What Do Anti-Globalists See as a Threat to the Globalization of Trade - Assignment Example

For Americans of the past, the initial stages of designating an industrial economy on a global level occurred to have established a revolutionary social order that only raised confusion, especially among the working class, making them suspiciously ponder and react upon the possible outcomes of social development for the nation (Foner). It entailed a notion that such an approach to spontaneous progress determines the allocation of power and social security. In this regard, reformists of the period were led to conceive that potential peril exists with the significant concern that as a response to it, people of the lower class may act in tumultuous aggression in exercising their democratic right over to suppress individual economic growth thinking that liberty of acquisition of rights to property (Foner), particularly with those who could afford,  would only emphasize inequality among social divisions and thus create an appropriating amount of common interests.

Progression of economic development enabled Americans to adapt to the concept and application of ‘Social Darwinism’ in their everyday living since the competition to acquire a relative or higher advantage in upgrading social and economic status in American society had apparently become essential. At present, the state of globalization may be claimed to have contributed improvement in ways observed to have huge impact upon technological innovation in trade, foreign direct investment (FDI), growth of trade in services, and several other fields that determine factors which affect technology transfer, formation of global enterprise, and industrial restructuring not like the old endeavor.

Specialization and division of labor due to competition and market expansion is one potential benefit of globalization that bears real implication upon an increase in production. Like globalization of the gilded age, augmented productivity as a consequence of rationalization of production on a global scale accounts for another significant advantage besides the spread of technology and competitive pressures for continual innovation throughout the world (Intriligator, 2003).