The United States and the Global Economy

The United States and the Global Economy - 1 Colette...

Info iconThis preview shows pages 1–3. Sign up to view the full content.

View Full Document Right Arrow Icon
Colette Heefner November 13, 2007 Professor Arroyo Politics Chapter 17: The United States and the Global Economy: Serving Citizens or Corporate Elites? Globalization is described as the increasing interaction and integration of people corporations, and governments around the world as a result of advances in transport, communication, and information technologies that cause political, economic, and cultural convergence (Globalization 101). In the center of this process is the United States of America. We stand as a super power along side a number of other advanced countries who continue to built this interconnectedness. By way of globalization, wealth is accumulated so rapidly that it seems illogical to operate differently. The question that arises in Debating Democracy chapter 17, however, is whether the benefits of our global economy serve all citizens of the United States, or just the corporate elites. This stems from the accelerating gap between the rich and poor in American and the overall stability of the planet’s ecosystem as we continue to use up natural resources. As the rate of poverity increases, so is the delpetion of resources resulting in a world that can not insure a safe future for its upcoming generations. Along with the effects of the gap of wealth widening, poverity stricken and working class people must feel, as well as the elite, the fear of the world for their children. The essays Revlution is U.S. by Thomas Friedman and When Corporations Rule the World by Daviod Korten reveal and analyze these issues of globalization and the balance of national prosperity to national quality of life. 1
Background image of page 1

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full DocumentRight Arrow Icon
The first piece by New York Times columnist Thomas Friedman, argues that economic globalization is inevitable. He claims that modern governments should help people adjust and transform to it, rather than fight the negative aspects of its outcome. The realization that America possesses the entrepreneurial and political culture for modern success is the justification for his claim that the disadvantages are far outweighed by its production of new wealth and individual freedom. Thomas Freidman’s essay is driven by the idea of free market capitalism. He claims that “the more you let forces rule and the more you open your economy to free trade and competition, the more efficient and flourishing your economy will be” (Freidman 358). Working off of this, the essay begins by contrasting the division of the Cold War to today’s era of openness and integration in globalization. A number of examples are given to support how the United States has evolved for the better since the Cold War. Friedman notes how we are more focused on efficiency rather than quantity, competitors rather than enemies and most importantly, the individual than the corporate power because globalization has “wired the world into networks, giving more power to individuals to influence both markets and nation-states than at anytime in history” (Friedman 360). The second section of Friedman’s essay coincidently starts the next line
Background image of page 2
Image of page 3
This is the end of the preview. Sign up to access the rest of the document.

This essay was uploaded on 02/26/2008 for the course POL 101 taught by Professor Arroyo during the Fall '07 term at Ithaca College.

Page1 / 15

The United States and the Global Economy - 1 Colette...

This preview shows document pages 1 - 3. Sign up to view the full document.

View Full Document Right Arrow Icon
Ask a homework question - tutors are online