Essay about Globalization And Its Impact On The Economy

815 Words Dec 3rd, 2016 4 Pages
Research Paper Globalization

Economic globalization has escalated over the years more rapidly than anyone ever expected. The invention of new technological improvements, services and businesses is creating a major impact for the increasing trade of good and services amongst other countries. Globalization is the worldwide movement toward goods, services, technology and capital, it is countries trading internationally, establishing business between other countries for financial or specific resources. Debate.org states globalization is likewise a major importance of the exchange of ideas and ideologies throughout worldwide cultures. There are various advantages and disadvantages that come with international trade and by the end of the essay we will find out overall if the pros outweigh the cons of economic globalization. There are various debates on whether globalization is overall good for the economy or bad, everyone has a different opinion on it and it impacts everyone in an altered way. Globalization has permitted companies like Nike to locate cheap labor in another country and trade it for products to make grander profit in addition to produce more merchandise. Is this ethical? This is where people disagree and have their opinions. They state pros such as it makes companies more competitive and the result of lower prices for consumers is the great idea or it brings capital, and technological improvement to impoverished nations. This brings decision making for…

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