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A Global Perspective- Made in USA - Essay Example

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A process that reconnects various cultures and businesses in an interaction that yields economic and social benefits. Globalization defines the modern era of integration and interaction that exists amongst different…
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A Global Perspective- Made in USA
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Download file to see previous pages On the contrary, manufacturing industry directly entails processes that ensures large-scale production of goods and services through innovation and production.
A close relationship exists between manufacturing industry and globalization in relation to creation of market opportunities and innovation of new ideas (Alden, 2012). It is imperative to understand that globalization creates diversification of ideas that consequently results into generation of new techniques of production and service provision. The generated ideas directly improve manufacturing industry through increased productivity and creation of diversity in services and goods. Most importantly, globalization provides new market opportunities throughout the world for manufactured products. In addition, through globalization, manufacturing industries can establish new production plants in other regions around the globe with available inexpensive resources. It is indispensable that globalization has resulted into evolution in the manufacturing industry.
Manufacturing industry plays a fundamental role in creation of employment opportunities for American citizens. It is imperative to note that as government employment opportunities decreases, manufacturing industry provides an option for the millions of Americans who need income. The manufacturing industry has acted as a fundamental contributor the growth of US economy through job creation in 1900s until globalization and outsourcing issues started. The era of outsourcing where US-based companies establishes manufacturing plants in developing countries due to cheap labor resulted into the decline in employment rates within the significant sector (Norris, 2012). However, following the current need for resourcing, established companies in USA have created more job opportunities within the manufacturing sector. It is ...Download file to see next pagesRead More
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