The Pros And Cons Of Globalization: Improvements To Free Trade

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Globalization is the process of integration among people, companies, and nations that are involves exchanges of ideas, products, and world views. Globalization started off as a concept to improve transportation such as jet engine, and steamship. Globalization can be broken down into four aspects, which are academics, journalists, publishers/editors and librarians. There many pros and cons to globalization. A few pros come as a result from globalization such as improvements to free trades, the increase in jobs, lower prices for consumers and many others improvements. On the contrast, there are cons that follow globalization like in general people believe it makes the rich even richer, contributes to jobs lost, and pay cuts. Most economists …show more content…
Free trade is one of the main reasons why globalization is so important to the world, because of how it benefits countries that are still developing. The world economics depend so much on free trade. According to Bailey Ronald “How important is the open exchange of goods to the spreading of prosperity? This important: Since 1950, world trade in goods has expanded from $600 billion (in 2015 dollars) to $18.9 trillion in 2013”. That’s a more than 30-fold increase, during a period in which global population grew less than three-fold. Free trade aids places that lack certain resources that another countries can help provide. Globalization makes the process of free trade less tense because once world leaders realize how much a country is hurting; they can then extend their helping hand to those countries. Free Trade also assists more established country with receiving goods and services for a reasonable prices to sell to consumers. Globalization promotes economic growth which mean the world leaders want to create more jobs, and lower prices for consumers. Furthermore, the world leader insist the effect of this process would cause companies to increase competitive which they feel will work in the consumers favor. Another pro to globalization would be it provides an upgrade for developing countries’ capital and technology. By doing this, it assists the developing countries in becoming more established while …show more content…
Generally, people feel like some occupations, like managers, owners and investors are the only ones who really receive the benefits of working so called 9 to 5 jobs, so this causes workers to feel some type of resentment toward management. In addition, it hurts developing countries because of the way it cuts jobs by outsourcing. Some economists believe that globalization spread social degeneration and communicate illnesses. Communicate illness is cause when the world is be polluted by transportation from trains, planes, and boats. All of these transportation release harmful chemicals into the environment which is the main reason the world is dealing with problems like global warming. Social degenerated is a term use for misfit community with weird political views. Also a con to globalization is outsourcing jobs to other places, this causes the people in that area to lose their income. Outsourcing jobs can consist of people losing jobs to the increase of technology, and company changing locations. Often time this adds on to the issue of boosting unemployment rates, and can be crucial to developing countries that are already suffering to

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