Global Economic Integration And Its Impact On The United States

1095 Words Dec 21st, 2016 5 Pages
Global economic integration is one of the most pronounced developments of the late twentieth century. The liberalization of domestic economies, and the strengthening of co-operative regimes in international trade and finance, and the transnationalization of corporate structures have all contributed to this dramatically accelerated growth of globally integrated market structures. It has been the defining feature of the late twentieth-century, exemplified by sharply increased trade in goods, inter-connected financial markets and large-scale international migration. Globalization is defined by cross-border connectivity, including porous borders, which serve to expedite flows of goods while at the same time increase the level of immigration – both legal and illegal.
Global economic integration is able to produce both winners and losers. This paper looks to see how groups within high-income countries have gained and lost during the neo-liberal phase of globalization, as well as how those impacts of globalization have changed the political coalitions and dynamics in the United States as well as Europe. Free trade is one example of a policy that produces both winners and losers through global economic integration. Free trade is followed by some international markets, and is in which countries’ governments do not restrict imports from, or exports to, other countries. Sometimes consumers are better off and producers worse off, and other times consumers are worse off and…

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