Living in a Globalizing World - Assignment Example

QUESTION NO.1 The countries outside the United s have a weak economic condition. These countries are underdeveloped as they were formally part of the British Colonial. The countries are still underdeveloped and need to grow economically in the present day context as compared to the United States. Those countries are India, Pakistan, Bangladesh, Hong Kong and many more. The sources of information are with reference to the increased level of poverty and illiteracy in these underdeveloped countries (Crawford and Fogart 1-137).

QUESTION NO.2 The globalization leads to business expansion by integrating policies and trades throughout the world. The people living in the United States gets affected by the effect of globalization on the economy. The positive aspect of the US economy is to generate profit through the expansion of industrialization but the adverse aspect is that it leads to the increase in the number of the outsourcing by declining the number local jobs (Crawford and Fogart 1-137).QUESTION NO. 3The inequality in sexism, racial prejudice is creating big chaos in the society and also affecting globalization.

With the advent of globalization, few negative aspects such as the number of sex trafficking and discrimination of the people on the basis of the race have increased worldwide. s. The institutional racism also gets influenced through globalization due to the integration of the diverse culture. Conversely, many people have adopted orphan children, who belong to different racism for providing them a better life (Crawford and Fogart 1-137).QUESTION NO. 4The term wealth means the property of an individual, which is earned by the person throughout life.

However, wealth not only provides materialistic happiness but also a non-materialistic aspect. Wealth is also the satisfaction, which comes out from the mental peace and happiness. In the present scenario, people feel that the people who spend time with their family are happier than any other financially rich person (Crawford and Fogart 1-137).