The Negative Impact Of Globalization In The United States

For some people, globalization is so feared it is synonymous with world destruction. In the end, for all we know, maybe this will be proven before it is over. In reality however, there are many good things that have resulted from globalization(1, Premise). Let’s for a moment focus on the economy, even though there are many other advantages that have been brought forward that will also be discussed. Many Americans do not appreciate how efficient our markets are, in this case efficiency in reference to supply and demand is number one. These efficient markets allow economies to grow. As many have learned in a global world, when one economy grows, it spurs growth in all the other economies

More than six billion individuals live on planet Earth. As the populace develops, we are taking increasingly land to live and utilizing a greater amount of the world's characteristic assets. Numerous human exercises likewise create POLLUTION, which is harming the Earth's surroundings.

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.

Globalization is a very pressing issue in the American culture today. Within any economy, globalization will cause many problems while at the same time solving many others. This is true because there are many factors involved with globalization, one of the most important being job outsourcing. While at first glance and from what the media reports, job outsourcing is definitely not healthy for the economy. However on upon closer inspection, the reverse may be true. Job outsourcing, though initially stressing on the workforce, is helpful in creating a strong economy.

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.

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.

Although not without it’s downfalls, including the exploitation of cheap and often unsafe labor overseas and the loss of domestic jobs, globalization is necessary for America to stay on top of the world. Without globalization, the prices of the domestically made t-shirts would be too high to remain relevant with consumers. Inequalities in the market will always exist, despite the level of regulation, and from the beginning of history exploitation has been present in every sector of business. Not only producing lasting, positive change in less dominant nations, the differences in the production capabilities and labor force of different nations is what allows the supply chain to be as streamlined as possible and produce the highest quality good for the lowest prices to the consumer. As more and more nations continue to industrialize, I believe globalization will be absolutely crucial for the U.S. in order to maintain our position of world

The United States, was once a rather competitive country that other countries in the world tried to imitate. No more does this stand true. As of March 10,2016 Pope stated that, “the trade deficit in goods was approximately $930 billion, or 1.3 percent of gross domestic product” (Pope, 2016). This trade deficit that we are experiencing is of course business as usual. Specifically, this deficit has occurred since 1975 (Pope, 2016). However, the United States can highlight certain industries that we are positively growing well in. These specific goods are within the technology intensive industries (high-tech metals, chemicals, and airplane), further areas are related to agricultural products (Pope, 2016). The highlighted sector that we seem to lack the ability to gain in is the labor intensive and cost sensitive products (Pope, 2016). Perhaps though, we need to further analyze what does and does not contribute to the GDP. Exporting a countries domestic products and services produce a certain amount of income, thus the income increases the GDP. Alternatively, if a country imports good and services we see GDP lowering. At this current time the United States is participating in importing more items than what they are truly importing, hence the trade deficit occurs.

The mankind is leaving in the era of changing. Whether we want or not, it is obviously that the present world is different compare with even 20 years ago. This world has become significantly connected and integrated. Globalization processes have affected all aspects of human’s life and a business has not been an exception. While these changes concern every person of the society it is still very important to obtain the knowledge which will remain him competitive and help him to be in trend. Even though the Globalization has some negative aspects for businesses, but it also gives such significant benefits as an opportunity to develop a business all over the world, changing and challenging the way of doing business through a new concept of management in a free world.

Globalization is a freight train to be reckoned with; my position is for globalization. As we move forward into the future the technology is forcing us to become intertwined with one another and there is no escaping interlace. As Dr. Fisher’s presentation points out, “In the hyper competitive business environment, businesses are competing internationally as well as domestically” Fisher, K.(n.d.,) There is unquestionable certainty globalization will help the individual nations and world economy. However, there are legitimate arguments that powerful nations in the west such as the US will take advantage of third world country workers. When looking at this initially, it may seem true, but when we dig deeper, it will show the progress and success

The most imported products and food are iPhones and chocolate beans since they can’t be made in the United States due to the environment and the choices the maker has decided. Most of all, it makes our lives feel further connected and wanting to support where our products came from. For the people who determine to not like the idea of Globalization, says that local businesses have been shutting down due to multinational corporations, having advanced in Science and Technology gotten people to lose their jobs. Throughout six articles, all have their own viewpoints about globalization is or is not helping local business and local economies.

Globalization is something that has been occurring since early in the history of entrepreneurs, and something that will not be going away anytime soon. Businesses can enjoy many benefits from globalization that include an increased audience to market their products to, and quicker sharing of innovative ideas. The advantages of globalization are just as much a disadvantage. The increase in competition between domestic and foreign business has lead to a decrease in employment and an increase in outsourcing. Businesses need

The Industrial Revolution provided jobs, opportunities, and hope for Americans. Furthermore, they felt a since of community, all working hard for their employers, and their families. Unfortunately, for many, the jobs, opportunities, and securities have faded because globalization has been expanding over the past fifty years. Corporate globalization has been a successful form of manufacturing for corporations and the IT industry; moreover, they can hire workers in foreign countries at a discounted wage, the workers mass produce products, and send them back to America to be sold or work is call centers (Pfannenstein, Laura L; Tsai, Ray J., 2004). There are positive and negative aspects of globalization. It does not fit neatly in a box (Bethel University, 2017).

Across the world, globalization is one of the most significant aspects that has occurred over the last fifty years. It allows a country to integrate economically with other countries through a global network comprised of people, trade, and transportation. With the global landscape only becoming more intertwined, globalization and its inherent pros and cons seem to be here to stay. In many areas, global powers tend to lack in rectifying the negative aspects and only focus on the positive side. America, for example, is a leader in the globalization efforts, even though it has greatly effected job opportunities at home, widening income gaps, and an increased standard of living due to fluctuating world markets.

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.