Effects Of Globalization On Chicago And The Change

Living in a big city is a lot different than living in the country. Cities are compact , loud, and always busy; the country is usually isolated, tranquil, and underpopulated. In a city like Chicago, which is home to about 2.8 million people, there are so many things that contrast from the country. In Chicago, there are about 16 houses per block, there are about two schools within a five mile radius, schools are packed, sports aren’t well funded, and education was kind of like a repeat every year.

Globalization has, for better or worse, altered the economic arena for every country in the world. For many less developed countries, globalization has leveled the playing field so that their economies can compete with the larger, more developed ones such as the United States and other large western economies. For instance, technical engineers in India and China are now just as qualified as engineers in America, but at half the cost. The once large and prosperous service sector in the United States as well as telemarketing services have largely been sourced to India as a large exodus of American multinational corporations find cheaper workers who deliver comparable quality. This then seems to be the essence of globalization - businesses

It has become increasing undeniable that the process of globalization is present, and a strong force in the international market. “Globalization”, according to the Merriam-Webster dictionary, is defined as, “ the development of an increasingly global economy especially by free trade, free flow of capital, and the tapping of cheaper foreign labor markets”. Before the start of the 1990’s, the United States had little competition in the international marketplace, and was as strong as ever. Globalization has opened the international market to cheap land and labor outside the United States. Corporations and businesses have outsourced many jobs from the United States labor markets, at the expense of United States labor. One of the biggest questions facing America today is if it is ready for Globalization. I believe that we are not ready for a variety of reasons, but there are a few that stand out in my mind. The top factors concerning the U.S. are ineffective nature of Congress, U.S. national debt, and overseas outsourcing.

American culture was built on the idea of progress. Our society has focused on creating new technology, advancing the current systems, and these forces thrust the world towards globality, a world where countries are increasingly interconnected. To be clear, globalization isn’t a new phenomenon, but the technological advances of the postmodern era accelerated the path to globality, a world in which our current ideas of national borders are significantly different, much more fluid. Economics is just one facet of globalization, but unmistakable in the chosen image. Economic globalization refers to the complex system that our

In the late Nineteenth and early Twentieth Century, America was dominated by change. Expansion, urbanization, immigration, and capitalism swept the nation from coast to coast affecting every class, race and religion. The United States economy changed dramatically, as the country transformed from a rural agricultural nation to an urban industrial giant, the leading manufacturing country in the world. As this economic growth proliferated, Chicago was the epicenter in America. Travelers from Europe flocked to Chicago in search of opportunity. Meatpacking and steel were especially attractive for unskilled laborers from Europe.

The world we live in today is going through enormous changes in economics, technology, culture, politics, etc. The effects of the changes are not so clear, since it is hard to predict how each sector would affect the other and how society will be affected. However, analyzing past and present occurrences provides some information for experts to interpret society’s reaction in the future to different transformations. Globalization can be seen as a process in which societies around the world come together and expand through the combination of different forces. This paper will explore the effects of globalization on US companies, US society and economy, and the implications for other countries in the post-industrial world.

At this point of time, globalization has grown to be a phenomenon that is significantly important economically, politically, and culturally. The amalgamation and incorporation of the world economy around the globe has reshaped business. Not only this, it has created "new social classes, different jobs, unimaginable wealth, and, occasionally, wretched poverty" (Kiggundu 2002, p. 4) by restructuring the lives of the individuals. For some, globalization is associated to modernism and contemporary practices. Others understand it as American domination (particularly those living in Asia). On the other hand, some people believe it to be the emasculation of America (Kiggundu 2002, p. 4).

The significance and implications of part 2 chapter 7 quote is to show the significance of how things were changing in Chicago. In the quote it says how not a lot of audience members enjoyed the poem, even though Monroe acknowledged this she felt as though the poem was brilliant and got five thousand copies made. Even though poetry was a big factor of entertainment at this point of time new and better inventions were more interesting to the people in Chicago and they were starting to shift to a more modern way of entertainment.

Globalization has been an integral part of India’s progress. It has opened up new avenues for growth.

On November 6, I went to Chinatown and I had my dinner at there. All the way down to the South, after I passed lakeshore drive and downtown, I arrived Chinatown. Usually I go to Chinatown once a week because I am from China and thus I really like Chinese food. First, I went to Little Lamb Hot Pot to have my dinner. After the dinner, I went to the food market to buy some food supplies and cooking materials. In my opinion, the impact of globalization in Chicago’s Chinatown can be reflected in food, commodity, and culture.

In 1990s America, obtaining freedom from governmental control became a social preoccupation. Starting with liberalism’s demand for increased individual freedom, what began as a small movement eventually transformed into a culture-wide fight for social justice and economic growth to create a free market where, ideally, no government would be needed. Activists term this modern movement “neo-liberalism,” or global market liberalism (capitalism), which calls for free-trade policies. While adopting such a system for American cities has been advocated by many people for its economic benefits, it also necessarily creates new relations between the city government and the residents who live there, which in turn affects the urban environment and social relations within the city. The question is a persistent one in our place and time: to globalize, or not to globalize?

Globalization is taking place across the world where people can either become globalization or stay local in the state or country. People are very controversial about globalization helping local economies and local businesses. Some people believe globalization is helping local businesses into the markets and then there are some that believe that multinational corporations hurting the local small businesses. What is globalization? “the development of an increasingly integrated global economy marked especially by free trade, free flow of capital, and the tapping of cheaper foreign labor markets” (). Globalization has started long before we were born.

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 politics, it also has left some drawbacks behind on the same aspects.

“Globalization is not just one impact of the new technologies that are reshaping the economies of the third millennium” (Thurow 19-31). When speaking of globalization, most people will not have a complete understanding as of what it actually means or what aspects of the world it affects. Globalization promotes free trade and creates jobs. The capital markets attract investors, resort cheap labor, and leads to job losses in some areas of higher wage. While all of this is happening, the world economy is being effected: economically, culturally, socially, and politically.

In today’s world, with a few notable exceptions, nearly everyone in every region of the world has access to the same products, information and services. A long-distance relationship is no longer so distant, since each party involved in the relationship can communicate through Skype, Facebook or through any of the vast amount of social media available. A person in Easter Island, one of the most remote inhabited islands in the world, can go to the other side of the world and travel to Canada. An economic crisis in Argentina could affect the economic landscape in Brazil. A person in Chile or Peru can buy an Abercrombie and Fitch t-shirt because this transnational corporation decided to expand its market to developing countries, or as you might prefer, to emerging economies in South America. Although many of these examples might be trivial, these are the consequences of globalization.