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Histort on Globalization - Essay Example

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Your F. Name Professor Name PSCI 476 19 March 2012 Midterm Exam 1. Globalization is the process over which something spreads across the world and most times includes business. Many corporations have the tendency to want to expand business practices to include other parts of the world…
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Histort Essay on Globalization
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Download file to see previous pages The Internet has made products more accessible to people all around the world and corporations are willing to dip their hands in the pockets of other countries. Globalization is basically an effort for a business to provide a product on a multinational effort in search for profit from wherever they can possibly get it, even if that includes having products manufactured for little cost overseas. This then has resulted in a lack of jobs in the United States due to globalization and has ultimately led to an economic downward spiral. Corporations thrive on the globalization of their business, able to make millions and offer their goods to developing companies. Occupy Wall Street is an anti-globalization group that currently protests shipping jobs overseas and keep the work here in the United States. It ks a movement designed to completely protest globalization because they expect for economic movements to stay local within our own government here in the United States. The western worlds currently dominate the majority of the world's economy and the United Nations plays a huge role when it comes to globalization. The United States plays a huge part in the United Nations due to the country being a giant in the corporate and developing realms of business. Alternately, globalization is also impacted on by embargoes that are set up in other parts of the world that can otherwise effect the rest of the world that are unable to trade goods. The economy as a whole is deeply affected in a negative way, particularly in the United States while there is a huge economic crisis going on. The value of a dollar is going down and will also affect other areas in the world and exchange rates which then also effects People on the political left have the tendency to want change while the people on the right wing do not want change. Conflicting visions are typically the topic of most political issues. Globalization is just another means for conflict in politics. It also results in a struggle between states. Some states have different resources to offer than others so globalization can effect the local economy as well as the overall national economy. The current Obama administration has the same policy that was passed from the Bush administration. Obama's stimulus package also plays a huge role in globalization not just in the United States, but also in other parts of the world because many other countries rely on the United States. Though it appears that Obama has tried to impact the economy, when looking at the bigger picture, there are still major issues in the United States that lead to unemployment, the middle class is the suffering class, and therefore contributing to the issue of globalization. It may have been a gesture of collective action but it was not quite effective enough or at least Americans are still feeling the burn of globalization's effects. The lack of jobs seems to be the largest sour idea when it comes to globalization, from the perspective of an American. Corporations not only are making money off of high priced items, but are shipping their jobs overseas to be performed at extremely low costs. Additionally, globalization is changing the world. Change does not just make the United States uneasy, but people in other economies do not know what to expect either. As a giant powerhouse of a country, many of the moves of other countries are impacted by the decisions of the United States. 2. The United States is struggling from economic recession and though it is the ...Download file to see next pagesRead More
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