Globalization Paper - Evan Baran October 9 2006 Max 132...

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Evan Baran Max 132 Global Community October 9, 2006 Globalization and its effects Globalization. Globalization is the spread of ideas and influence throughout the world. This phenomenon of globalization has surged the globe over the last decade, with the increase of communication technology and break down of foreign trade barriers. The effects of the globalization have been very beneficial to the world. However, the negative impacts can be seen as well. Nonetheless, there is no victory to either side of the argument. The world’s citizens must acknowledge the effects of both the pros and cons. I will argue how Globalization has grown to become harmful, and that multi-national corporations are becoming more influential and powerful than even some nations. Globalization has benefited the globe immensely. Free trade enables nations to trade with one another, without being heavily tariffed on goods. It permits products of other nations to be sold in markets other than their own. Globalization does not only spread goods around the world, but also ideas. These ideas can radically affect the globe and its structure. For example, with the expansion of technological markets, the Soviet Union could no longer keep up with the free world. “Globalization explains both why and how Soviet Communism met its end…Television played a direct role in the 1989 Revolutions. .. Street protests taking place in one country were watched by television audiences by others, large numbers of whom then took to the streets themselves” (Giddens 15). Globalization also promotes the idea of drawing the world together, and becoming more interconnected. Nations are able to trade with each other in seconds, with telephone, fax, and Internet communications, where as it used to take a much longer period of time. Nations that are close trading partners with no trading regulations are being banded together, so that they can all maximize their economic success. Free Trade promotes interdependence among nations. Countries will specialize their economies to manufacture what they can most efficiently. With each different country producing what it does best, then they can trade these products for other
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well made foreign ones. “Under free trade, all over America, workers and machines make goods the roundabout way- by making things Brazilians want and trading them for coffee or shoes, by selling pharmaceuticals and airplanes to Japan and trading them for calculators and video players” (Roberts 93). This reduces competition and advocates efficiency and cooperation. Free trade has created a rise in multi-national corporations. These multi-national corporations or MNC’s, infiltrate third world country’s economies because the nation is so poor that it has to open its free trade restrictions, and allow foreign investment. The multinational corporations choose to operate in these third world nations, because they are able to deregulate working standards so that both the corporation and the nation will profit. The MNC’s ultimately
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This note was uploaded on 04/01/2008 for the course ECO 102 taught by Professor A.bhargava during the Spring '08 term at Finger Lakes Community College.

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Globalization Paper - Evan Baran October 9 2006 Max 132...

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