The Economic Globalization Of The United States

1102 Words5 Pages
The economic globalization of any given county is the increase of economic integration of the nation in the world’s economy and is the result of cross-border movement of goods, services, technologies and capital. Economic globalization has been seen to help developing countries arrive at a more stable and stronger economic because of its positive effects on crucial issues such as GDP, and their trade as well as their special interactions with different countries, such as the joining of the European Union. France was no exception to this. France in the post-war era after World War II saw significant change with their economy, becoming a more open country in the world markets and a stronger, financially stable country. Before this period,…show more content…
Gross National Growth (GNP) is the measure of how an economy is performing and what a country has produced. While Gross domestic product (GDP) is the size of a states’ total annual economic activity. France’s GNP fluctuated in the early 20th century because of the events posed upon the country. In the table below we are able to get a sense of how the economy of France does in the 20ths century and it is clear that their post-World War II interval is the most successful. It is that specific time frame in which France’s economy starts to flourish. This could essentially be because after the world wars mostly everything needed to be reconstructed. Many factors help contribute to a nation’s GDP and GNP rates. Agriculture, construction, manufacturing, services, transport and utilities are all included when calculating GDP. GNP is greatly affected by the population that is within a country. Higher GDP’s tend to be associated with EU members such as France in comparison to the rest of the world. There have been sudden drops in the French GDP growth rates but that doesn’t essentially effect the welfare of the people. Many argue that GDP rates do show how a country is doing economically but they do not accurately show the welfare of the citizens. William Ray from Psychology Today states that GDP draws “attention away from the real measurement of a country’s and people’s progress—our overall well-being.” This
Open Document