Pro And Negative Effects Of Globalization

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Globalization is the process regarding an increasing interaction of people, states, or countries through the growth of the international flow of money, ideas, and culture. It can also be tied to business ventures where businesses or other organizations develop international influence or start operating on an international scale. The idea of globalization has become very controversial in the United States labor market. There are many pros and cons on how it affects the labor markets. Along with the labor market controversy people also debate over whether globalization is a threat or opportunity to the United States economy. Although Globalization has brought a significantly positive impact on most countries in terms of economy, culture, and…show more content…
The voyages led to development of agriculture beginning globalization by converting the vast majority of the world's population into a settled lifestyle. However, globalization failed to accelerate due to lack of long distance interaction and technology. The contemporary aspect of globalization began to take off in the middle of the 19th century as capital and labor mobility increased coupled with the decreased costs of transportation. This ultimately led to a “smaller world”. Due to the increasing long distance interaction and technology, globalization has began to progress, but not without some uncertainty. Ever since the 1980’s the world economy has rapidly increased it’s connection and integration. As the transportation costs decrease, and the diffusion of Information and Communication Technologies have implied a fast downgrading of distance, gross trade, capital flows and technology transfers have significantly increased. The United States in particular is one of the most globalized countries in the world, which leads to many pros and…show more content…
From globalization it has opened up more markets, which helps American companies sell their products worldwide. If markets around the world did not exist the U.S. would not be able to have the interaction with other countries in order to gain product but also sell theirs as well. Not only have markets around the world opened up but there has been a rise of multinational corporations which has helped increase their influence on the world. Having the corporations worldwide aids the American corporations in selling their products outside of the country and keeps the United States “on top” or near the top economically. Globalization is most importantly the increase of interactions between different people, states, and countries. Therefore, it has greatly increased the real-time communication abilities between different international organizations and countries. Because of this it has allowed for a greater emphasis on international cooperation. With nations cooperating it leads to many different groups of people to start in the pursuit to accomplish one common interest or goal. The ability for countries to cooperate could lead to new jobs, workplaces, culture, more money and ideas. Lastly, another pro for globalization is it allows for cheaper products for Americans to purchase and lower prices. This is due to the cheaper labor that makes the product. Cheaper prices
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