Globalization Of The United States

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.

Globalization impacts every area of American life: from the products we buy to the way we do things. One of the ways globalization affects individual communities is by making those communities more diverse. Globalization makes the migration of people, as well as products and stores, more possible. There are some negative aspects of globalization. For example, globalization makes it more likely that we will see less variety of stores. The proliferation of the same stores in every neighborhood, even throughout the world, makes for a more homogenized society. I see a Starbucks everywhere, as well as McDonalds. One impact of globalization that has both pros and cons is that English has become the predominant language. English enables people from different countries to communicate, but it also means that people in the English speaking countries have an advantage.

US globalization changed not only the United States, but the world, since anybody can sell to anyone, anywhere in the world. It has opened opportunity to many people across the globe that would have never been able to have a successful business without it. Another way it has changed is in the way people communicate with each other. People can immediately talk to somebody in another country, or post to a social website, reaching many people at once and instantaneously, globalization has definitely made the world a lot smaller.

Trade is critical to America’s prosperity, fueling economic growth and supporting jobs at home. Trade with

The same goes for trading our current trade laws restrict us from reaching our full potential. U.S. trade as a percentage of GDP is lower than that of every other developed country in the world. As the forces of globalization have reshaped the global economy, there has been increasing resistance to trade liberalization

Gross domestic product, the largest evaluate of products or services created in the U.S., increased at an yearly rate of 4.6 percent in the second quarter, that changed past 4.2 percent reading and equaled the strongest quarter of the five-year-old recovery, related the final three months of 2011. Consumers are stepping up spending only slightly, as a increase in job development this year has yet to convert into considerably higher salaries. Temporarily, a lenient global economy remains to weigh on the U.S. as dropping growth in Europe and Asia restrains American exports.

Over the course of Americas 239 years of existence it has had so many different ups and downs in its economic center ranging from the highest of its ups in the roaring twenties to one of its lowest lows in the recent great recession. It impossible to be able to completely guess what the united states economy is going to do next but with the help of a few monitors we are able to estimate where America is at this time and make as good of a guess on where it is going than ever before. With these tools we can see that the United States is on a steady incline shown through the improvements in the Gross Domestic Profit, low inflation, the rising labor market along with the Manufacturing & Trade Inventories & Sales tool.

Globalization is an extremely relevant concept in regards to the current shape of the world. Through globalization, ideas are shared across cultures leading to innovations in several departments. I would like to give an overall view and perspective of the impact of globalization on the United States from a macro look at how globalization is now shaping America. Likewise, I will discuss in more detail how globalization has impacted the United States as it relates to technology, trade, transportation, and environmental pollution. Lastly, I will explain the impact of globalization on the United States as to how it relates to these forces on domestic companies, workers, indigenous cultures, and other demographic groups within the country.

One of The United States issue with its economy is the growth. The United States trade is at a disadvantage. The international value of The United States has rose in comparison of other country

The early 1990s exhibited a boom in many economies throughout the world due to factors such as globalization and other trade liberalization practices, but this boom was quickly halted in the latter half of the decade when bad investments nearly sent the entire world into economic turmoil. With the introduction of free trade practices such as the North American Free Trade Agreement, or NAFTA, the economies of many of the worlds “developing countries” skyrocketed due to an influx of foreign investment. At, first this exponential boom in small countries with emerging economies seemed like it would never end. However, this all changed when investors “caught wind” that these developing countries did not have the means to keep up with the massive inflow of investments. This led to what we know refer to today as the Asian Financial Credit Crisis. In order to understand how to prevent such a disaster from happening again, we must first examine how exactly this event was triggered, and what should have been done differently.

The most important theme running through American History is globalization. Globalization is the interconnectedness of people, countries, and companies throughout the world. The three main types of globalization are political globalization, social globalization, and economic globalization. Globalization has made America what it is today. It has made us one of the biggest international powers, and made America a cultural melting pot.

The U.S. trade deficit has risen more or less steadily since 1992. In the second quarter of 2004, the trade deficit relative to GDP surpassed the 5 percent mark for the first time. Many economists already considered trade deficits above 4 percent of GDP dangerously high. The fear is that continued growth in this external imbalance of the U.S. economy will ultimately spook overseas investors. http://www.americanprogress.org/issues/2004/09/b193700.html

As of 2010 in the United States, the GDP Growth Rate is growing, the Unemployment Rate is decreasing, and the Rate of Inflation is decreasing according to the trendline with relatively large fluctuations. The current GDP Growth Rate is 2.1%, due in part by the ever increasing consumer spending throughout the United States. This growth was expected, however, it was not anticipated to grow as quickly as it has been. Nevertheless, the growth in consumer spending caused a decrease in the purchase of stocks and investments, consequently, lowering GDP. Since the United States imports more goods than it does exports, this difference in Net Trade also lowers the GDP. As for the Unemployment Rate falling at 4.7%, it is more structural than any other

1. United States growth has slackened to2.4% in fourth quarter from a robust 4.1% growth in third quarter. This moderation was mainly due to an acute decrease in residential fixed investment that is in relation to dawdling home sales as well as lesser addition to stock. Comparing the two quarters, stocks contributed to 0.1% point growth in quarter four. Fiscal policy sustained the drag of the economy in relation to an acute decrease in federal spending. Notably, the significant support to the economy originated from private household spending instead. There was an earlier indication that United States could expand moderately in the first quarter of 2014 but this has not materialized. The slow growth can be attributed to declining retail sales, declining trade balance, and inventory adjustments. Real sales retail declined by 0.4%, in January while shipment of durable products decreased by an extra 0.4%.

It is common that free trade causes negative effect on trade deficits. But from a high-level analysis, and based on the statistics from U.S. Department of Commerce there was a trade surplus on all trade by United States and its Free Trade Agreement countries in 2012 and 2013. The United States had a record trade surplus for exports of goods manufactured in U.S. for last few years. The surplus value was $27 Billion in 2009, and reached $55 Billion in 2014.