Globalizing Politics Globalization affects almost every single aspect of life for the citizens in the Mayor’s city. With respect to globalization, my area of expertise is the economic role that globalization plays in every aspect of the town. I will focus on will be the economic benefits our city would undergo if we allowed our city to globalize at an increased rate. Economic globalization can be defined as the “Intensification and stretching of global economic connections throguhtout the globe.”( Steger 9). However, even though our local economy would be improved there are also many drawbacks that citizens would be focused on. This could damage the self-sufficient mentality that our blue-collar citizens have developed over the years due to
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Globalizing has benefited most businesses that have undergone the transformation to become transnational corporations. In fact, forty-four of the top 100 GDP’s are transnational corporations, while the other fifty-six are countries (Steger 54). This statistic, from Steger, shows how vital globalization can be to a business looking to grow. One example of how globalization has helped transform and revitalize a stagnant economy can be found in the current change going on in Africa. In Africa they are currently struggling to create enough jobs, this is mainly because of the lack of support, from companies looking to create plant and factories in a country that is an afterthought to most developed companies. However, this all changed when Oliberté was moved to Africa by Tal Dehtiar in 2009. He has seen his company grow exponentially since it was first founded, “Sales have increased from a mere 200 pairs initially to over 10,000 in 2011.”(IN TEXT CITATION). This one single company spreading across the globe has helped turn around the economy for a small village in Ethiopia. The company gets all of its raw materials from local farmers and herders when making their shoes. (IN TEXT CITATION). This is a key source of income for all of the people that call Ethiopia their home. The recent growth in their shoe company also shoes that no matter the part of the globe globalization can stimulate the economy by allowing money to flow through the citizens. The effect one company can make on an economy is extremely valuable; the same thing could happen to our city if implemented
Globalizing has benefited most businesses that have undergone the transformation to become transnational corporations. In fact, forty-four of the top 100 GDP’s are transnational corporations, while the other fifty-six are countries (Steger 54). This statistic, from Steger, shows how vital globalization can be to a business looking to grow. One example of how globalization has helped transform and revitalize a stagnant economy can be found in the current change going on in Africa. In Africa they are currently struggling to create enough jobs, this is mainly because of the lack of support, from companies looking to create plant and factories in a country that is an afterthought to most developed companies. However, this all changed when Oliberté was moved to Africa by Tal Dehtiar in 2009. He has seen his company grow exponentially since it was first founded, “Sales have increased from a mere 200 pairs initially to over 10,000 in 2011.”(IN TEXT CITATION). This one single company spreading across the globe has helped turn around the economy for a small village in Ethiopia. The company gets all of its raw materials from local farmers and herders when making their shoes. (IN TEXT CITATION). This is a key source of income for all of the people that call Ethiopia their home. The recent growth in their shoe company also shoes that no matter the part of the globe globalization can stimulate the economy by allowing money to flow through the citizens. The effect one company can make on an economy is extremely valuable; the same thing could happen to our city if implemented