As the rapid growth rate of economic environment in current world market, economic globalization is affecting emerging countries economic development by increasing oversea business activities such as FDI, export-import, also the culture communication between different countries are interacting and influencing each other during diplomatic business activities. The globalization also simulates innovation and creativity in the emerging countries; it encourages the spirits of entrepreneurship and drives the emergence of innovative business models. China as one of the fastest growing countries in efficiency-driven economy system, where economic growths are based upon manufacturing in domestic markets, outsourcing, and exporting products to foreign
Over the last three decades, China has experienced extraordinary economic growth and development and has been successfully integrated into the global economy. Now ranking as the second largest economy in the world, China’s success has been greatly attributed to the gradual shift towards market systems. Though the overall economic system of China has been significantly revolutionized, the political regime has remained inherently authoritarian and the government essentially monitors the capitalistic practices that occur in many sectors within the country. Nevertheless, this powerful augmentation of the Chinese economic system and the fervent expansion of China’s role in the global economy and political stage has presented the United States with various challenges and risks that could potentially threaten the economic and political powers the United States retains on a global scale.
The factors are environmentally, economically, politically, and socially. Economically China has greatly benefited from globalization economically. This visible through it’s GDP growth.
Out of all the problems leading up to this future overpopulation has got to be the top culprit. Overpopulation for humans causes a chain reaction. Having to many people leads to a larger need for many things including resources, space, and jobs. Even though we see a good depiction of the future with the movie soylent green we also have a modern day example, China. China has the highest population in the world, encompassing 1.2 billion or twenty one percent of the world's population.
Consumerism began as a purposeful way of producing more and more stuff for America’s biggest businessmen. This concept alongside strategic promotion proved successful in changing American culture from working to live to living to work. Which has caused corporate greed, monopolies, irreversible global warming, family dynamic disruptions and even more issues. It may not appear to be going anywhere, but starvation will make the decision for the world, if no one finds a better way to serve a growing population. (80)
However, even though there are indeed some disadvantages, the benefits of immigration to the economy are more than enough to make up for the costs. Immigrants benefit the economy of the country they’re immigrating to in terms of increasing the gross domestic product, tax revenues, and contribution to innovation. Immigrants are affecting the economic growth in the United States of America. Immigrants come from many different places and as it causes cultural diversity,
The rich may choose to spend,give away, invest or save their money. Basically, the rich contributes the larger portion of resources to investment activities and technological improvements which lead to economic growth(Andriuskevicius, Ciegis&Dilius, 2017). The high-income households use their accumulate savings to actively take part in investment activities such as investment in capital stock and private equity. These investment activities increase the business growth and thus require more labor input and effort to produce higher gross domestic product (GDP). Indirectly, the rich also provides additional job opportunities for the middle and low-income households.
For instance, you can see McDonald’s store in almost every countries. In general, globalization has benefited both developing and developed nations, and became one of the most important factors that affect a country’s
We support the statement ‘Monopolies have led to the success of many economies in the world, and therefore, they should be maintained by government if they want their economies to continue enjoying economic growth and prosperity’. This is because monopolies are large in size, they benefit from economies of scale and are able to generate a huge amount of profit- larger than other market structures. With this money, they can invest in research & development, improving their existing products and creating new ones. Moreover, monopolies have a great impact on a country’s economy. Two very large monopolies that positively impacted the United States economy is Standard oil and Steel Company.
The third system is by changing sales costs. Immigration expands the international conveyance of data, which might transform the cost of conducting business abroad for U.S. companies alongside with the cost to foreign companies of performing business in the United States. It is worth mentioning that a theoretical pattern that integrates each of these systems into a worldwide common symmetry setting was outlined (Hanson
While we talk about globalization, most of us would think of it as the process by which companies move their business beyond domestic and expand to other markets around the globe. It is supposed to increase the interconnection, to boost international economy, and to benefit all countries involved in the trade. However, the dark side of globalization is that it destroyed the life of people who lived in developing countries, particularly female workers. The effects are demonstrated in the film “Maquilapolis” and Lopez’s article. Since companies only take profit as their first concern, I believe female workers in developing countries were suffering mentally and physically from the negative effects of globalization because their problem was ignored