Question

It is easy to argue that globalization is bad for the United States. For this post, you will need to explain one reason why it is good for America.

Answer 1

Global production results in improving economies of scale for American companies. Launching a product globally means more markets in which it can be sold, thus generating more money and neutralising risk. Economies of scale can save organisation money in terms of labour, packaging and marketing material costs, too. It helps organisation in learning how to compete with international companies to sell that product, thus leading to innovations and research. Entering global production, and selling the products and services globally can open up new revenue streams for an organization. The latest technologies can be accessed by local companies also and thus may receive access to from their multinational partners. It helped America in becoming the best innovator on the globe. When these grows grow, employment increases. Multi-national companies give job training to local employees and enhance their skills. It helped America in sustaining its lead as the globe’s largest economy; where the Americans get wealthy and enjoy one of the highest standards of living on the globe