Globalization of America

944 Words2 Pages

What is globalization? According to the definition, it is the process of international integration arising from the interchange of world views, products, ideas, and other aspects of culture. In order for the United States to remain a world power, this is one of the necessary evils that must be in place in order to achieve this goal. But to what extent is globalization required? Globalization reemerged around the mid-1980s and comes with pros, cons, and possible corruption. Globalization is not all bad. It was this process that created jobs around the globe and allowed companies to develop and grow to heights never imagined. It also encourages competitiveness among businesses which lowers costs for consumers. Along with these lower costs there is also a wider range of product choices available. Companies such as Wal-Mart and Target are in a constant pricing war to gain loyal customers. Goods made in the United States as well as overseas are now widely available at the touch of a button with little to no effort. This interchange of goods opens the door for cultures to become more tolerant of one another. Furthermore, other countries are assisted by the creation of new opportunities due to the financial and industrial aspects of globalization. Some say that globalization began back in the days of slavery as Africans were taken and transported from their homes to different parts of the world. During the globe-trotting times of early sailors, contrasting ideas and ways of life were shared with people of variant cultures. This led to mutual respect for others around the globe. Things such as spices, potatoes, and coffee were considered high commodities and contributed greatly to the early globalization era. For instance, spices such a... ... middle of paper ... ...e American way of life. Manufacturing skills should be taught in the classroom to prepare children early in life for the globalized world. Foreign languages should be taught alongside English to lay the groundwork for today’s society. Your skills make you marketable but knowing more than one language is icing on the cake. It’s that edge that international companies look for in current and future employees. The gross domestic product tells us how healthy the economy is. The GDP of the U.S. is around 25 percent making it the largest world economy followed closely by China. The domestic market in the United States is vast and is not exposed as much to trade as other large countries. In recent years, the economy has caused profits to dwindle which directly reflect in stock prices. If the GDP is slow, investors are less likely to purchase shares and individuals are

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