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In the United States today it is very easy to see the influence of international companies and customs within everyday life. From cars to food, trade and investment from other countries is very important to the American economy. Likewise, American influences are important internationally as well. This aspect of the international economy is commonly called globalization. Globalization, as defined by James N. Rosenau in his article "The Complexities and Contradictions of Globalization," simply describes the process under which norms, businesses, ideas, products, and other aspects particular to a certain country that are integrated into the everyday life of other countries around the world (Rosenau, World Politics 98/99, pp. 2). For example, one can go to Japan or England and find a McDonald’s, a popular American fast food Restaurant. Similarly, it is very common to find international products like Toyota or Mitsubishi, here in the United States.
There are many benefits to Globalization. One important aspect of Globalization is that it increases international trade, which in turn increases the flow of money through the world. Businesses become more prosperous and employment more stable. This international trade also can create the element of competition. Prices may be lowered on certain goods as a result of this. Furthermore, Globalization also increases communication between different nations throughout the world, which in turn may create allies or "friends" among other countries in times of crisis. Different nations can work together to enhance the business and general living standards of the society as a whole (Rosenau, World Politics 98/99, pp. 15-16).
However, there may be some serious downfalls to Globalization. It may b...
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...fetched. This way, the dangers of economic turmoil and domination that could come from other countries is somewhat eliminated. However, nations that turn to Localization cut themselves off from important technological and economic opportunities that may in the long run be more beneficial to the nation as a whole. It is one thing to separate customs and beliefs, and another to fall behind the rest of the world in terms of technology and business. In this way, the benefits of Globalization may seem slightly more important, regardless of the risks a nation my have to accept.
Works Cited
Hoffman, David. Washington Post Foreign Service 2 October 1998: A34.
Mufson, Steven. "Economic Crisis Adds New Fears." 5 October 1998: A01.
Rosenau, James N. "The Complexities and Contradictions Of Globalization." World Politics 98/99. Ed. Helen E. Purkitt, pp. 15-19
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