For all you people out there who does not know what Globalization represents here is a brief explanation, it represents the growing integration of economies and societies around the world. The two major players of this organization are the international organization which involves the world trade, the united nation, the World Bank, and the international monetary fund. The other organization is the nongovernment organization which involves the multinational corporation, sovereign nation-states, and the globalization index.I think that the people should be well informed of this subject because if we extend our United States products with other countries and develop a world trade of merchandises (needs) with other countries. Sooner or later, we as nations would have an economic boost and we would get out of this crisis with money floating in and out of the market.
I believe that the benefits of globalization outweigh the cost because it helps us in our economic development, the reasons are because of globalization we are able to spread our companies all over the world and sell objects to other places which help us improve in our economic situation. The other reason is because it also helps us get closer to other countries and trade with them and get better technology and items that other places have and we need.
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ReplyDeleteIndustrial globalization does sound important. It is true, we as citizens are very conservative in how the nation spends its money. We as humans like to earn the top dollar and spend our money by paying less. For example, if companies here are building better technology and we have to pay top dollar for the product, society would not buy that product. But if China builds that same product and sells it for a cheaper price then society would launch them self’s towards that product and buy it. Companies here would then lose its company because they cannot pay employees and they won’t profit, these companies then pick up their stuff and move to other countries were labor is cheaper and they can produce more and profit at the same time.
ReplyDeletei agree when you said that the benefits of globalization outweigh the cost because it helps us in our economic development, the reasons are because of globalization we are able to spread our companies all over the world and sell objects to other places which help us improve in our economic situation. Goodjob
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