Skyrocket In Terms Of Globalization
1042 Words
5 Pages
Years before the United States got involved with International affairs, the economy was reliant on their own people and businesses to create such an economy that World Powers would recognize how amazing the US could be. At the end of WWI the US had entered a period of isolationism, this allowed for the US economy to boom and effectively enter a period of prosperity among the middle class, while pushing for sanctions to protect workers who had suffered because of the lack of labor laws. The United States had started becoming more globally involved after and during WWII, this allowed for the Allied Powers to defeat the Axis Powers. While the international and national economy boomed after both of these Wars, today Globalization comes with a price
…show more content…
First, interdependence needs to be dealt with, while interdependence does promote the global economy and competition, some businesses may get too large and end up becoming a monopoly of some sorts. A way to combat interdependence would be coming up with a trade agreement that allows both countries to profit from the trade deal. A great example would be having a product, and buying some parts from another country while keeping the manufacturing and rest of the parts in the US. This would lower the price of the product and keep jobs here in America while keeping international trade. Second, pollution needs to be dealt with in third world countries that are big in factories and trade, such as China. A very effective way to combat this would be trying to pass agreements in the UN that would limit the pollutions in China and other countries, while making them use green energy, such as solar panels. The US would be making a profit from trading solar panels, and the pollution would effectively drop because of the solar panels and reduced emissions agreement. Lastly, the best way to combat labor laws that are being violated is forcing the companies to adhere to those laws or being put on a sanction that would not allow them to trade with anyone, and stopping production. This would effectively work because those businesses would not lose their profits if they did and worker morale will be effectively raised, increasing production, and thus increasing trade among
First, interdependence needs to be dealt with, while interdependence does promote the global economy and competition, some businesses may get too large and end up becoming a monopoly of some sorts. A way to combat interdependence would be coming up with a trade agreement that allows both countries to profit from the trade deal. A great example would be having a product, and buying some parts from another country while keeping the manufacturing and rest of the parts in the US. This would lower the price of the product and keep jobs here in America while keeping international trade. Second, pollution needs to be dealt with in third world countries that are big in factories and trade, such as China. A very effective way to combat this would be trying to pass agreements in the UN that would limit the pollutions in China and other countries, while making them use green energy, such as solar panels. The US would be making a profit from trading solar panels, and the pollution would effectively drop because of the solar panels and reduced emissions agreement. Lastly, the best way to combat labor laws that are being violated is forcing the companies to adhere to those laws or being put on a sanction that would not allow them to trade with anyone, and stopping production. This would effectively work because those businesses would not lose their profits if they did and worker morale will be effectively raised, increasing production, and thus increasing trade among