The question for today was: Why, in your opinion, should we care about what happens in places far away from where we live in general? And also, whether or not we pay attention to event which happen recently and why we do or do not and what is the importance of doing that.
Yes, I do pay attention to events in other parts of the world. This is because I think that it is good to constantly update myself on the current events in the world i order to be well-informed and also because some, if not most current events would have an effect on me and those around me. There are so many examples of events, not necessarily occurring in Singapore, but still affecting her and her citizens, which includes me and my family.
One good example would be the global economic crisis in 2009. Many countries were affected, includingj powerhouse America, in which numerous banks folded. Singapore would ultimately still be affected becuase of its reliance on other countries. And so it was. Because America was affected, the currencies of many countries like Malaysia and Indonesia fell against the American currency. Singapore was among the least affected in Southeast Asia, with the Singaporean dollar dropping only around 20%. This might seem good, but in reality it meant that the labour costs of neighbouring countries were much lower than that of Singapore and therefore making them much more attractive to investors. To solve this problem, the Singapore government and also companies in Singapore began to retrench workers. And guess what?? My father got retrenched. I, in the end, was still affected.
This is why I think that keeping up with current events, becuase the world is constantly changing and things often happen unprecedented. Therefore, the earlier we know about evemts which might affect us, the more time we have to react to them.
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