that are coming into Uganda are along those lines. So, both countries get what they seek and it seems that the benefits are high and the drawbacks, minimal.
Uganda High Commission London. (n.d.). Trade and investment in uganda. Retrieved from http://www.ugandahighcommission.co.uk/MenuSections/TradeAndInvestment3.aspx.
Uganda High Commission London. (n.d.). Trade and investment in uganda. Retrieved from http://www.ugandahighcommission.co.uk/MenuSections/TradeAndInvestment2.aspx
2) The interdependence with Sudan-Uganda and Sudan have had a successful interdependent, economic relationship according to David Muwanga of the East African Business Week (2012). Uganda has recently exported $328 million worth of goods in a year. Although the scale that Sudan exports goods to Uganda is not nearly as large, they export large amounts of wood (Muwanga). Even though Uganda exports more, both countries benefit as South Sudan receives goods to a market (though small) while Uganda has a large market for its goods in Sudan. Muwanga highlights one major benefit and drawback for Uganda’s interdependent economic relationship with Sudan. The most recent benefit that he explains is that the relationship with Sudan helped (in a way) to shield Uganda from the effects of the “global financial crisis" (Muwanga, 2012). On the other hand, however, the relationship has also had a large, negative influence on Uganda’s local economy. Because they are exporting so much to Sudan, Uganda’s goods at home tend to have higher prices and sometimes their aren’t enough goods available (Muwanga, 2012). So, there are definite ups and downs in this interdependent relationship. However, the drawbacks are probably worth the benefits.
Muwanga, D. (2012, March 12). South sudan now uganda's biggest trading partner. East African Business Week, Retrieved from http://www.busiweek.com/index.php?option=com_content&view=article&id=2520:south-sudan-now-ugandas-biggest-trading-partner&catid=104:uganda&Itemid=1364
3) There appears to be an instance of economic interdependence between U.S. and Ugandan businesses through the American Chamber of Commerce and the Embassy of the U.S. in Kampala, Uganda. The Embassy of the U.S. in Uganda site seems to show that U.S. and Ugandan businesses provide mutual support in different ways. For example, U.S. businesses can put money into Uganda, Ugandan businesses can seek to do business with the U.S., and can also seek help from the U.S. in things such as loans (Embassy of the U.S. Kampala Uganda). Any of these examples can be mutually beneficial-Ugandan businesses get the money they need, or the markets they seek and the U.S. can get a return on the money they loan, etc. U.S. and Ugandan businesses working together is hopefully beneficial although there is always danger of people being taking advantage of, etc. Even so, hopefully, the partnership furthers both sides' interests.
Embassy of the United States Kampala Uganda. (n.d.). About us:business and trade. Retrieved from http://kampala.usembassy.gov/business.html
Just for clarification, I was late in posting this to my blog although I did the work on CourseAssign by the due date. Thank you. :)
1) The UK and Uganda trade with each other. The United Kingdom, according to Uganda High Commission London, is in the top ten of Uganda imports, providing Uganda with cars, medicine, and more. In addition, it seems that many in the UK have invested in Uganda-then, Uganda gets the capital it needs and the UK receives the benefits of any of the economy that is successful. Uganda also exports goods to the UK; however, when compared with the value of goods being imported, it is only about a third of the imports (UK to Uganda). Obvious benefits to this trade partnership is the exchange of goods-each country gets what they need (products or money). However, one site shows what they call as "trade imbalance" (Uganda High Commission London). This isn't good for the Ugandan economy. Even so, the site also notes that technology-related imports are better for their economy and many of the imports that are coming into Uganda are along those lines. So, both countries get what they seek and it seems that the benefits are high and the drawbacks, minimal.
Uganda High Commission London. (n.d.). Trade and investment in uganda. Retrieved from http://www.ugandahighcommission.co.uk/MenuSections/TradeAndInvestment3.aspx.
Uganda High Commission London. (n.d.). Trade and investment in uganda. Retrieved from http://www.ugandahighcommission.co.uk/MenuSections/TradeAndInvestment2.aspx
2) The interdependence with Sudan-Uganda and Sudan have had a successful interdependent, economic relationship according to David Muwanga of the East African Business Week (2012). Uganda has recently exported $328 million worth of goods in a year. Although the scale that Sudan exports goods to Uganda is not nearly as large, they export large amounts of wood (Muwanga). Even though Uganda exports more, both countries benefit as South Sudan receives goods to a market (though small) while Uganda has a large market for its goods in Sudan. Muwanga highlights one major benefit and drawback for Uganda’s interdependent economic relationship with Sudan. The most recent benefit that he explains is that the relationship with Sudan helped (in a way) to shield Uganda from the effects of the “global financial crisis" (Muwanga, 2012). On the other hand, however, the relationship has also had a large, negative influence on Uganda’s local economy. Because they are exporting so much to Sudan, Uganda’s goods at home tend to have higher prices and sometimes their aren’t enough goods available (Muwanga, 2012). So, there are definite ups and downs in this interdependent relationship. However, the drawbacks are probably worth the benefits.
Muwanga, D. (2012, March 12). South sudan now uganda's biggest trading partner. East African Business Week, Retrieved from http://www.busiweek.com/index.php?option=com_content&view=article&id=2520:south-sudan-now-ugandas-biggest-trading-partner&catid=104:uganda&Itemid=1364
3) There appears to be an instance of economic interdependence between U.S. and Ugandan businesses through the American Chamber of Commerce and the Embassy of the U.S. in Kampala, Uganda. The Embassy of the U.S. in Uganda site seems to show that U.S. and Ugandan businesses provide mutual support in different ways. For example, U.S. businesses can put money into Uganda, Ugandan businesses can seek to do business with the U.S., and can also seek help from the U.S. in things such as loans (Embassy of the U.S. Kampala Uganda). Any of these examples can be mutually beneficial-Ugandan businesses get the money they need, or the markets they seek and the U.S. can get a return on the money they loan, etc. U.S. and Ugandan businesses working together is hopefully beneficial although there is always danger of people being taking advantage of, etc. Even so, hopefully, the partnership furthers both sides' interests.
Embassy of the United States Kampala Uganda. (n.d.). About us:business and trade. Retrieved from http://kampala.usembassy.gov/business.html
Just for clarification, I was late in posting this to my blog although I did the work on CourseAssign by the due date. Thank you. :)
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