There are some pros to globalization as Mike Collins states that, "supporters of globalization argue that it has the potential to make this world a better place to live in and solve some of the deep-seated problems like unemployment and poverty." (Collins, 2015) But then continues with some points that seem more valid to me, "The general complaint about globalization is that it has made the rich richer while making the non-rich poorer"(Collins, 2015) and "Globalization is deindustrializing America as we continue to outsource both manufacturing blue collar and white collar jobs. "(Collins, 2015) Because we are in a whirlwind of globalization we loosing jobs ourselves. In the perspective of third world's countries, it is shown to give many opportunities for employment, but what large corporations won't tell you is that they are exploiting the smaller less industrialized and causing havoc and damage to them. For instance, China's pollution rate is
This let us exist in an epoch ‘when the walls started falling all around the world, and integration, and the backlash to it, went to a whole new level’ as what Friedman says in his book. In the international arena, globalization had undeniably become the soul of every state to maintain its connections to other states as evident but more than that, we can also see individuals being affected by this so called ‘world-changer’. As every individual become more curious and intelligent, they consider themselves to compete and share with others of different cultures, religions, philosophies, businesses, races, and even languages to all people around the globe. Obviously, we live in a world of competition. The indication alone covers us in accepting and going with the flow of the new
In contrast to demand-side economics, the republicans often refer to the idea of supply-side economics which was developed by the economist Arthur Laffer. Made popular during the Reagan administration, supply-side economics involve tax cuts, which in theory increases the amount businesses and people make, putting more spending money into their pockets, spurring economic growth. Both economic policies do something good for the people in the country, igniting what is known as the Two-Santa theory. While the democrats lower unemployment the republicans give the nation a tax-break. Both have downfalls though, demand-side economics involves frivolous government spending that comes from other taxpayers and does not include long term employment but rather a lot of short standing jobs.
Are Globalization and diversity antinomical? Since the beginning of globalization, wherever we travel in the world we have a great chance to find the products that we like to use or eat back home. This is surely a good way not to feel disoriented when going to visit another country but it does raise the question of the loss of cultural diversity. Due to its marketing power, American products are taking over the local tastes and the demands, pushing the establishment of a global culture reliant on technology and focused on consumerism while also creating an everyday dependency to English as international language. Therefore, the thought of globalization threatening the cultural diversity is legitimate.
In the late 1980s, globalization theory started to emerge as the new forms of capitalist hegemony appeared (Savage, Bagnall and Longhurst, 2004). Globalization is a process of encouraging closer political, economic, social interaction and break down or reducing the trade barriers between countries (Mittelman, 2000). It can be divided into two main categories: globalization of markets and globalization or production. Globalization of markets is a process of the worldwide market integration and has created a global market place (due to countries are reducing trade barriers). For example, in this 21st century, products that we consume or access are no longer from just one person, company or place but globally as the presence of the global market
Globalization is probably the most debated topic in contemporary global market in recent decades and the use of the term grew exponentially as the planet braced to welcome twenty first century. First half of the first decade of the new century saw the launch Thomas L. Friedman’s book on globalization named “The World is flat”. He argued that the connectivity had lead the businesses to be powerful. He has contended that every company in the globe are at the ‘level playing field’ metaphoric of the word ‘flat’. Thus he suggests that every company operating in today’s competitive world along with countries and individuals requires a change in order to survive or be prepared to be swept by the incessant waves of globalization.
A country can attract foreign direct investment by devaluing the currency because foreign direct investment will benefit from the weakness of the currency of the host country. The depreciation of the national currency against the Malaysian Ringgit foreign investors will increase foreign direct investment inflows. The exchange rate is one of the most important factors that affect trade between the countries. If the exchange rate rises, banks are relatively more favorable to the exporter, the exporter will be aware to changes in exchange rates. Statutory corporate tax rate is used as a proxy for the effects of fiscal policy to all new investors, ignoring tax holidays, accelerated depreciation and other incentives that reduce the effects of the statutory rate.
According to the economic argument the global competition motivates the employees to minimize the labour cost as much as possible. (Gooijer, 2007) This leads to a shrink in the welfare state. The ideological argument combines the two beliefs of neo-liberalism and individualization further legitimizing the need to shrink the welfare state. According to him these arguments have led to decrease in governmental interference in functioning of market and led to uneven distribution of wealth among people. (Gooijer, 2007) Moving to the right side of the two extremes
When writing, the topic has to be researched and the information learned has to be well thought out. The information then as to be clearly presented to the audience in a way to convince them of believing the information just as the writer does. Persuading the audience not only includes presenting clear information but also the writer has to express who they are as well as know who their audience. Both critical thinking and rhetorical skills apply to all areas of a person’s life. When speaking to anyone, knowing your own values and beliefs as well as the audience you have is of great importance.
It is about a certain or a specific problem. It is more about personal problems, but the world’s problems, such as nuclear energy, overpopulation, and so on. The subject has to be analyzed and evaluate precisely to make people believe in what they read and accept the fact that the opinion about the issue is true. The second differentiating characteristic is the reader. He/she is the person who read and then evaluate so the writing should be generalized for all ages that people can read and understand.