Country Case Report: Iceland
Country Case Report:
Iceland
The era of globalization has been earmarked by the growing political, cultural, and economic climate that surrounds the global community. The landscape that makes up theses various categories can be dissolved into various sub-categories that give validity to the cumulative globalization process. While the light of globalization may be focused on industrial endowed, and labor abundant economies, Iceland has made great strides to become an active participant in the global community. Their political atmosphere and economic structure that dominates, encourages cooperation, open trade, and interdependency between the global communities.
It would not be until the occupation of Iceland by Nazi Germany, till the emergence of an independently assumed foreign administration would be present in Iceland. The bi-lateral defense agreement that emerged as a result of WWII between the United States and Iceland has been marked as the initial steps to making Iceland part of the global community. This led to Iceland becoming a founding member of NATO, and too a continued progressive role globally. The post WWII Republic of Iceland has made gradual steps to integrate into the global community economically and politically. With the adoption of a free market economy post 1951, and a representative democratic political idealism, Iceland has found goals that are aligned with western European nations as well the United States. This becomes most evident with closer examination of trading policies, in which the United States has become their most important trading partner. In 2006, the exports and import industry within Iceland; the United States accounted for 8.4% and 9.3% respectively of total exports/imports. Foreign direct investment attained from the United States has been on an upward trend post WWII due to the Marshall Aid programs and industrialization of the fishing industry. In
Iceland
The era of globalization has been earmarked by the growing political, cultural, and economic climate that surrounds the global community. The landscape that makes up theses various categories can be dissolved into various sub-categories that give validity to the cumulative globalization process. While the light of globalization may be focused on industrial endowed, and labor abundant economies, Iceland has made great strides to become an active participant in the global community. Their political atmosphere and economic structure that dominates, encourages cooperation, open trade, and interdependency between the global communities.
It would not be until the occupation of Iceland by Nazi Germany, till the emergence of an independently assumed foreign administration would be present in Iceland. The bi-lateral defense agreement that emerged as a result of WWII between the United States and Iceland has been marked as the initial steps to making Iceland part of the global community. This led to Iceland becoming a founding member of NATO, and too a continued progressive role globally. The post WWII Republic of Iceland has made gradual steps to integrate into the global community economically and politically. With the adoption of a free market economy post 1951, and a representative democratic political idealism, Iceland has found goals that are aligned with western European nations as well the United States. This becomes most evident with closer examination of trading policies, in which the United States has become their most important trading partner. In 2006, the exports and import industry within Iceland; the United States accounted for 8.4% and 9.3% respectively of total exports/imports. Foreign direct investment attained from the United States has been on an upward trend post WWII due to the Marshall Aid programs and industrialization of the fishing industry. In
Bibliography: Bergmann, Eirikur. “Don’t Isolate Iceland”. Economist. 11 November 2008 Web. Silja Bara, Omarsdottir. “Can Foreign Policy be Influenced by Feminism? The Case of Iceland”. Academia. 17 Feb. 2010 Web. Phillips, A. (1998). The Politics of Presence: The Political Representation of Gender, Ethnicity, and Race. Oxford: Oxford University Press. Loftsdóttir, Kristín. (2009a). The diversified Iceland: Identity and multicultural society in Icelandic school books. In Nordic Identities in transition (239-261). Oslo: Novus Press. Stefánsdóttir, Ágústa. 2010. “Global perspectives in Upper Seconday Schools in Iceland” UOL. May 2010 Web < http://hi.academia.edu/>