Globalization and Outsourcing Can be Beneficial

For decades, American citizens have been complaining about how outsourcing has ruined their lives and that it is only going to harm America and its economy. Unfortunately, jobs are going to be lost and the unemployment rate may rise due to globalization. However, the benefits of globalization are infinite. People in other parts of the world will achieve a greater life than they ever thought possible due to the factories built in their countries. Due to the poverty in third world countries, these factories will provide a great source of income for the citizens of third world countries. People in America will benefit from the stable economy; prices of America’s goods will stay relatively the same. Despite the misinformed Americans opinions of outsourcing, the benefits are crucial in developing America’s economy

Businesses should outsource if it benefits their company. Big corporations are not responsible for the well being of the citizens of America. If outsourcing is going to benefit companies then why shouldn’t they be shipping their jobs to third world countries? Their goals are to make as much money as they can regardless of the well being of others. This is the goal of the big corporation. On the other hand, thinking about the well being of the American people, many Americans say that the corporations are being selfish and owe something to the citizens. Despite what these people say, the corporations owe nothing to the people. Business are always competing with each other, and if one business does outsourcing then the other businesses have to follow the same path because they will not be able to compete with the outsourcing business.

Outsourcing is not a matter of morality but a matter of survival.

All over the media, people are saying that outsourcing is horrible for America. Unaware individuals believe that globalization undermines America’s economy and only helps big businesses. However, what they don’t understand is that it stabilizes America’s economy and prevents inflation. For example, the New England Economic Review states that “estimates of the Phillips curve suggest that the low level of unemployment over the last few years should have produced a fairly significant increase in the rate of inflation, yet inflation has continued to fall…Perhaps the most widely cited explanation for the...

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... U.S. is offering a wage of 75 cents an hour. Although 75 cents an hour is not miniscule in the U.S., it is great in third world countries. This is why people arguing that the wage of workers overseas is too low are wrong. It is not too low. In fact, it is much higher than what they could earn. Corporations in America are doing the citizens of the overseas markets a huge favor. They are giving people jobs and dreams that were never thought possible.

People who believe globalization is harmful are simply selfish and ignorant. Globalization is simply too essential for the development of third world countries and for the survival of the world economy. The prosperity of developing nations has been attributed to the vital role of globalization. Without globalization, many people would be in dreadful conditions and third world countries would not be developing as fast as they do now. The gap between third world countries and developed countries would be vastly huge were it not for globalization. Despite all the rumors flying around about how globalization harms the economy, the benefits that have been generated are tremendously crucial to our civilization.