Globalization In The Age Of Trump Summary

Globalization was established in 1942 (O’Rourke 1). Globalization is the creation of international rules by governments and corporations in order to facilitate and regulate trade between nations (The Phenomenon 1). Globalization has left many positive and negative affects on the world, but more positive than negative effects have been left on the United States.

Globalization is the process by which regional economies, societies, and cultures have become integrated through a global network by transportation, communication, and trade. Through a global lens the process of globalization seems to be vital to the development of the modern world. As a result of globalization there has been a dramatic transition in every aspect of life around the world, more specifically in areas such as trade, immigration, and human development. International trade bolsters sales, lowers the cost of production and consumption, and extends the market reach of any corporation. This is beneficial to America in that consumers are able to buy more goods and services at lower costs and therefore the gross domestic product

Globalization can be seen as reduction in barriers between countries. Globalization has opened the world market for international trade. The movement of globalization have contributed to the spread of knowledge, culture, technology, and information across borders. The increasing role international expansion across border has also increased the focus of multinational corporations to international business strategies. Organizations today in developed nation or in developing nation are going international due to increase in competition. They want to expand their limits beyond local region. Competition in domestic market and pressure to expand the business are the few reasons for the globalization. The following are the few

In this chapter, talks about Globalization and Trade. Wheelan starts by using the example of a magical machine that turns corn into stereo equipment. “Imagine a machine that can convert corn into a stereo equipment”. He says that no matter where in the world you look, trade is a machine that can turn anything into anything else. In trading we are practically taking what we produce and turning it into what we can’t or do not produce. The best part of the trade machine is that it allows countries to specialize in producing just one good and then taking that one good and turning it into another good. Since in the trade machine you just need one thing to get whatever you want, you basically take whatever you are better at and focus only on producing that in order to trade it with different people that can offer you what you lack. This is the heart of trade, specialization.

The economy is based of both producers and consumers, but the customers are the ones that ensure the success of each company. More than half of the world’s population lives in a portion of Southeast Asia (Schuman). The population of Southern Asia is affecting the economy of other countries around the world because so many consumers are located in one condensed area. The Countries of China, India, and Japan consume many American goods that help both countries’ economy grow from recovery of the stock market crash. However, the Asian countries seem to be benefiting more from this globalization of the economy than America.

On the 17th of December 2010 a young street vendor from Tunisia, frustrated, set himself on fire, and died a few weeks later as an infliction of this self-immolation. Mohamed Bouazizi became a symbol of freedom, and his later death was dubbed as part of a group of "heroic martyrs of a new Middle Eastern revolution."1 These young men and women, whose pictures and names became national icons, were from all over the Arab world. They were all after the same thing; an end to the suppressive evil that they have witnessed throughout most of their lives and to many their entire lives.

With globalization on the rise, many immigrants are migrating to America to follow the American dream; however, many xenophobes in America are against this. They promote hate crimes, therefore, the destruction of other races and religions that are not like their own. Recent rises in immigration to the United States has seemed to spark some hate crimes around the country; especially after the September 11th attacks occurring in 2001. Many people today still have a hard time accepting this movement. A lot of white Americans are not accustomed to other cultures, leading to very sheltered lives. Then, all of the sudden there seems to be this culture shock, and everyone is freaking out in their own ways, some more violent than others.

1). Choose a current issue as it relates to any one topic we have covered over the course of the semester to explore cross-cultural variations in culture change as it relates to globalization. What is your issue? How does this issue relate to any one topic we have covered over the course of the semester?

Globalization is a process which involves the establishment of economic, cultural, and socio-economic relations between nations around the world. It is a concept that has fascinated me for quite some time because of it’s influence on topics such as; why one country gains while another loses, why certain people thrive while others diminish, how technology impacts human labor and workforce, etc. Specifically, I have always been drawn to the economic consequences of globalization and how they impact the United States and our relations with other nations. After extensive research, I have concluded that globalization can drastically improve the American economy `only when it is properly monitored and subjected to barriers. These barriers restrict the overall role it has played in the past and the role it will play in the future regarding the success of our economy.

To understand the policies and actions of not only our nation but of other nations as well, we as a people must understand the impact of globalization on the world. Credibility/Relevance Statement: I have always kept an eye on the economy throughout the time that I have know about its importance. I have also placed great lengths of time in researching and learning about the different aspects of the economic globalization to provide the best information for us to learn and use. Preview: I shall begin with the describing what Globalization is and its different eras, then move on to provide examples of Globalization and end the presentation with its impact on the United States’ actions and policies as well as its effects on citizens and the world as a whole. Transition:

Have you ever stopped to wonder how the countries in the world interact with one another? Globalization is one way. Globalization, in my opinion, is the process in which people, goods, and ideas are spread throughout the world. This economic trend is the reason that someone can go to a Nike store in the United States as well as in England or even China. Globalization has costs and benefits, or negative and positive aspects, for every country. In my opinion, globalization's benefits outweigh its costs, and overall is a good thing to happen to our world.

and low wages for families in the United States and helped by the financial crisis. To

Moreover, Yip, Loewe, & Yoshino (1988) caution that before managers embark on globalizing all or part of their business they first need to determine if the business can or should be globalized. Factors within the companies industry such as economic, environmental, competitive, and market forces must be analyzed. For example, market forces determine if customers will be receptive to a company’s product; economic forces determine the profitability of the product; managers must be aware of the implications associated with environmental requirements such as taxes,

The world today is as interconnected and interdependent as never before mainly due to rapid globalization. The process of globalization has long began with human migration and trading of goods (Chanda). More recently, the world has experienced three rapid globalization periods. First, from the Industrial Revolution in Europe that opened up new resourceful lands in many other countries which encouraged the flow of people and foreign investments for productions (Salvatore and Dominick, page 2). The second phase of rapid increase in international trade happened during post WWII when heavy trade protections during the depression period were dismantled (Salvatore and Dominick, page 3). Present, globalization is at another peak development as

Economic globalization has become the most important feature and a general trend of present world economic development. Globalization is a phenomenon and also a process of development of mankind and human society (Hamilton, 2008). It is the essential feature of the modern age. Globalization is the cross-border flows of capital and goods, including capital, labour, technology and natural resources (Bożyk, Misala & Puławski, 2002). Economic globalization is a historical process, and the germination of it could date back to the 16th century. After the industrial revolution, capitalist commodity economy, modern industry and transportation have been developing rapidly. The world market was fast expanded and the foreign trade was