Globalization

             Globalization: An Improvement or a Threat?
             Globalization is a phenomenon in which corporate expansion around the world and economic growth comes together. This seems like a good thing. Globalization can be viewed as an improvement for society for many reasons driven by free-market capitalism. This super powered phenomenon can also be seen as a threat because it is an ideology or concept that is trying to advance the corporate agenda; in retrospect globalization is the contemporary form of capitalism. If globalization were to benefit or be advantageous to all people then it would be a great thing. It just needs to be geared in the right direction and there is no proof that it will or how long it will take.
             This international system stands for more than just a phenomenon that took over after the cold-war system. This system has its own rules and characteristics although it followed a rather old pattern. Globalization integrates free-markets and technology to such a level that it enables people to reach around the world faster and cheaper than ever. By spreading free-market capitalism around the world, which is the base of globalization, "the market forces rule and the more you open your economy to free trade and competition, the more efficient and flourishing your economy will be"(Friedman 1). This theory is interesting but there is no concrete evidence that makes this claim true, even if it were to be true how long would it take for the economy to actually change.
             By increasing trade in the world some say there will be more jobs and higher wages. This also sounds great but how valid is this statement? Myth has it that, "jobs in the export sector pay more than jobs on average. Hence, expanding exports should be a centerpiece of US policy"(Anderson 1). Globalization has definitely increased the diversity of goods available to consumers. Globalization is great for consumers it allows us to purchase products im...

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Globalization. (1969, December 31). In MegaEssays.com. Retrieved 14:48, November 25, 2024, from https://www.megaessays.com/viewpaper/79162.html