Ten very good things 9: Globalization

Some people can talk about food mile, buy locally, or be self-sufficient as if it were a virtue. Okay (my 9th) is globalization, which allows us to get each other's special skills and products.

For decades globalization has made the world a comprehensive economy that is not part of its history but a series of relatively isolated economies. International cross-border trade will help to create unprecedented wealth in the history of mankind and improve the lives of more people.

For poorer countries, globalization gave the opportunity to sell relatively low-cost labor to the global market. It brings investment in job creation, and these employments are paid less than their counterparts in the rich economy, but their wages are usually higher than the traditional work there, so they are helped It is improvement for the country.

For people in rich countries, globalization has brought low-cost products from abroad, which enabled them to consume and have a higher standard of living. It also brings productive investment opportunities to high growth industries in developing countries.

What is being influenced by global exchanges is the people of the rich countries whose production has been decreasing due to cheaper substitutes from overseas now. They often need to find new jobs or receive retraining to fulfill higher value jobs. The extra wealth brought about by globalization has increased the number of employees in the service sector and provided many new jobs it is needed.

With overseas competition, companies are forced to increase efficiency and use resources more efficiently. They often choose high-end markets and are seeking high value-added products with little competition with relatively unskilled workers. As a result, companies that were selling inexpensive fabrics turned their attention to fashion and design, seeking emerging middle-class customers in developing countries.

The integration of the world economy has brought about interdependence. Countries cooperating in trade acquire the habit of understanding each other and resolving disputes through negotiations and agreements rather than armed conflicts. Frederic Bastier, a French economist in the 19th century, briefly stated that "products will not cross the border and the military will do so."

4) Globalization. The elite strongly supports trade expansion and globalization - in addition to the labor force sample, one out of every seven people in each group said that globalization is a good thing for the United States. Most people (60%) agree - but 42% said there are some concerns about anti-globalization protestors. These concerns are largely unknown, but a considerable number (16%) point out the impact of globalization on the environment. Does the current economic recession exacerbate public opposition to trade and globalization?

If this is really good, there is a fierce argument about the real impact of globalization. But no matter how bad it is, there is not much debate as to whether it is happening or not. Let's see the positive and negative aspects of globalization, you can judge myself whether it is best for our world.

There is no doubt that globalization is a good thing for many developing countries. Developing countries can now access our markets and export inexpensive goods. Globalization is also suitable for multinational companies and Wall Street. However, globalization is not suitable for working people (blue collar or white collar), and the US continues to industrialize. Free trade should reduce barriers such as tariffs, VAT, subsidies and other inter-government barriers. This is not a fact. There are still many obstacles to free trade. The story of the Washington Post stated as follows. "The problem is that since 2008 G20 countries have joined more than 1,200 restrictive import and export measures.