Skyrocket In Terms Of Globalization
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